Bitcoin’s Next Milestone: $250K In Sight After $120K Test, Analyst Says
July 16, 2025 · 8:00 PM
Bitcoin has recently broken through the $110,000 mark, reaching $123,000, indicating strong buying interest. Analysts, including EliteOptionsTrader, believe this could signal the beginning of a larger upward trend, particularly with the potential approval of a spot Ethereum ETF, which may attract more institutional investment into crypto. The recent US election results and speculation about Federal Reserve rate cuts are also contributing to a favorable environment for Bitcoin, seen as a hedge against economic uncertainty.
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