- Bitcoin moved past $112K as more large firms directly added it to their holdings.
- Nvidia’s strong stock growth helped lift Bitcoin alongside broader tech markets.
- On-chain data showed fewer coins on exchanges and more long-term holding strength.
Not once or twice, it’s the third time BTC is hitting an ATH in the year 2025. Bitcoin has shattered its previous all-time high and soared to a new milestone of $112K. Fueled by rising institutional demand and a red-hot tech rally spearheaded by Nvidia, signaling renewed risk appetite in global markets. This highlights Bitcoin’s potential and the limitless possibilities that lie ahead for the broader cryptocurrency ecosystem.
As of press time, BTC hovered between $111,200 and $111,300, with a daily close of approximately $110,947.49, representing a 1.9% gain, according to Tradingview. The breakout from weeks-long price compression marks a critical psychological milestone and points to shifting investor behavior amid evolving macroeconomic forces.
Technical Setup Signals Short-Term Strength, Long-Term Uncertainty
Bitcoin is trading within a rising wedge, a technical pattern that often signals eventual price reversals. The cryptocurrency maintains a position above the 9-day simple moving average, recorded at $109,289, indicating short-term strength. Key resistance emerged around $112,035, aligning with Fibonacci level 0.0, suggesting firm selling pressure near the top.
Source: Tradingview
On the downside, there was a rounded bottom formation at the level of 98,240 that corresponded to the Fibonacci level 1.0, the sign of the bullish accumulation, which preceded the breakout. Hence, other retracement areas comprise $105,137 at the 0.5 Fib, $94,488 at the 1.272 Fib, and $89,715 at the 1.618 Fib, and all these may act as support in case the upward swing fails to carry that way.
MACD puts the present sentiment into perspective. The MACD is 1,246, which crosses above the signal line 922, and the histogram shows 324 in green. This arrangement implies that there is a growth in purchasing strength, and an upward trend is observed, provided the purchasing pressure exists in the following sessions.
Rally Anchored by Nvidia and Institutional Accumulation
The biggest driver in the token en route is attributed to the aggressive run-up in tech stocks, with Nvidia, whose market cap rose to nearly $4 trillion. The performance of the chipmaker not only boosted indices but also had a strong impact on crypto-related assets.
Partially, the reason for the rally can be attributed to the accumulation strategies of large institutions either through ETFs or by adding it to the balance sheet. Recent data show a rise from the corporate sector in Bitcoin acquisitions in the second quarter. Over 4% of the total BTC supply is accumulated by large corporates as strategic reserves. Additionally, the continuing relation between Bitcoin and the Nasdaq—coming towards 0.87—further connects the rally to traditional market behavior, amplifying BTC’s role as a macro-correlated risk asset.
Macro Forces and On-Chain Metrics Add Fuel to the Fire
In parallel with the tech-led rally, broader macroeconomic signals further supported Bitcoin’s ascent. Investors anticipate rate cuts by the Federal Reserve, pushing traditional markets into risk-on territory. Looking also at a more regulatory point of view, the GENIUS Act, a U.S. legislative proposal targeting stablecoin clarity, is viewed as a regulatory step that fosters institutional crypto entry.
Related: BTC Breaks ATH For Second Time in 2025, Sets New Record
This change is proven by on-chain indicators: the reserves of exchanges are decreasing, buyers are building up, and long-term holders do not indicate any willingness to distribute. These supply-side limitations, in tandem with rising demand, enhance the subsequent possibilities of a long-term appreciation in prices. Tech stocks are surging, public firms keep on Bitcoin to treasuries, and macro tailwinds are aligning. Do all these indicate that BTC is entering a supercycle or approaching overheated territory primed for correction? It remains a crucial factor for traders to think about.
