On August 11, 2025, $BTC Bitcoin continued its bullish trajectory, surging toward its all-time high. In early trading, $BTC BTC exceeded $122,000, approaching the mid-July peak of around $123,000.
Strong institutional interest has driven the rally, buoyed by a recent executive order from President Donald Trump enabling 401(k) retirement accounts to include cryptocurrency investments. This policy shift has unlocked significant inflow into digital asset funds. $BTC
Price Action & Volatility
Though Bitcoin spiked above $122,000, profit-taking caused a dip, with prices retreating to the $118,500–$119,000 range later in U.S. trading.
Drivers & Market Sentiment
Regulatory Tailwinds: The executive order easing crypto inclusion in retirement plans has energized markets, attracting substantial capital into Bitcoin and other digital assets.
Institutional Demand: Notable gains in crypto-related equities—such as MicroStrategy, Coinbase, and Robinhood—underscore renewed institutional optimism. MicroStrategy alone disclosed a modest purchase of 155 BTC last week, valued at $116,401 each, even as its share price jumped.
Upcoming Catalysts: The U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) reports loom large. Analysts suggest these could inject volatility, influencing both inflation expectations and Federal Reserve policy outlook.
Technical Outlook
Various technical indicators reflect strong bullish momentum:
TradingView data shows Bitcoin up around 5% over the past week, nearly doubling year-over-year, with a market cap around $2.37 trillion.
TipRanks technical analysis labels BTC a “Strong Buy”, with virtually all moving averages pointing to buy signals and a favorable MACD.
What to Watch Next
Inflation data: Tuesday’s CPI—or subsequent PPI—could significantly impact sentiment, either reinforcing the rally or triggering corrections.
Price Target Zones: Analysts suggest a potential breakout toward $130K–$134K, provided Bitcoin maintains support above $110K–$112K.
