Cryptocurrency analyst and dealer Ali Martinez, recognized on the X social media platform as @ali_charts, believes that the world’s flagship cryptocurrency, Bitcoin, has odds of hovering a lot greater than the current all-time excessive very quickly.
The analyst has printed an X submit with a Bitcoin chart connected, exhibiting how BTC can soar as excessive as $131,200.
“Bitcoin may march in direction of $131,200”
In response to Martinez, Bitcoin may proceed rising and attain $131,200 if it manages to take care of the vital assist stage that has fashioned at $117,400.
This conclusion is predicated on a technical evaluation trendline from the beginning of July. Moreover, the two.33% progress logged by Bitcoin immediately, on July 22, provides to the analyst’s narrative. A day earlier than, BTC traded at $116,620, whereas now it’s altering arms barely above the $119,300 stage.
Bitcoin $BTC may march towards $131,200, as long as $117,400 holds as assist! pic.twitter.com/dst2RU6V02
— Ali (@ali_charts) July 22, 2025
SpaceX transfers Bitcoin after three years of holding
Earlier immediately, the crypto group was intrigued by the information that Elon Musk’s spacecraft firm, SpaceX, made its first Bitcoin switch after three years of preserving its BTC inactive.
In response to Arkham, SpaceX has made a big on-chain transfer after three years. At 13:09 (UTC+8) immediately, the SpaceX-labeled deal with 15oKQ7…i7Jf1G transferred 1,308 BTC (price roughly $153 million) to an unlabeled deal with: bc1q8k…phartf. The final outbound switch from…
— Wu Blockchain (@WuBlockchain) July 22, 2025
SpaceX transferred 1,308 BTC price roughly $153 million, and the transaction focused nameless deal with “bc1q8k…phartf,” based on Arkham Intelligence on-chain information aggregator.
The final Bitcoin switch made by Musk’s SpaceX was observed on June 10, 2022. Again then, the corporate despatched 3,505 BTC (valued at round $102 million again then) to the biggest U.S.-based cryptocurrency trade, Coinbase. SpaceX now nonetheless holds 6,977 BTC, equal to roughly $815 million in complete.
