Bitcoin poised for next breakout

Bitcoin’s record-shattering climb past the $125,000-mark last week has set the stage for what analysts describe as the most convincing bull phase since the 2021 boom — one driven not by hype but by deep-pocketed institutional capital, macroeconomic shifts, and growing political support for digital assets.

- Issac John

The cryptocurrency's ability to sustain gains despite intermittent profit-taking signals a structural evolution.

(FILE PHOTO)

After briefly consolidating near its new all-time high of around $125,245, Bitcoin remains on firm ground, with momentum building for another upward leg that could take it to $150,000 before the year ends.

The cryptocurrency’s ability to sustain gains despite intermittent profit-taking signals a structural evolution — from speculative instrument to a mainstream macro asset with expanding institutional relevance.

Nigel Green, chief executive of deVere Group, believes the current rally reflects a fundamental re-rating of Bitcoin’s role in global portfolios. “The price action reflects a deeper structural change in how investors view digital assets,” he said. “Bitcoin is no longer a speculative corner of the market; it’s being treated as a legitimate macro instrument. Institutional capital, treasury allocations, and sovereign interest are reshaping the market's depth and maturity.”