{"id":7757,"date":"2025-08-14T06:48:18","date_gmt":"2025-08-14T06:48:18","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-price-hits-new-all-time-high-whats-next\/"},"modified":"2025-08-14T06:48:26","modified_gmt":"2025-08-14T06:48:26","slug":"bitcoin-price-hits-new-all-time-high-whats-next","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-price-hits-new-all-time-high-whats-next\/","title":{"rendered":"Bitcoin price hits new all time high, what\u2019s next?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin price has hit a new all-time high above $124k, fueled by increasing odds of a Fed rate cut in September, boosted by July\u2019s U.S. CPI reading.<\/p>\n<div id=\"cn-block-summary-block_029af9145ca18a02185d9ed5dc3abfaf\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin hit an alltime high of $124,000 as odds of a Fed rate cut in September rose.<\/li>\n<li>Spot Bitcoin ETFs drew over $1 billion in net inflows over the past five sessions.<\/li>\n<li>An ascending channel pattern has formed on the BTC 4-hour chart.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Bitcoin (BTC) rose over 8.5% in the past 7 days to $124,128 on Friday, morning Asian time, setting a new all-time high. It has since dipped slightly lower to $123,197 as of press time, still holding gains of 32% since the beginning of this year and over 62% from its year-to-date low.<\/p>\n<p>Bitcoin\u2019s push to fresh highs came a day after the U.S. released the July CPI report, which showed annual inflation steady at 2.7%, matching June\u2019s rate and coming in below the 2.8% forecast. The report also indicated overall consumer prices rose 0.2% month-on-month, down from a 0.3% gain in June.<\/p>\n<p>The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" target=\"_blank\">CME FedWatch<\/a>, a closely tracked tool for gauging market expectations of Federal Reserve interest rate changes, showed the odds of a rate cut at the September meeting rising to 95.8% after the U.S. CPI print.\u00a0<\/p>\n<p>A Fed rate cut would lower borrowing costs and increase liquidity, often prompting investors to shift into risk-on assets like cryptocurrencies in search of higher returns.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Inflows into spot Bitcoin and Ethereum ETFs have also been a pivotal factor supporting BTC\u2019s rally to new all-time highs.<\/p>\n<p>SoSoValue <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\" target=\"_blank\">data<\/a> show that the 12 spot BTC ETFs have attracted over $1 billion in net inflows over the last five trading days, while their Ether counterparts pulled in around $1 billion on Tuesday alone, together sparking bullish sentiment across the crypto market.<\/p>\n<p>A look at the BTC liquidation heatmap from CoinGlass <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\" target=\"_blank\">shows<\/a> that Bitcoin\u2019s recent move to new highs was accompanied by a wave of short liquidations, particularly in the $124,000\u2013$126,000 range, as price pressure forced traders betting against the rally to close positions. This short covering likely amplified the upward momentum during the run-up.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Bitcoin liquidation heatmap | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/pro\/futures\/LiquidationHeatMap\" target=\"_blank\">CoinGlass<\/a><\/figcaption><\/figure>\n<p>However, the chart also reveals a dense concentration of long liquidation levels clustered around $120,000\u2013$121,000. If the price were to retrace into this zone, it could trigger a cascade of forced selling, accelerating downside pressure.<\/p>\n<h2 class=\"wp-block-heading\">BTC price analysis<\/h2>\n<p>Bitcoin appears to have formed an ascending parallel channel pattern on the 4-hour chart, which consists of higher highs and higher lows contained within two upward-sloping parallel lines. This formation typically signals a continuation of the prevailing uptrend.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1827\" height=\"888\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/08\/1755154098_881_Bitcoin-price-hits-new-all-time-high-whats-next.png\" alt=\"Bitcoin price hits new all time high, what's next? - 2\" class=\"wp-image-14405455\"><figcaption class=\"wp-element-caption\">BTC price formed an ascending parallel channel on the 4-hour chart \u2014 Aug. 14 | Source: crypto.news<\/figcaption><\/figure>\n<p>The token\u2019s price is currently retracing after touching the channel\u2019s upper boundary, with a move toward approximately $120,500 likely by the end of the current session. If BTC holds support at this level, it could rebound toward $127,000 in the next leg higher, assuming it continues to trade within the channel.<\/p>\n<p>The bullish crossover of the 50-day moving average above the 200-day moving average further reinforces the upward bias, indicating sustained positive momentum in the trend.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price has hit a new all-time high above $124k, fueled by increasing odds of a Fed rate cut in September, boosted by July\u2019s U.S. CPI reading. Summary Bitcoin hit&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=7757"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7757\/revisions"}],"predecessor-version":[{"id":7759,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7757\/revisions\/7759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7758"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=7757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=7757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=7757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}