Bitcoin Price Hits New ATH of $118, 403, Is Peter Brandt BTC Prediction of $135K Next?

Bitcoin reached a new all-time high (ATH) of $118,403 on Friday after a 7.6% surge from the intra-day low of $110,660. The BTC price surge follows a series of global events, including rising ETF inflows and announcements surrounding President Donald Trump’s latest tariff measures. With these factors combined, Bitcoin surged beyond the $118,000 mark for the first time since 2009.

Bitcoin Records a New All Time High, moves past $111k

Bitcoin rise to a new all-time high comes after it surpassed the $111,000 resistance level earlier this week. The BTC price increased by nearly 9% in just a few days, peaking at $118,403.

Spot Bitcoin exchange-traded funds (ETFs) saw over $1.2 billion in net inflows since the start of July, helping to fuel the rally. According to Farside Investors, these strong inflows have been a key driver of Bitcoin’s recent success.

The rising demand for risk assets in the global market also contributed to Bitcoin increase. Investors appear to be turning to Bitcoin as an alternative investment amid growing economic instability. As global tensions rise due to President Trump’s tariff announcements, Bitcoin has gained momentum, suggesting that investors view the cryptocurrency as a safe haven against uncertainty.

Tariff Announcements and Bitcoin’s Reaction

President Trump’s announcement of new tariffs has played a role in Bitcoin’s recent surge. On Wednesday, Trump introduced tariffs on countries such as Brazil, Malaysia, and Kazakhstan. These tariffs, ranging from 20% to 50%, have sparked concerns about potential global economic instability.

Bitcoin’s response has been notable, as it quickly increased in value, reaching its ATH amid this geopolitical turmoil.

Source: X

However, Crypto General has shared his thoughts on Bitcoin trajectory. In a recent X post, he emphasized that Bitcoin appears to be gearing up for a breakout. He noted that BTC price has been consolidating in a tight range for several days, and the charts suggest a potential push toward higher levels.

“He further added, “I am eyeing at 115k for the near future. I know people are very skeptical about tariffs and Trump’s announcement, but charts are suggesting otherwise.”

ETF Inflows and Institutional Adoption

Bitcoin rise has been fueled in part by robust ETF inflows, as institutions and corporate treasury companies continue to adopt Bitcoin as a store of value.

Source: X

Concurrently, according to Santiment, the Bitcoin surge came despite many retail investors dropping out of the market due to feelings of boredom or disbelief. The platform pointed out that historical trends show such moments often signal a potential breakout, as crypto markets typically move in the opposite direction of retail sentiment.

“History has shown that this is a prime sign of a potential breakout, as crypto markets typically move the opposite direction of the crowd’s expectations,” Santiment said.

“When retail shows FUD (fear, uncertainty, and doubt), these are usually prime spots for smart money to move in and accumulate.” This observation suggests that Bitcoin rally could continue as larger investors take advantage of market sentiment shifts.

Bitcoin is currently at a pivotal point and is hovering just above all time high and investors are divided, what’s next Bitcoin price $135k or $107k as it approaches historical resistance.