Key Takeaways
- Bitcoin ended the week above $106,000, marking its strongest weekly close on record.
- U.S. spot Bitcoin ETFs saw $608 million in net inflows last week, led by BlackRock’s IBIT.
- Analysts using a “power curve” model tied to gold forecast Bitcoin could peak at $250,000 in 2025.
Bitcoin (BTC) just logged its best weekly close in history, ending above $106,000 and closing the gap to its all-time high.
The rally caps off a growing shift in investor sentiment, as capital continues to rotate out of traditional safe havens like gold and into digital assets.
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Bitcoin Closes Its Strongest Week Ever
Much of the momentum is being driven by record-setting inflows into spot Bitcoin ETFs , especially in the U.S.
Last week alone, these funds attracted $608 million in net inflows, led by BlackRock’s iShares Bitcoin Trust, which brought in over $840 million—more than the rest of the market combined.
Bitcoin briefly touched $107,000 on Sunday before easing to around $104,500. The 2% gap between its current price and January’s $109,500 peak has bulls eyeing a breakout.
Institutional Buying Accelerates
Corporate accumulation isn’t slowing down either. Strategy, the world’s largest publicly traded holder of Bitcoin, added another 13,390 BTC last week, worth roughly $1.3 billion, bringing its total to 568,840 BTC.
With miners expected to generate only 165,000 new BTC in all of 2025, public companies are now absorbing far more than the network can produce.
Some analysts see this growing supply-demand imbalance as a key driver toward the next psychological target, $200,000.
That bullish sentiment comes despite high volatility.
The latest price action triggered around $567 million in crypto liquidations, impacting nearly 135,000 traders in the last 24 hours alone. The largest was an $8.2 million ETH-USDT position on HTX.
Technicals Show Strength Across All Timeframes
Bitcoin is trading within a rising trend channel in the short term, signaling growing investor optimism and potential for further gains.
It’s currently testing resistance at $104,000, which could trigger a pullback. However, a breakout above this level would be a positive signal.
The RSI is above 70, reflecting strong momentum, though such levels can also indicate overbought conditions and the risk of a short-term correction. Overall, Bitcoin is assessed as slightly positive in the short term.
BTC continues to show strong performance within a rising trend channel in the medium term. It’s now testing resistance at $105,500.
A breakout would confirm strength, but the RSI diverges negatively, suggesting possible downside risk. The medium-term outlook remains slightly positive.
Over the long term, Bitcoin remains within a rising trend channel, testing resistance near $106,000. While a pullback is possible, a breakout would be a bullish signal. The long-term technical assessment is also slightly positive.
Gold Out, Bitcoin In
As gold struggles to hold its highs, after briefly touching $3,500/oz earlier this year, some analysts are looking to Bitcoin to fill that store-of-value vacuum.
A “power curve” model that compares BTC’s market cap to ounces of gold suggests BTC could hit between $220,000 and $250,000 in this cycle.
Assuming Bitcoin captures half of gold’s market cap, other scenario-based projections will go as high as $920,000 by 2030.
While those targets are far from guaranteed, the logic is consistent: Bitcoin’s fixed supply and growing demand are driving structural price pressure.
As capital rotates out of legacy assets and into decentralized alternatives, BTC appears well-positioned to benefit, especially in a year already full of ETF tailwinds, halving dynamics, and mounting institutional interest.
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