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![AlternateTrader Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::902372100.png) Alternate Trader [@AlternateTrader](/creator/twitter/AlternateTrader) on x 1044 followers
Created: 2025-07-16 11:54:04 UTC

The Bitcoin price is back around the 119k area after heading down to around 116k on the news that the crypto bill stalled.

There seems to be renewed hope that the bill will be taken up. And eventually may still pass.

Any way I look at it, the trending on $BTC remains bullish and the probability of higher prices is higher.

I use the $IBIT chart to assess and there is a clear breakout above that double-bottom pattern.

My immediate 120k target was reached much sooner than I anticipated. 

I still hold on to the next target of 163k on Bitcoin by end of August. More than likely it will come sooner.

#Bitcoin #Crypto #BTC #Trending #Bullish

![](https://pbs.twimg.com/media/Gv-hU-AXcAAPZlB.jpg)

XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945451866705346762/c:line.svg)

**Related Topics**
[$btc](/topic/$btc)
[trader](/topic/trader)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)
[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)
[coins pow](/topic/coins-pow)
[$ibit](/topic/$ibit)
[stocks etf](/topic/stocks-etf)

[Post Link](https://x.com/AlternateTrader/status/1945451866705346762)