Bitcoin Sees New All-Time Highs as US Crypto Legislation and Institutional Demand Drive Momentum
Bitcoin reached an all-time high of $123,218 this week, spurred by high institutional inflows and increasing regulatory clarity in the United States. The price then stabilized at $118,000, buoyed by $2.02 billion inflows in spot Bitcoin ETFs and the clearing of major crypto-related bills—GENIUS, CLARITY, and Anti-CBDC—by the US House of Representatives. These events, and news of an imminent executive order permitting crypto investments in 401(k) plans, have been encouraging investors. With some preliminary indications of cooling momentum, Bitcoin is still likely to retest its all-time highs in the days ahead. KEY LOOKOUTS • Look for a daily close above $120,000, which would indicate a break above recent all-time high of $123,218. • Watch for the eventual signing of the GENIUS, CLARITY, and Anti-CBDC bills by President Trump, potentially further fueling market sentiment. • Ongoing ETF inflows and corporate treasury buys are still main drivers of bullish momentum. • RSI close to overbought and a declining MACD histogram point to possible short-term consolidation or pullback. Bitcoin has been impressively resilient this week, hitting a new all-time high of $123,218 before consolidating near $118,000. This boom has been driven by institutional and corporate buying, with spot Bitcoin ETFs witnessing inflows of over $2 billion. Contributing to the positive mood, the US House approved significant crypto legislation—GENIUS, CLARITY, and Anti-CBDC bills—to pave the way for more transparent regulations for digital assets. With the market waiting for President Trump’s ultimate approval and the possible executive order permitting crypto in 401(k)s, investor optimism continues to be robust, setting up Bitcoin for another breakout in the near future. Bitcoin set an all-time high price of $123,218 this week underpinned by robust institutional inflows and US regulatory advancements. The price now ranges near $118,000 as markets anticipate additional policy news. A breakout above $120,000 may initiate a fresh rally. • Bitcoin set an all-time high price of $123,218 at the start of the week. • Price stabilized around $118,000 on Friday, indicating robust support. • Spot Bitcoin ETFs saw $2.02 billion inflows as of Thursday. • US House passed GENIUS, CLARITY, and Anti-CBDC crypto bills. • President Trump will reportedly sign an executive order permitting crypto in 401(k) plans. • Institutional demand continues to be strong, with 64 new BTC treasury company initiatives initiated in 2025. • Technical metrics reflect bullish momentum, but room for short-term pullback exists. Bitcoin’s rally continued this week as it moved to a new all-time high, propelled by increasing interest from institutional investors and major regulatory breakthroughs in the US. The passing of three landmark crypto bills—GENIUS, CLARITY, and Anti-CBDC—by the US House of Representatives was a historic move toward creating a clear and friendly framework for digital assets. These legislative moves are intended to protect investors, bring clarity to regulation, and stimulate greater use of cryptocurrencies in the US financial system. BITCOIN DAILY PRICE CHART SOURCE: TradingView Institutional demand continued to build, reflected in more than $2 billion in spot Bitcoin ETF inflows this week alone. Besides, several corporations, among them prominent ones like Softbank, Bitfinex (XXI), and Trump Media & Technology Group, introduced BTC treasury programs in 2025. Reports also suggest that President Trump will possibly sign an executive order permitting crypto investments in retirement accounts such as 401(k)s. Combined, these moves portend a robust shift in the perception of digital assets and their adoption into mainstream finance, underscoring a bullish long-term view on Bitcoin. TECHNICAL ANALYSIS Bitcoin started the week off on a very strong footing, recording a fresh all-time high of $123,218 before falling back to $115,736 mid-week and subsequently rebounding to some $118,850. The Relative Strength Index (RSI) stands at close to 69, below the overbought threshold of 70, suggesting a respite in bullish momentum and possible trader indecision. At the same time, the MACD is still positive after a late-June crossover, but the diminishing green histogram bars indicate slowing momentum. A sustained close above $120,000 could revive bullish mood, or a failure to maintain current levels might lead to a near-term dip. FORECAST If Bitcoin is able to close above the $120,000 level on a daily basis, it has the potential to spark renewed bullish momentum and set the stage for a retest of the recent all-time high at $123,218. A decisive breakout above this level can result in price discovery, with targets stretching to $125,000 and higher, fueled by ongoing institutional inflows and favorable regulatory news. Heavy backing from future legislation and general market optimism may prove to be a catalyst for continued gains in the weeks ahead. On the negative side, should Bitcoin lose the grip above $118,000, there is a risk of a pullback to the $115,000–$113,000 zone of support. The RSI close to overbought signals the weakening momentum, and any indication of ETF slow-down in inflows or regulatory delay may prompt profit-taking. Short-term corrections should also be watched out for, particularly should macroeconomic uncertainty or unexpected market changes temper risk appetite.