Bitcoin (BTC) Price Prediction: Bitcoin Eyes $123K Breakout After Satsuma‑Led Capital Injection

Bitcoin price continues to show signs of strength, with the world’s leading cryptocurrency trading above $115,000 in the latest market session.

The market appears to be gearing up for a potential breakout toward the $123K level, driven by robust technicals and deep-pocketed institutional moves—most notably from London-based Satsuma Technology, which recently closed a record-setting $218 million funding round, largely denominated in Bitcoin.

This development, combined with bullish signals on the charts and rising global investor interest, sets the stage for what analysts say could be Bitcoin’s next major leg upward.

Market Overview: Bitcoin Technical Analysis Hints at Ascending Triangle Breakout

From a technical analysis standpoint, Bitcoin has formed a bullish ascending triangle pattern with strong support at the 50-day simple moving average (SMA) near $112,860. This level has been repeatedly tested and held, reinforcing the idea of a bullish continuation.

The Relative Strength Index (RSI) has crossed above the 50 level and appears to be gaining momentum—a classic early sign of upward pressure. Currently, Bitcoin is hovering around $115,087, consolidating beneath the key resistance of $123,206.

Bitcoin (BTC) was trading at around $115,087, up 0.98% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

“A decisive close above $123K could ignite a rally toward $131K or even $138K,” noted independent crypto strategist Marco Silva. “Volume is starting to pick up, and if paired with a bullish engulfing candle, the stage is set.”

Key support remains around $111,995. A breakdown below this level could shift sentiment and trigger short-term selling, but most indicators suggest the bulls are in control.

Institutional Inflows Surge: Satsuma Bets Big on Bitcoin

The latest Bitcoin ETF news and corporate treasury moves have been instrumental in bolstering BTC’s outlook. Satsuma Technology — a decentralized AI infrastructure firm—made headlines this week after closing a $217.6 million convertible note round, with nearly $125 million settled directly in Bitcoin. The raise exceeded expectations by 63%, drawing participation from top names like Pantera Capital, Kraken, Blockchain.com, and major U.K. equity funds.

Satsuma Technologies has raised $217.6 million and expanded its Bitcoin treasury to 1,126 BTC with the recent addition of 1,097.29 BTC. Source: @BTCtreasuries via X

“This moment represents a landmark validation of our core belief: that fusing a Bitcoin-native treasury with decentralized AI is a paradigm shift in corporate value creation,” said Satsuma CEO Henry Elder.

The firm currently holds 1,126 BTC, acquired at an average price of $115,149, placing its current position just shy of breakeven. Despite a 14% dip in Satsuma’s stock post-announcement—likely due to short-term profit-taking—the move cements Bitcoin’s growing appeal as a corporate reserve asset.

This comes amid broader momentum: seven companies disclosed over $2.7 billion in planned Bitcoin purchases last week alone, part of a total of $7.8 billion in crypto treasury announcements globally.

Macro Trends & Halving Narrative: Bitcoin Eyes Long-Term Acceleration

Beyond the charts, macroeconomic tailwinds continue to favor Bitcoin’s long-term outlook. The U.S. Federal Reserve’s decision to hold rates steady, coupled with a surprising GDP beat and ongoing dollar weakness, has pushed investors to reconsider Bitcoin as a hedge against inflation and policy risk.

Despite current short positions on BTCUSD, the arrival of summer in the U.S. and Europe could set the stage for a stronger directional breakout ahead. Source: Rowland-Australia on TradingView

Meanwhile, excitement is slowly building for the upcoming Bitcoin halving in 2025, which historically precedes significant bull runs. The reduction in block rewards will tighten supply—a catalyst often cited by long-term holders and institutions alike.

“With halving just months away, the incentive to accumulate now is growing,” said Juno Markets analyst Sophie Chen. “Add in the recent ETF momentum, and the outlook becomes even more compelling.”

Expert Insights: Pension Funds and ETF Growth Reflect Structural Shift

In the U.S., the Michigan State Retirement System recently tripled its exposure to Bitcoin ETFs, adding 200,000 shares of the ARK 21Shares BTC ETF, now valued at $11.4 million. Though crypto still represents a small fraction of its $19 billion portfolio, analysts note that the Sharpe ratio of Bitcoin continues to attract risk-aware institutions.

On the other side of the globe, Japan’s SBI Holdings is preparing to launch the country’s first Bitcoin-XRP ETF, which could be listed on the Tokyo Stock Exchange pending regulatory approval. This move is expected to unlock crypto access for institutional investors in Asia, particularly if Japan’s Financial Services Agency reclassifies digital assets under a new legal framework.

Looking Ahead: BTC’s Next Move May Be Toward $123K and Beyond

As Bitcoin consolidates above $115,000 with an improving RSI indicator, supportive moving averages, and a wave of institutional inflows, the technical and fundamental cases for a $123,000 breakout are aligning.

Bitcoin is forming a triangle pattern inside a descending channel, with price testing the upper boundary—hinting at a potential breakout and upside move. Source: Jos-ProTrader on TradingView

The combination of corporate adoption, ETF expansions, and macroeconomic support is helping shape what could be a pivotal period for Bitcoin in Q3 and Q4 of 2025.

Finally, traders eyeing a breakout may consider entries above $115K with a stop below $113,800. Targets stretch toward $123K in the short term—and potentially $138K or higher if momentum builds.