Bitcoin, the world’s leading cryptocurrency, recently achieved a significant milestone, hitting a new all-time high of $122.838 on July 14. Following this surge, the digital asset has entered a period of consolidation, hovering around the $118.000 mark. Far from dampening spirits, this brief pause appears to be a healthy market adjustment, with sentiment remaining distinctly bullish, suggesting substantial room for continued growth.
Decoding Market Sentiment: Greed Without Overheating
Current market dynamics, as reflected by Coinmarketcap’s widely watched Fear & Greed Index, indicate a “greed” level of 68. While this signals robust investor confidence, it’s crucial to note that this level is well below the 75% to 80% range that characterized previous price peaks in March 2024 and December 2025, which saw the market enter a state of extreme euphoria.
Crypto analyst Axel Adler Jr., citing data from CryptoQuant, highlighted that the 30-day moving average of the Fear & Greed Index has climbed back into the optimism zone at 66,2%. This current “greed” reading, sitting comfortably below the “extreme greed” threshold, suggests a more sustainable upward trajectory. If Bitcoin continues its ascent without sentiment becoming overly euphoric, it could pave the way for a prolonged and healthier rally, building a stronger foundation for new price records.
The Logarithmic Growth Curve: A Blueprint for Bitcoin’s Peak
Beyond immediate sentiment, technical analysis provides a compelling long-term outlook. Bitcoin’s recent move above $120.000 and its subsequent consolidation saw it re-enter the initial band of the Logarithmic Growth Curve (LGC) resistance zone. This specific band, often depicted as a light pink region on analytical charts, has historically served as a critical profit-taking area in past Bitcoin bull markets.
A similar pattern was observed in December 2024 and January 2025, when Bitcoin briefly touched this zone before a minor correction, echoing the dynamics seen during January 2021’s first peak in the prior bull cycle. This re-entry into the LGC’s “profit-taking” segment is interpreted by experts as the beginning of a final, powerful build-up phase for the current market cycle.
Leading crypto analyst TradingShot, whose analysis on TradingView has gained traction, forecasts that the ultimate peak for this Bitcoin cycle could land between October and November 2025. This projection, influenced by macro-economic factors such as anticipated US interest rate cuts in September, suggests a potential price range for Bitcoin anywhere from $140.000 to an ambitious $200.000.
As of writing, Bitcoin is trading at $118.152, positioning itself for what many analysts believe will be a significant final leg of its current bull run.
Disclaimer: This article is for informational purposes only and should not be taken as financial advice. Always conduct thorough research before making investment decisions.
