Bitcoin Price Builds Support—$135K+ Breakout in Sight

Bitcoin is once again grabbing mainstream attention as it’s ready to explore a new ATH altogether. The token is currently sitting at $114K, with analysts predicting explosive growth for the token. Can Bitcoin price truly hit the bar after gracefully breaching $120K, ultimately exploring the $135K mark? One analyst boldly thinks so.

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Analyst On Bitcoin: $135K Could Be A Next Crowning Target For BTC

Bitcoin is currently sitting at $114K, moving steadily towards a new high. Per Javon Marks, a notable crypto expert, BTC may aim for them for the longer haul, as Bitcoin price is now aiming for a spectacular new high, building support at current levels to hit $135K soon.

“Bitcoin’s prices could be BUILDING SUPPORT here after recently breaking above a key resistance area, and next up could be a HUGE climb above the $135,000 level! Prices may only be getting ready to send here…”

Bitcoin's prices could be BUILDING SUPPORT here after recently breaking above a key resisting area and next up could be a HUGE climb above the $135,000 levels!

Prices may only be getting ready to send here…$BTC https://t.co/yMnWhe6GQZ pic.twitter.com/6FZdkdE6PW

— JAVONMARKS (@JavonTM1) August 6, 2025

Marks had earlier shared how Bitcoin is busy climbing a retest; a spark above could help Bitcoin price stabilize and hit the ambitious $135K:

“$BTC IS CLIMBING OFF OF THE RETEST ! this could spark a run to levels well beyond $135,000…”

uh oh.$BTC IS CLIMBING OFF OF THE RETEST !

this could spark a run to levels well beyond $135,000… https://t.co/8vPMVL9hM5 pic.twitter.com/DAKZVCdPGe

— JAVONMARKS (@JavonTM1) August 4, 2025

$12B Bitwise Suggests New High for the Asset

According to $12B Bitwise Asset Management CIO Matt Hougan, Bitcoin’s next price target is $200K as major companies and institutions continue to dive straight into the token:

“12 Billion Bitwise says #Bitcoin should be at $200,000 today. ‘I think the number of companies buying Bitcoin is going to triple this year. I think Game Theory is on.” ”

12 Billion Bitwise says #Bitcoin should be at $200,000 today.

“I think the number of companies buying Bitcoin is going to triple this year. I think Game Theory is on.” pic.twitter.com/5gbSjGQQzu

— Trending Bitcoin (@BitcoinNews21M) August 5, 2025

Also Read: Cryptocurrency Market Loses $343 Million As Bitcoin Falls to $113k