Bitcoin may be gearing up for another explosive move, as investors grow increasingly confident that a breakout is on the horizon.
Though the cryptocurrency has spent much of the past quarter moving sideways, underlying demand and broader market dynamics suggest the tide may be turning.
While BTC added nearly 30% in Q2, the rally has cooled, with price action confined to a narrow band over the past three months. Still, Bitcoin has managed to stay above $100,000 since early May, and today trades near $108,000—just shy of its record peak. Many market watchers believe the real momentum is only just beginning.
Fueling this sentiment is a noticeable uptick in institutional involvement. From growing ETF inflows to corporate treasuries quietly accumulating, large players are making their presence felt. Devin Ryan from Citizens Bank points to a surge in strategic positioning by both individual and institutional investors, with ETFs continuing to see strong engagement.
At the same time, a new breed of Bitcoin-focused companies is raising capital through reverse mergers and public listings. Firms like Nakamoto and Twenty One are reportedly holding off on major buys until pending regulatory greenlights come through. According to Nakamoto’s Steven Lubka, significant funds are still waiting on the sidelines.
Supportive macro forces could further energize Bitcoin’s trajectory. As U.S. markets hit record highs and the prospect of additional fiscal stimulus looms, crypto appears increasingly attractive. Lubka also highlights the growing “financialization” of Bitcoin, with regulatory attitudes shifting in its favor.
Standard Chartered’s Geoff Kendrick adds that legislative efforts, such as the GENIUS Act targeting stablecoins, could help clarify the landscape and boost retail interest. He also notes that a potential change in Fed leadership could accelerate rate cut expectations—yet another tailwind for digital assets.
While some investors remain cautious about Bitcoin’s four-year halving cycles, Kendrick suggests that this time institutional capital might dampen the typical post-halving decline. His team sees Bitcoin potentially reaching $135,000 in Q3 and topping $200,000 by the end of the year.
After months of consolidation, Bitcoin’s next move may finally be taking shape—one driven less by retail frenzy and more by deep-pocketed conviction.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/bitcoin-bulls-target-new-highs-as-institutional-momentum-builds/