Bitcoin Hits New All-Time High and Market Cap Milestone
Bitcoin (BTC) is steady around $124,000 on Monday after rising over 10% last week. On Sunday, BTC reached a new all-time high of $125,708. Its market capitalization surpassed $2.47 trillion. This value is now higher than major tech companies like Amazon and Meta Platforms. Strong demand from institutions supports this positive trend. Bitcoin spot Exchange Traded Funds (ETFs) saw $3.24 billion in weekly inflows, the largest since November. This shows growing confidence from investors.
Institutional Demand Drives Bitcoin Growth
Bitcoin’s price surge last week was backed by strong institutional buying. Data from SoSoValue shows spot Bitcoin ETFs had $3.24 billion in inflows by Friday. This was the highest weekly inflow in ten months. Increased ETF investments highlight rising interest from large investors.
Outlook for Bitcoin in Q4
CryptoQuant reports that bullish conditions for Bitcoin are likely to start in the fourth quarter (Q4) of 2025. The Bitcoin Bull Score Index has been between 40 and 50, similar to last year’s levels before a price rally. In Q4 2024, Bitcoin’s price rose from $70,000 to $100,000 after the index crossed 50. Historically, Q4 has been a strong period for Bitcoin’s price.
Bitcoin demand has been growing since July, with a monthly increase of 62,000. This rising demand is important for price rallies. Past data from Q4 2020, 2021, and 2024 show similar patterns before price gains.
Bitcoin Price Forecast and Technical Signals
Bitcoin closed last week at its highest weekly level of $123,482, gaining over 10%. On Monday, BTC trades near $124,000. If the upward trend continues, Bitcoin could reach the key $130,000 level.
The Relative Strength Index (RSI) on the weekly chart is 64, showing growing bullish momentum. The Moving Average Convergence Divergence (MACD) is close to a bullish crossover, indicating fading bearish pressure.
On the daily chart, Bitcoin broke above $120,000 last Thursday and hit $125,708 on Sunday. The daily RSI is 71, signaling strong bullish momentum. The MACD also showed a bullish crossover last week. Rising green histogram bars confirm the upward trend.
If Bitcoin corrects, support is expected near $120,000.
