Bitcoin Looks Ready to Break Out – Are the Bulls Back in Control?

Fifteen years ago, someone paid 10,000 BTC for two pizzas. That moment marked the first time Bitcoin was used in the real world. Today, those same coins would be worth over $1 billion.

Bitcoin is gaining confidence

Bitcoin is moving higher with confidence. On the weekly and daily charts, signs are pointing in a strong, positive direction. Key indicators say buyers are still in charge, even though things are starting to look a little overheated.

The price is above all major moving averages — a good sign for the longer term. Bitcoin is currently trading above $109,000, surpassing its all-time high. On the downside, support sits around $101,000, with $100,000 acting as a big psychological level for traders and investors.

Now, Bitcoin is just 5% away from setting a new record. This recent surge from $84,000 has sparked fresh excitement and may be more than just another short-term rally. Big players are paying attention, and the conversation is changing.

What’s fueling Bitcoin’s climb?

Institutions are jumping in

Major firms like JP Morgan and Fidelity are showing stronger support for Bitcoin. They see it not just as digital gold, but as something even more powerful — an asset that can perform in both good and bad times. 

As companies update how they manage money, many are rethinking their payment systems—looking for ways to securely handle both digital assets and traditional payment methods. For some, that means using flexible, hybrid gateways that can adapt to different regulations around the world.

ETF Inflows

Bitcoin exchange-traded funds (ETFs) are attracting more money than gold ETFs — a clear sign that investors are serious. Over $7.5 billion has flowed into digital assets so far this year, and Bitcoin is becoming part of mainstream investing.

Weakness in fiat, strength in crypto

As trust in traditional money systems slips, especially after recent warnings about U.S. debt, Bitcoin’s appeal grows. Its fixed supply and global reach are starting to matter more to investors looking for safer alternatives.