Bitcoin is trading at the $118,700 level on Monday after hitting an all-time high of $122,838 last week. It is down 3.3% from its ATH and Bitcoin could rally in the charts as its price is being concentrated. BTC is attracting heavy buying pressure with institutional clients taking entry positions worth millions of dollars. The development is pushing BTC upward in value, making it a prime investment across the financial sector.

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Bitcoin’s Next Rally: Projected To Reach $130,000

Alexander Zahnd, the interim CEO of Zilliqa, said that if Bitcoin continues the rally, its next target could be $130,000. “Bitcoin’s move above $120,000 isn’t just another milestone. It’s a signal that crypto has entered a new phase where institutional confidence is driving consistent demand. What stands out this time is the quality of the rally. It’s spot-driven, not built on leverage, and it’s unfolding in a relatively calm market. That points to a more mature and resilient structure compared to previous cycles,” he said.

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The key levels to watch next are $126,500, and if Bitcoin maintains rally and momentum, the next target is $130,000. However, he warned there could be a downside if the markets turn bearish due to price pullback and sell-offs. “Looking ahead, $123,200 is the next key level to watch, with room to push toward $126,500 and potentially $130,000 if momentum holds. On the downside, support looks solid around $118,950, and deeper pullbacks toward $115,000 or $112,000 would still be healthy in the broader trend.”

The pullback in Bitcoin’s price could come from uncontrolled US debt, inflation, and bad monetary polices from the Fed and dim the rally. “At a macro level, concerns about rising debt, persistent inflation, and uncertainty in monetary policy are all reinforcing the idea of Bitcoin as a long-term store of value. That dynamic isn’t going away anytime soon. If anything, it’s becoming more central to how investors think about the future of finance. This rally feels grounded in that shift—and that’s what makes it different,” Zahnd summed it up.