Bitcoin attain all-time highs in main currencies amid $122k rebound

Bitcoin’s latest rally has seen the main digital asset breach $122,000, although it nonetheless falls in need of its July 2025 peak of $123,000.

Based on CryptoSlate’s information, Bitcoin rose by over 3% previously 24 hours, reaching a excessive of $122,321 earlier than barely retracing to $121,449 on the time of writing.

Regardless of the minor pullback, Bitcoin has already reached new all-time highs in a number of international markets, surpassing earlier data in native currencies.

Based on CoinMarketCap information, Bitcoin has breached the £90,000 mark within the UK and reached new highs in international locations like Canada, Japan, India, Argentina, Nigeria, and Pakistan.

Vincent Liu, CIO of Kronos Analysis, advised CryptoSlate that this efficiency reveals that international liquidity and momentum are strengthening throughout markets.

Based on him:

“[Bitcoin is] already hitting new peaks in kilos, pesos, and different fiats. With shifting forex dominance past the greenback, international liquidity and momentum are strengthening throughout international markets.”

When will Bitcoin break one other excessive in USD?

Contemplating Bitcoin’s international efficiency, Praevisio, a Bitcoin analyst, stays bullish on BTC’s future worth.

Praevisio famous that Bitcoin’s latest uptrend has swept up all resting liquidity, created a big CME hole on the way in which up, and established contemporary demand zones.

Because of this, Praevisio’s month-to-month outlook for the highest crypto is constructive. He forecasts a 90% probability of BTC reaching $131,000 this month and estimates a 23% probability of revisiting the month-to-month low.

However, analysts at Bitunix change advised CryptoSlate that macroeconomic elements, together with the upcoming launch of the Shopper Value Index (CPI) and Moody’s potential recession forecast for the US, might affect market sentiment and shift BTC’s worth trajectory within the quick time period.

Nonetheless, Bitunix analysts consider that if BTC maintains its robust quantity and closes above $120,000, it might goal $124,000 to $127,000 subsequent.

Conversely, ought to Bitcoin fail to interrupt the $120,000 resistance or type a protracted higher wick, a retracement to $116,000 to $114,000 is probably going.