Bitcoin Hits $113,804 Amid 21.3% 2025 Gain, ETF Inflows Drive 30% Upside Potential

Bitcoin, the leading digital asset, has reached a new historic peak of $113,804, marking a steady and significant rise through several key price levels. This ascent is driven by a combination of factors, including massive inflows into spot Bitcoin ETFs, particularly IBIT, which have strongly supported the bullish momentum. Technical analysis suggests a "bull flag" pattern, indicating a potential 30% upside toward $140,000. Additionally, prediction markets on Polymarket show a 76% chance of Bitcoin hitting $115,000 by the end of July.

The rise of Bitcoin to $113,804 was not a sudden event but a series of incremental steps. The digital asset first surpassed $112,000, followed by a continuous push that saw it exceed $113,313 and ultimately reach $113,804 before a slight pullback below $113,300. This sequence reflects sustained demand, primarily channeled through spot Bitcoin ETFs, which have attracted massive flows. The "bull flag" pattern detected by analysts suggests a potential 30% increase, pushing BTC’s price toward $140,000. Prediction markets are also optimistic, with 76% of participants on Polymarket seeing Bitcoin exceeding $115,000 as early as this July.

Behind this technical analysis, several external factors are driving the crypto market. Institutional investors are increasingly entering the market, buying in large volumes in a market where supply remains limited. This rush has drawn strong volumes in spot markets, notably through ETFs. Geopolitical tensions, including Donald Trump's promise of new tariffs targeting key sectors like semiconductors, have also contributed to the rise. The dollar's strength against the yen has led investors to seek alternative assets, including Bitcoin. Additionally, short sellers are capitulating, with about $35 billion in shorts liquidated, amplifying a fierce short squeeze that has catapulted prices.

In the current euphoric climate, many investors are dreaming of new highs for Bitcoin. Several data points converge toward an ambitious target. The price of Bitcoin has risen 21.3% since the beginning of 2025, and many see this momentum as a replay of the euphoric period at the end of 2020, but with a much more mature player supported by a stronger infrastructure. The relaxed geopolitical climate offers a calmer environment for markets, and Bitcoin, as a good barometer of uncertain times, benefits from this relaxed climate. This dynamic could well continue, suggesting that the rise of Bitcoin may only be the beginning.