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$120,000 and Beyond: What’s Next for Bitcoin?

July 14 marked a historic milestone as Bitcoin reached the $120K mark for the first time ever. Exciting times! So, what’s next? We pulled together three insightful takes on what could happen with the price.

Get the detailed prediction

BTC as a Crisis Hedge?

Marcus Thielen of 10x Research says Bitcoin isn’t just tech anymore, it’s gone macro. With the US debt ceiling up $5T and deficits climbing, he sees BTC joining gold as a top hedge against a financial crisis.

Will BTC win?

On-chain Metrics Say…

According to Glassnode, even with BTC hitting a new ATH above $118K, long-term holders aren’t in full euphoria. NUPL sits at 0.69; well below last cycle’s peak zone, which lasted 228 days vs. just 30 this time.

Meanwhile, Bitcoin transactions have ticked up: daily averages rose by 24K in just two days, from 340K to 364K. Still, that’s well below the 2023-2024 highs of 530K-666K. So, holders aren’t exactly rushing to sell. This calm behavior adds strength to both the technical and fundamental bullish outlook.

Go get BTC

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