$125,000 BTC by the Close of July? Polymarket Bets Indicate Affirmative

Everyone purchases BTC ▼-0.06% at its rightful value, and Polymarket soon anticipates it will hit $125,000.

A majority now supports BTC to exceed $125,000 before the end of July; another indication that both institutional and retail enthusiasm is outpacing prudence as crypto regulations develop in D.C.

Current odds indicate 36% are wagering on a $125K surge, while optimism for even higher peaks wanes quickly: only 11% are betting on $130K being achievable, with merely 3% aiming for $140K and just 1% holding out for $150K. Here’s what the technical analysis suggests if BTC rises to $125,000:

Trump Endorses Pro-Crypto Legislation as Crypto market Momentum Grows

This crypto market enthusiasm follows a series of legislative wins for the crypto industry. On Friday, President Donald Trump enacted the GENIUS Act, establishing the first significant federal framework for stablecoins. The House also progressed the CLARITY Act and Anti-CBDC Act, marking what Republicans termed “Crypto Week” in Washington.

Speaker Mike Johnson reiterated the administration’s strong price floor for the digital asset sector:

“The CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act fulfill President Trump’s vision to position crypto as a central element of the U.S. economy.” – Mike Johnson via X

Despite the buzz, Bitcoin is displaying some worrying signs of weakness. After rebounding from the $117,000 mark, we are observing a potential double top pattern beginning to manifest. Definitely a situation to monitor closely.

• The 20-day SMA has crossed below the 200-day SMA, indicating a classic death cross (which is slowly reversing).

• Bollinger Bands are narrowing after a turbulent period, suggesting a larger movement may be imminent.

• No clear bullish pattern is emerging—on the contrary, the market fluctuation and MACD divergence indicate uncertainty or building pessimistic pressure.

Trump may have injected the trading market with significant clarity and bullish update, but from a technical analysis perspective, BTC appears somewhat unstable unless bulls strongly defend the $117K level.

Polymarket Plans U.S. Comeback Following $112M QCX Acquisition

In a related development, Polymarket disclosed a $112 million acquisition of QCX, a derivatives trading platform regulated in the U.S., aiming to reestablish its presence in the American trading market. This decision follows the conclusion of DOJ and CFTC investigations, which had previously limited the platform’s operations in the U.S.

“We are establishing the groundwork to bring Polymarket back home,” stated founder and CEO Shayne Coplan in a Monday press release.

With regulation secured, Polymarket may evolve beyond merely a VPN sideshow. This could signal the onset of a new digital Las Vegas.

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