Bitcoin Breakout: Institutions Fuel Rally to $335K
Bitcoin eyes a breakout above its all-time high as it reclaims key levels amid rising institutional demand and technical signals of a parabolic rally. Year-to-date, Bitcoin has risen 16.8%, adding over 2% in June. It recently climbed back above $108,000, trading around $109,000.
Corporate treasuries are boosting Bitcoin holdings. The Blockchain Group raised €10.7M to add 116 BTC to its treasury. Japan’s Metaplanet increased reserves to 15,555 BTC and plans 30,000 BTC by year-end. The UK’s Smarter Web Company reached 1,000 BTC.
Crypto analyst Merlijn The Trader charts a three-phase bull cycle mirroring 2017 and 2021. A final parabolic leg could drive Bitcoin toward a conservative $150,000 target or as high as $335,000 by 2025. Traders should watch for a decisive breakout above $110,000 to confirm this next rally phase.
Bullish
This consolidated news highlights rising institutional demand and bullish technical patterns, pointing to positive price momentum for Bitcoin. In the short term, corporate buying and a reclaim of key levels above $108,000 support a breakout attempt above the previous all-time high at $110,000. Confirmation of this move could trigger increased trading activity and push prices into the parabolic zone. In the long term, the three-phase cycle analysis and parabolic target range up to $335,000 by 2025 provide a framework for sustained upside potential. Together, these factors suggest a bullish outlook for Bitcoin’s market.