New Record: Bitcoin Soars to $119,800 — Could It Skyrocket Another 50%?

Jakarta, Pintu News – The price of Bitcoin (BTC) set another new record high today, Monday (7/14/25), touching $119,800 amid increased market volatility as the week draws to a close.

This price surge reinforced bullish sentiment among market participants, with some analysts citing the potential for further gains of up to 50% if the current momentum continues.

Is this the start of the next big rally for Bitcoin?

Bitcoin Price Rises 2.04% in 24 Hours

On July 14, 2025, Bitcoin reached a new milestone, trading at $119,882 — equivalent to IDR 1,931,585,671 — marking a 2.04% increase over the past 24 hours. Throughout the day, BTC fluctuated between a low of IDR 1,892,987,374 and a high of IDR 1,931,585,671.

According to CoinMarketCap, Bitcoin’s market capitalization now stands at around $2.38 trillion, with trading volume in the last 24 hours up 19% to $54.4 billion.

Read also: Ethereum Hits $3,000 — Is a New All-Time High Just Around the Corner?

BTC Price Surges to New Record at $19,800

As of July 14, 2025, the CoinMarketCap website notes that Bitcoin is currently at $119,882, surpassing the previous record peak that occurred two days ago, when the price crossed the $119,000 mark for the first time.

Citing a Cointelegraph report, Bitcoin’s current rise triggered the liquidation of short positions. The latest data from monitoring platform CoinGlass noted that the liquidation of BTC short positions reached over $20 million in just one hour.

“Next week will be exciting. There are currently many large liquidity clusters above and below the current price. We just broke through an important area above $119K,” popular trader Daan Crypto Trades commented in a post on X.

Daan also pointed out two key zones to watch out for regarding the next liquidation: $115,500-$116,500 and the area above $120,000.

“BTC is facing a strong resistance level between $119K-$120K. But if it can break through it, there is still a big chance of an increase,” said trader and investor Niels, co-founder of Web3 accelerator and incubator Ted Labs.

“If BTC manages to break $120K, the path to $135K-$140K will open up. But if it fails and is rejected, it will likely retest the $114K-$115K area before reversing.”

Chance of 50% Increase?

Some analysts see a broader picture, including BitBull traders who remain optimistic about BTC’s price movements in the near future.

Read also: Bull Run Incoming? 3 Made in USA Cryptos Set to Explode Soon!

“There is no reason to be bearish on $BTC right now. This is the strongest weekly breakout since November 2024, which back then pushed the price up 50%,” he told his followers on X.

BitBull also highlighted a number of bullish triggers affecting Bitcoin, such as record institutional fund flows, the upcoming “Crypto Week” agenda in the US, as well as rumors regarding the resignation of Federal Reserve Chairman, Jerome Powell.

“The first week in Bitcoin’s Price Discovery Uptrend 2 is slowly coming to an end. The second week starts tomorrow,” added popular trader and analyst Rekt Capital.

“The firstPrice Discovery Uptrend lasted for 7 weeks.”

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Bitcoin hits new all-time high above $119K as traders eye 7-week uptrend. Accessed on July 14, 2025