A bullish Bitcoin price prediction is gaining momentum after Trump Media and Technology Group announced it has acquired around $2 billion in Bitcoin and crypto-related investments.
The move highlights Donald Trump’s deepening involvement in crypto during his presidency.
According to the company, digital assets now make up roughly two-thirds of its $3 billion liquid portfolio, signaling a major institutional vote of confidence in Bitcoin’s long-term value.
This development has ignited fresh market enthusiasm surrounding a potential parabolic bull cycle driven by Bitcoin’s momentum.
Bitcoin $118K Consolidation Sets Stage for Parabolic Bull Market
While Bitcoin has experienced a remarkable surge, climbing over 55% from its April low of $74,508, the leading cryptocurrency has recently entered a consolidation phase around $118,000.
Crypto analyst JA Maartun reveals that 32,300 BTC entered exchanges within a single hour on July 17, preceded by two substantial transfers of 15,800 BTC and 13,400 BTC from high-balance wallets containing over 100 BTC.
Source: CryptoQuantSuch significant movements typically indicate profit-taking behavior, particularly following Bitcoin’s achievement of a fresh all-time peak at $123,205 on July 14.
In response to these whale-driven inflows, the Bitcoin price retreated and currently trades within the $117,000-$118,000 range.
As Bitcoin stabilizes and investment capital shifts toward Ethereum, Solana, and mid-cap tokens, altcoins tend to demonstrate superior performance.
Recent examples include Ethereum, XRP, and Solana, which have recorded double-digit percentage gains over the past week.
Meanwhile, the meme coin sector alone has surged 8% today, approaching a total market capitalization of $90 billion.
With President Trump recently advancing the GENIUS Act into legislation following bipartisan House approval, market analysts such as Ali Charts project that the Bitcoin price could advance toward $131,200, provided $117,400 maintains as support.
Bitcoin Price Technical Analysis: Liquidity Sweep Targets $130k Bullish Reversal
From a technical perspective, the BTC/USD hourly chart displays a distinct liquidity sweep formation, where price temporarily broke below critical support to activate sell stops and eliminate weak long positions.
This move was immediately followed by recovery action, generating an imbalance or Fair Value Gap (FVG) that suggests bullish intentions.
A breakthrough above the short-term peak, identified as the structure-shifting threshold, would validate a bullish reversal targeting the $123,358 level as the initial objective.
Source: TradingViewThe RSI currently sits near 68.7, indicating robust bullish momentum while approaching overbought conditions, which may lead to brief consolidation.
Should Bitcoin successfully breach the current high, chart analysis anticipates a rally toward the secondary target at $130,331.
The projected trajectory suggests possible minor corrections along the path, but overall sentiment remains constructive as long as the FVG support zone remains.
Bitcoin Hyper: Solana Performance Meets Bitcoin Security
As investors seek the next big crypto opportunity, new projects with strong technology and community support are garnering more attention, particularly from those new to the crypto space.
One new altcoin making waves is Bitcoin Hyper ($HYPER). This project brings super-fast transactions (like Solana) to Bitcoin’s network.
The best part? It keeps all of Bitcoin’s strong security features.
The presale is happening right now on the Bitcoin Hyper website. In just a few days, early buyers have already raised $4.1 million.
New investors can buy $HYPER tokens for $0.01235 each, although this price will increase as the presale progresses.
You can participate in the Bitcoin Hyper website presale using crypto or a bank card.
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