Bitcoin Price Surges: Analysts Eye $135K+ Breakout

by Crypto Hobby

Updated August 07, 2025

Bitcoin soaring upwards past financial landmarks.

Bitcoin is showing strong signs of recovery, with analysts predicting a potential surge towards new all-time highs.

The cryptocurrency is currently trading around $114,000, and some experts believe it could soon break the $135,000 mark.

Bitcoin Poised for Significant Price Surge

Bitcoin's price action is once again capturing the attention of the broader market.

Currently valued at approximately $114,000, the digital asset is showing robust support at these levels, fueling optimism for further gains.

Analysts are closely watching for a potential breakout that could propel Bitcoin to unprecedented territory.

Expert Analysis Points to $135K Target

Javon Marks, a prominent figure in the cryptocurrency space, has expressed a bullish outlook for Bitcoin.

He suggests that the current price levels are building crucial support after a recent breach of key resistance.

Marks anticipates a substantial climb, potentially exceeding $135,000 in the near future.

Marks believes Bitcoin's price could be building support after breaking above a key resistance area.
He predicts a "HUGE climb above the $135,000 level."
Marks also noted that Bitcoin is "CLIMBING OFF OF THE RETEST," which could spark a run well beyond $135,000.

Institutional Interest Fuels Optimism

Adding to the positive sentiment, Matt Hougan, CIO of Bitwise Asset Management, has put forth an even more ambitious target for Bitcoin.

He suggests that the cryptocurrency should be valued at $200,000 today, citing the increasing adoption by major companies and institutions.

Hougan stated, "I think the number of companies buying Bitcoin is going to triple this year. I think Game Theory is on."

This influx of institutional capital is seen as a significant driver for Bitcoin's potential price appreciation, reinforcing the bullish narrative surrounding the asset.