Bitcoin stands poised to achieve a potential record weekly close above $109,000 following an extraordinary rally that propelled its value from roughly $25,000 in late 2023 to over $119,000 by early 2025.
This surge represents a historic advance for the cryptocurrency, largely underpinned by favorable macroeconomic trends and expanding adoption, serving to solidify investor confidence.
Despite a recent retracement bringing the price down to approximately $109,231, analysts maintain a bullish outlook. The current momentum suggests potential further appreciation, targeting a level near $180,000.
The activity in the altcoin market has been comparatively restrained. Analysts observe that alternative cryptocurrencies (altcoins) have not yet fully captured the prevailing bullish sentiment, indicating a degree of investor caution.
Signaling strong institutional demand amid high prices, Bitcoin exchange-traded funds (ETFs) experienced record weekly inflows totaling $3.7 billion while Bitcoin traded above $121,000.