Bitcoin At $113,804: Why This Rise May Only Be The Beginning

It was both predictable and almost surreal: Bitcoin, the engine of the crypto universe, has just recorded a new peak in the history of digital assets. For weeks, signals had been accumulating, bets intensifying, but few imagined such a clear and rapid rise. Yet, the digital giant roared, unfolding an almost precise ascent. Behind this record are combined forces, a story more complex than mere bullish euphoria.

Another Peak for Bitcoin: What Does This Number Tell Us?

The story of this rise is written in stages. First, $112,000 surpassed last night, the first warning. Then, a continuous push, without real pause. This morning, $113,313 were exceeded. And finally, the climax: $113,804 recorded, just before a slight pullback below $113,300.

This sequence is not accidental. It reflects sustained demand, mainly channeled through spot Bitcoin ETFs, which have attracted massive flows. IBIT, in particular, catalyzes these volumes. And what the charts whisper, CoinDesk analysts confirm: a “bull flag” detected on the curves suggests a potential 30% increase, which would push BTC’s price toward $140,000.

Meanwhile, prediction markets are excited. On Polymarket, 76% of participants see Bitcoin exceeding $115,000 as early as this July. A figure that sets the tone in an already optimism-charged climate.

Institutions, Geopolitics, and the Trump Effect: Behind the Rally

But this rise is not just about technical analysis. Behind the scenes, the crypto machine is running at full speed, driven by external factors.

First dynamic: the massive entry of institutional investors. According to analysts, institutions no longer just observe. They buy. And they buy in mass, in a market where supply remains limited. This rush has drawn strong volumes in spot markets, notably through ETFs.

Second factor: geopolitics. Donald Trump, in a tense campaign atmosphere, has promised new tariffs between 25% and 50%, targeting key sectors like semiconductors. Result? The dollar rises against the yen, as Reuters explains, and investors turn to alternative assets, including Bitcoin.

Finally, short sellers are capitulating. According to Digital Watch, about $35 billion in shorts have been liquidated, amplifying a fierce short squeeze that catapulted prices.

The Leading Crypto Racing Towards $140,000: Credible Scenario or Euphoria?

In the prevailing euphoria, some are already dreaming of new highs. And rightly so, several data points converge toward an ambitious target.

• $113,804, new all-time high reached before a moderate pullback;
• +4% increase on July 10, following a +3.5% the day before;
• 30% bullish potential according to the “bull flag” model;
• 76% chance Bitcoin will reach $115,000 in July (Polymarket);
• $35B in short positions liquidated, triggering a massive short squeeze.

These figures are not vague projections but observed facts: the price of Bitcoin has risen 21.3% since the beginning of 2025. Many investors see in this momentum a replay of the euphoric period at the end of 2020, but with a much more mature player, supported by a stronger infrastructure.

Moreover, inflation is receding in the United States, offering a calmer environment for markets. Bitcoin, a good barometer of uncertain times, benefits from this relaxed climate. This dynamic could well continue.