BITCOIN JUST CROSSED $125,600—COULD IT REALLY HIT $150K NEXT?

Bitcoin surged as Wall Street investors increased their holdings, reflected in the strong inflows into spot Bitcoin ETFs. Recent data shows that these ETFs have attracted over $60 billion in inflows, with their total assets rising to $164 billion. BlackRock’s IBIT ETF is leading the way, approaching the $100 billion mark, making it the fastest fund ever to reach that milestone and the company’s most profitable ETF. Other funds from Fidelity, Grayscale, and Ark Invest have also shown steady growth, highlighting the growing institutional interest in Bitcoin.

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Bitcoin’s recent rise has moved in step with gold, which has reached a new record high. Many investors, including those from major firms like BlackRock, now see Bitcoin as a kind of digital gold because its supply is limited and demand keeps growing. The positive momentum has also been boosted by strong activity in the options market.

According to SoSoValue data, call options on Bitcoin have reached a record $25.16 billion, compared to $11.2 billion in put options—showing that traders are mostly betting on higher prices.

Bitcoin’s surge also follows the Federal Reserve’s decision to cut interest rates in September. Historically, both Bitcoin and other risky assets perform better when interest rates fall. Expectations for more rate cuts have increased after recent weak job data and the ongoing U.S. government shutdown, giving investors even more reason to stay optimistic about Bitcoin’s future.

The weekly chart shows that Bitcoin is still trading above its 50-week and 100-week Exponential Moving Averages (EMAs)—a strong signal that buyers are in control. The coin has also broken above the upper boundary of its bullish flag pattern and is now trying to move past a key resistance level, known as the pivot point on the Murrey Math Lines indicator.

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If this upward momentum continues, Bitcoin’s price could climb toward the major resistance level at $150,000. A breakout above that point may open the door for a further rise toward $175,000. However, if the price falls below $112,500, it would weaken the current bullish outlook and suggest a possible short-term pullback.

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