From Darknet Currency to Wall Street's Favorite
According to Ryan Li, Chief Analyst at Bitget Research, the breakout above the psychological $123,000 barrier marks a historic shift in Bitcoin’s trajectory. What was once a fringe digital currency is now being embraced by institutions, with $2.5 billion in weekly inflows into spot ETFs and aggressive accumulation by companies like MicroStrategy signaling strong, coordinated buying pressure.
“The macro backdrop is fueling the fire,” notes Li. “Expectations of a Fed rate cut in September and a weakening US dollar—currently 6.5 points below its 200-day DXY moving average—are reinforcing Bitcoin’s bullish momentum.”
BTC to $150,000 by Q3? The Roadmap
Analysts increasingly view the $150,000 level as a realistic target for BTC in Q3 2025, especially as supply constraints and institutional demand intensify. A declining exchange reserve of BTC and strong ETF flows are key pillars of support, providing structural backing to the current rally.
Short-Term Risks Remain
Despite the optimism, Li warns this is not a one-way street. “Profit-taking, speculative leverage, and geopolitical shocks could trigger short-term corrections,” he explains. In such a case, BTC might consolidate in the $105,000–$115,000 range before resuming its upward trajectory.
Traders are advised to closely monitor ETF flow data and macro policy shifts, as regulatory developments and sentiment may prove as critical as the next halving in shaping the trajectory of this cycle.
Outlook Summary
- Short-Term Support: $115,000 / $105,000
- Next Resistance: $125,000 / $135,000
- Weekly Forecast: Bullish bias with high volatility
- Target for Q3 2025: $150,000