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Bitcoin reaches unprecedented peak across various global markets, targeting $131,000 in August.
Bitcoin’s recent surge has allowed the leading cryptocurrency to surpass $122,000, although it still remains below its peak of $123,000 reached in July 2025.
As per data from CryptoSlate, Bitcoin experienced an increase of over 3% in the last 24 hours, achieving a high of $122,321 before slightly pulling back to $120,749 at the time of this report.
In spite of the slight decline, Bitcoin has already set new all-time highs in various global markets, exceeding previous records in local currencies.
Data from CoinMarketCap indicates that Bitcoin has crossed the £90,000 threshold in the UK and has attained new highs in nations such as Canada, Japan, India, Argentina, Nigeria, and Pakistan.
Vincent Liu, Chief Investment Officer of Kronos Research, informed CryptoSlate that this performance illustrates a strengthening of global liquidity and momentum across markets.
He stated:
“[Bitcoin is] already hitting new peaks in pounds, pesos, and other fiats. With shifting currency dominance beyond the dollar, global liquidity and momentum are strengthening across global markets.”
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When will Bitcoin reach another high in USD?
Given Bitcoin’s worldwide performance, Praevisio, a Bitcoin analyst, maintains an optimistic outlook on BTC‘s future valuation.
Praevisio observed that Bitcoin’s recent upward trend has absorbed all resting liquidity, created a significant CME gap during the ascent, and established new demand zones.
As a result, Praevisio’s monthly forecast for the leading cryptocurrency is favorable. He predicts a 90% likelihood of BTC hitting $131,000 this month and estimates a 23% chance of revisiting the monthly low.
Conversely, analysts at Bitunix exchange conveyed to CryptoSlate that macroeconomic elements, including the forthcoming release of the Consumer Price Index (CPI) and Moody’s potential recession forecast for the US, could influence market sentiment and alter BTC’s price trajectory in the near term.
Nevertheless, Bitunix analysts believe that if BTC sustains its robust volume and closes above $120,000, it could aim for $124,000 to $127,000 next.
On the other hand, if Bitcoin fails to maintain the $120,000 support or forms a long upper wick, a retracement to $116,000 to $114,000 is probable.
The post Bitcoin hits new all-time high in multiple markets globally, eyes $131,000 in August appeared first on CryptoSlate.
