BTC successfully broke through $120,000 and will open the way to $135,000-$140,000.On July 14, Bitcoin (BTC) broke through $120,000, setting a new record high.Record institutional capital inflows, the arrival of US Crypto Week, and rumors of the resignation of Federal Reserve Chairman Powell have driven Bitcoin to continue to rise.Since the beginning of 2025, the price of Bitcoin has risen by 29%, surpassing the 26% increase in the price of gold.Analysts generally believe that if Bitcoin can clearly break through $119,000-120,000 and reopen trading volume, it may mark the next stage of this bull market cycle and set the tone for the third quarter of 2025."BTC will open the road to $135,000-$140,000." Niels, co-founder of Ted Labs, said.Bitwise Chief Investment Officer Matt Hougan believes that continued institutional demand and limited supply will drive Bitcoin to $200,000 by the end of the year. Standard Chartered Bank also predicts that Bitcoin will reach $200,000 in the fourth quarter, driven by exchange-traded fund (ETF) inflows and policy catalysts.