Retail Hype Fades: Bitcoin Targets $120K After ATH Retreat.

  • Retail sentiment dropped sharply after Bitcoin’s $123K all-time high.
  • Arthur Hayes expects BTC to hit $250K by late 2025.
  • Bitcoin may rebound as emotional retail traders leave the market.

Retail enthusiasm around Bitcoin has eased notably after the cryptocurrency’s all-time high earlier this month. Speculative calls for a surge to $130K–$160K have declined across social platforms. Market analysts now suggest this reduction in hype may support a more stable price rebound. Meanwhile, projections from key industry figures hint at stronger long-term potential.

Retail FOMO Fades After July Peak

Retail interest in Bitcoin began to drop sharply after it reached $123,077 on July 14. Santiment data showed that the mention of higher targets, such as $130K to $160K, has faded significantly. The cooling sentiment follows a pattern seen throughout recent months.

Source: Santiment

Santiment noted that fear dominated social channels on June 22, when geopolitical concerns around U.S. airstrikes in Iran triggered a spike in social volume. This fear aligned with what some viewed as an optimal buying zone. By July 10, as Bitcoin moved past $112K, many retail traders expressed doubt about further gains, leading to skepticism and hesitation.

However, the price surged days later, with excessive optimism setting in around the new ATH. Analysts said the extreme FOMO during the July 14 rally may have marked a short-term top. Now, with emotional retail investors largely sidelined, Bitcoin could find footing for another rebound toward $120K.

At the time of writing, Bitcoin is trading at $117,818.39, reflecting a 0.91% drop over the past 24 hours.

Arthur Hayes Forecasts BTC at $250K by 2025

BitMEX co-founder Arthur Hayes recently updated his outlook on major cryptocurrencies in a blog post. Hayes now projects Bitcoin to reach $250,000 and Ethereum to hit $10,000 by the end of 2025. His earlier target for ETH was $5,000.

He tied this revised forecast to increased wartime credit expansion and growing stablecoin flows into U.S. Treasury bonds. Hayes believes these forces are injecting fresh liquidity into crypto markets. He expects Bitcoin to consolidate in the $90K–$95K range in the short term, particularly ahead of the U.S. Federal Reserve’s Jackson Hole meeting in August.

Hayes stated that BTC may stabilize near $100K before entering a strong uptrend in Q4 2025. CoinCryptoNewz’s previous report reaffirmed his longer-term vision of Bitcoin reaching $1 million by 2028, describing its role as a modern hedge during inflation-heavy cycles comparable to gold.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.

Hot this week

Cardano(ADA) Faces Market Decline: Is a Price Reversal Coming?

Cardano (ADA) faces a 3.49% price decline but is showing signs of a potential breakout. An ascending triangle pattern and strong market fundamentals suggest that ADA could soon surge past key resistance, signaling a potential price reversal.

Avalanche Price Struggles Near $15 Resistance; Will It Breakout?

AVAX price shows early signs of recovery but faces...

Solana Approaches Key Support at $130 After Pullback from Resistance

Solana is testing key support at $130 after a...

VeChain (VET) Price Outlook: Breaking Resistance Could Lead to Significant Gains

VeChain (VET) is testing key support levels with technical indicators suggesting a possible reversal. Price targets of $0.050-$0.060 in the short term and $0.250 in the long term point to significant growth potential.

Chainlink (LINK) Hits $13.56: Market Struggles with Lower Volume and Bearish Momentum

Chainlink (LINK) is facing a 4.78% price decline, with reduced trading volume in the last 24 hours. A key support level at $13.50 may trigger a potential reversal, depending on market conditions.

Topics

Cardano(ADA) Faces Market Decline: Is a Price Reversal Coming?

Cardano (ADA) faces a 3.49% price decline but is showing signs of a potential breakout. An ascending triangle pattern and strong market fundamentals suggest that ADA could soon surge past key resistance, signaling a potential price reversal.

Avalanche Price Struggles Near $15 Resistance; Will It Breakout?

AVAX price shows early signs of recovery but faces...

VeChain (VET) Price Outlook: Breaking Resistance Could Lead to Significant Gains

VeChain (VET) is testing key support levels with technical indicators suggesting a possible reversal. Price targets of $0.050-$0.060 in the short term and $0.250 in the long term point to significant growth potential.

Chainlink (LINK) Hits $13.56: Market Struggles with Lower Volume and Bearish Momentum

Chainlink (LINK) is facing a 4.78% price decline, with reduced trading volume in the last 24 hours. A key support level at $13.50 may trigger a potential reversal, depending on market conditions.

BNB Price Struggles Below $880, Eyes Potential Breakout or Reversal

BNB's price is near the lower Bollinger Band, signaling...

Terra Classic (LUNC) Sees Significant Price Surge in 24 Hours

Terra Classic (LUNC) experiences a significant 135% price surge and a 1,254% increase in trading volume, signaling strong market sentiment and investor interest.
spot_img

Related Articles

Popular Categories

spot_imgspot_img