Cryptocurrency analyst and trader Ali Martinez, known on the X social media platform as @Ali_Charts, believes that Bitcoin, the world’s flagship cryptocurrency, could soar far higher than its most recent history.
Analysts have published an X post with a Bitcoin chart attached to it, showing how BTC can reach $131,200.
“Bitcoin could march towards $131,200.”
According to Martinez, Bitcoin could continue to rise, reaching $131,200 if it can maintain its critical support level formed at $117,400.
This conclusion is based on trendlines in technical analysis since the beginning of July. What’s more, the 2.33% growth recorded by Bitcoin today on July 22nd adds to the analyst story. The previous day, BTC traded at $116,620, but now it has changed hands slightly above the $119,300 level.
Bitcoin $BTC could march towards $131,200 as long as $117,400 is held in support! pic.twitter.com/dst2ru6v02
– Ali (@Ali_Charts) July 22, 2025
SpaceX transfers Bitcoin after 3 years of holding
Today, the Crypto community was intrigued by the news that Elon Musk’s spacecraft company SpaceX had its first Bitcoin transfer three years after keeping BTC inactive.
According to Arkham, SpaceX made a big on-chain move three years later. Today, at 13:09 (UTC+8), SpaceX sign address 15OKQ7 … I7JF1G has transferred 1,308 BTC (worth about $153 million) to an unsigned address: BC1Q8K … Phartf. The last outbound transfer from…
– WU Blockchain (@wublockchain) July 22, 2025
According to the Arkham Intelligence On-Chain Data Aggregator, SpaceX forwarded 1,308 BTC worth approximately $153 million, targeting the anonymous address “BC1Q8K … Phartf.”
The last Bitcoin transfer made by Musk’s SpaceX was noted on June 10th, 2022. At the time, the company sent 3,505 BTC (worth around $122 million at the time) to Coinbase, the largest cryptocurrency exchange in the United States. SpaceX currently owns 6,977 BTC, totaling about $815 million.
