Bitcoin has once again rewritten the record books, soaring to a new all-time high of *$109,800* on Wednesday, surpassing its previous peak of $109,588 from January 20. This milestone marks the *second* time BTC has reached a fresh high in 2025, highlighting the resilience of the world’s largest cryptocurrency.
*What’s Driving Bitcoin’s Surge?*
The dramatic 47% price recovery from April’s low below $75,000 can be attributed to several key factors:
✅ *ETF Inflows:* Spot Bitcoin ETFs have seen an impressive *$7.4 billion* in net inflows over the past five weeks, fueling institutional accumulation.
✅ *Market Sentiment Shift:* After facing bearish pressure from geopolitical tensions—specifically U.S. tariff threats—BTC rebounded as trade agreements eased uncertainty.
✅ *Institutional Holdings:* Financial intelligence firm *Strategy* expanded its Bitcoin treasury to *576,230 BTC*, further solidifying institutional confidence.
*Technical Indicators: A Golden Cross Ahead?*
Bitcoin’s rally has pushed *RSI and Stochastic Oscillator* into overbought zones, signaling strong bullish momentum but also cautioning traders of a possible pullback.
One of the most promising signs? The *50-day SMA* is nearing a *golden cross—a technical pattern where the 50-day moving average rises above the **200-day SMA. If confirmed, this could spark another wave of buying pressure, setting the stage for Bitcoin’s next **psychological milestone at $120,000*.
*Altcoins Join the Party*
The bullish sentiment isn’t limited to Bitcoin. Top altcoins like *Ethereum (ETH), XRP, and Solana (SOL)* are also witnessing upward momentum, reflecting broader optimism across the crypto market.
*The Road Ahead: Will Bitcoin Hit $120,000?*
With strong institutional backing, positive macroeconomic signals, and technical indicators favoring continued gains, Bitcoin’s journey toward *$120,000* is closer than ever. However, traders should stay alert to potential short-term corrections before another leg higher.
