Bitcoin slides after $ 123,000 Ath but “far from being”

Bitcoin reached a new ATH over $ 123,000 yesterday and analysts say that the Bull Run is far from finished – even after a strong correction of 4% in the last 24 hours.

At 2:21 a.m., the main cryptocurrency fell at $ 117,010.14, probably pulled by the profit after its record race. However, market observers underline the fundamental principles of solid demand and the place for more increase.

In a note of July 14 to investors, the Arca CIO Jeff Dorman cited the point of view of analyst Will Clemente on X that Bitcoin is still far from the summits seen in March of last year, after the launch of Bitcoin ETF earlier in the year, or the victory of the Trump elections in December.

“This rally is far from that,” wrote Clemente.

In the large scheme of things, foam on the Altcoin market can get worse from here.

Until now, the two main peaks of this cycle (March 2024 and December 2024) have coincided with the percentage of percentage.

Currently nowhere. pic.twitter.com/l083lacyuq

– will (@wclemememeiii) July 13, 2025

Katie Stockton of Fairlead Strategies echoed the feeling in a CNBC interview, projecting a potential climb at $ 135,000 before Bitcoin between a corrective phase.

The offer of BTC minors unable to follow the request for retail

While some analysts predict the price of Bitcoin more, the demand of retail merchants has recently resumed, according to Crypto Exchange Bitfinex.

In a July 14 research noteThe researchers of the exchange said that shrimp (<1 BTC), crab (1-10 BTC) and fishing carriers of fish carriers (10-100 BTC) accumulate BTC faster than minors can produce supply each month.

“Currently, the combined balance of these cohorts is developing at a rate of around 19.3K BTC per month,” wrote the researchers. “The demand for this segment alone is more than sufficient to absorb any new offer.”

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