Bitcoin Price Prediction: Almost $118K and Up 3.6% – Is $120K the Next Stop?

Bitcoin is at $117,500, up nearly 1% in the last 24 hours, with a market cap of $2.34 trillion and $58.4 billion in daily volume. It’s up 3.6% for the week and closing in on $120,000 as institutional demand and market dynamics reshape the old price cycles.

Bitcoin’s 4-year halving cycle, where major peaks occur about a year after each halving, is showing signs of changing. In 2024, BTC hit $73,000 in March, well ahead of the cycle peak. Analysts point to US Bitcoin ETFs, increasing institutional interest, and a more mature market structure as the reasons for this change.

Bitcoin has typically traded in a four-year price cycle centered around an event called the halving. But more recently, that cycle, which has often had a predictable pattern, has shown signs of breaking or even disappearing altogether.

Read more here: https://t.co/BMPQI3L2G4 pic.twitter.com/CvL3JyTKFf

In previous cycles, BTC would drop 70-80%. This time, the biggest correction was 26%. Experts like Ryan Chow of Solv Protocol and Matt Hougan of Bitwise expect future pullbacks to be 30-50% and Bitcoin to be more attractive to long-term investors. If the cycle structure is breaking, BTC could see more sustained and less volatile gains in the coming years.

Adoption trends are also making Bitcoin more attractive. Kraken has launched xStocks, tokenized equities backed 1:1 and available for as low as $10. The product is live in the Middle East, Asia, and Latin America, and will soon be in Europe, and a debit card to buy stocks directly from stock holdings or crypto balances. Last month, Tesla tokens (TSLAx) rose 102.9%, and the sector is growing fast.

Full story out now https://t.co/MpgCL4eNO9

Meanwhile, Coinbase has added decentralized exchange (DEX) trading to its US app, except for New York.

Users can now trade on Uniswap, Aerodrome, and other DEXs without leaving Coinbase and trade tokens tied to projects like Reserve Protocol and Virtuals AI Agents directly on-chain. This is self-custody and more token access in the post-FTX world.

Millions of assets. One Coinbase app.

→ Every asset on @base
→ Faster and easier access to onchain trading
→ Tokens go from launch to available on Coinbase in moments

All available in the same Coinbase app with DEX trading.

Rolling out now, starting in the U.S. (ex. NY). pic.twitter.com/yo5tw04js9

On the daily chart, Bitcoin price prediction is bullish as BTC is testing the top of the bullish flag formed after the July run to $123,250.

Price is supported by the uptrend line and the 50-day SMA at $113,435, and the recent gains are from the bounce off the 0.382 Fibonacci retracement at $113,678.

The RSI is up from mid-50s and not overbought. The MACD is about to cross bullish and should add to the upside. A close above $117,335 could target the $123,250 high and $127,000 if momentum holds. Support is between $113,400 and $113,600.

For traders, a dip to $116,500-$117,300 could be a long entry, with stops below $113,400. A confirmed breakout could set up a move to $130,000 driven by institutional inflows, regulatory clarity, and broader blockchain adoption.

Bitcoin Hyper ($HYPER) is the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), built to supercharge the Bitcoin ecosystem with fast, low-cost smart contracts, dApps, and meme coin creation.

By merging Bitcoin’s security with Solana’s performance, it unlocks powerful new use cases – all with seamless BTC bridging.

The project is audited by Consult and built for scalability, simplicity, and trust.

Investor interest is surging, with the presale already surpassing $7.7 million and only a small allocation remaining.

HYPER tokens are currently available at just $0.012575, but that price is set to rise in the next 3 days.

You can buy HYPER tokens on the official Bitcoin Hyper website using crypto or a bank card.

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