Matrixport Predicts New Bitcoin All-Time High by July – Here's Why

Bitcoin has surged close to its all-time high, marking a strong continuation of the bullish wave that began in early spring.

Matrixport, a leading crypto research firm, predicts that Bitcoin (BTC) could reach a new all-time high (ATH) by July.

The crypto behemoth pulled back slightly after hitting highs of $68,000 earlier this week, encountering resistance at the $66,000-$68,000 band. However, despite the brief setback, analysts at Matrixport see a continuation of the bullish wave that began in early spring.

As the near-term bearish risks diminish and the upside momentum strengthens, the broader outlook is becoming increasingly optimistic.

President Trump’s pro-investment stance, which is part of a broader narrative of political influence on markets, is also being considered by Matrixport analysts. They suggest that Trump’s policies, known for their focus on economic growth and tax cuts, have been credited by some for the strength of the U.S. economy and the stock market in recent years.

In the crypto sphere, institutional demand for Bitcoin is another factor that could propel prices higher. As more companies like MicroStrategy and BlackRock add BTC to their balance sheets, the limited supply of Bitcoin could become a point of contention, squeezing prices upward as demand outpaces supply.

Moreover, FTX creditor payouts, which are due to commence on May 30, 2025, for accounts over $50,000, will likely inject capital back into the market, providing further impetus for bullish momentum.

With several macro and micro catalysts aligning to support Bitcoin’s ascent, analysts at Matrixport see the cryptocurrency remaining in an uptrend through July, paving the way for a potential new all-time high during that period.

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