After Bitcoin breaks through key resistance levels (such as $88,000), bullish signals such as a daily golden cross and reduced miner selling appear on the technical front. Long-term holders account for over 65%, and the balance on exchanges continues to decline, indicating reduced selling pressure.

Some analysts believe we are currently in the mid-stage of a bull market, with a target range of $150,000 to $200,000. Institutions like BlackRock have exceeded 400,000 Bitcoins in holdings, and the United States plans to establish a strategic Bitcoin reserve, while countries like the Czech Republic and El Salvador are exploring Bitcoin foreign exchange reserve allocation. The influx of institutional funds and policy endorsements have boosted market confidence, with some institutions predicting that prices could challenge $150,000 to $200,000 by 2025.