Bitcoin has once again taken the spotlight after smashing past $118,000 in a powerful overnight rally, catching much of the market off guard.
The world’s largest cryptocurrency surged more than 6% in under 24 hours, setting a new all-time high at $118,403 before pulling back slightly.
This explosive movement sparked reactions across the crypto world, particularly among Bitcoin’s most vocal supporters. Many are pointing to mounting demand and dwindling supply as the real story behind the surge.
Some investors now find themselves on the wrong side of the trade, with prominent figures in the space suggesting that those who sold during previous dips may soon regret it. For Bitcoin advocates, this is not just another rally—it’s a glimpse into what they believe is a larger structural trend driven by institutional accumulation.
Bitcoin evangelist Samson Mow highlighted that the asset is quickly becoming scarce, warning that current prices under $200,000 might soon be a thing of the past. Mow pointed to increasing purchases from ETFs, corporate treasuries, and long-term holders as reasons why supply is tightening faster than many expected.
The recent price action has also reignited talk about Mow’s concept of the “Omega candle”—a powerful candlestick move that signals major momentum. While the recent spike may not match past parabolic bursts in scale, it reinforces the growing sense that Bitcoin is entering a new phase of aggressive price discovery.
Mow’s long-standing view that Bitcoin could reach $1 million is being echoed with renewed confidence among maximalists, especially as the market shrugs off resistance levels once considered unreachable.
With institutional demand accelerating and retail investors scrambling to keep up, some now wonder whether Bitcoin’s next leg could come sooner than expected. As prices climb, so too does the urgency: for those watching from the sidelines, the opportunity to buy in below six figures may be closing faster than anticipated.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-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 approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/not-enough-bitcoin-for-everyone-says-samson-mow-after-new-ath/