On August 13, 2025, Bitcoin ($BTC ) ended the day at $122,805.90, gaining 2.27% after rebounding from a low of $119,472.14. Over the past week, BTC is up 6.46%, holding strong above the important $118K–$119K support zone.
The price is now pressing against the $123K resistance — last tested in mid-July — and a clean breakout could clear the way for bigger moves. Analysts still see $170K as a cautious year-end target, with a shot at $200K+ if momentum accelerates.
Bullish sentiment is supported by heavy institutional inflows — over $1.18B poured into ETFs on July 11 — and clearer U.S. regulations for stablecoins and institutional crypto use during “Crypto Week.”
The wild card is the upcoming July CPI data (forecast: 2.8% YoY). If inflation comes in cooler than expected, BTC could run toward $150K in the short term. But a hotter print could revive interest rate fears and drag prices back under $100K.