Bitcoin (BTC) has achieved a historic milestone by reaching a new all-time high of $123,091, officially becoming the world’s fifth-largest asset by market capitalization at $2.4 trillion.
The cryptocurrency has now surpassed Amazon’s $2.3 trillion valuation, silver’s $2.2 trillion, and Google’s $2.19 trillion, positioning itself just $730 million shy of tech giant Apple.
Source: CompaniesmarketcapThis remarkable ascent comes amid massive institutional adoption, with over 265 companies now holding Bitcoin on their balance sheets, doubling from 124 companies since June 5th.
The latest surge liquidated $1.3 billion in short positions within 60 seconds as Bitcoin skipped past $120,000 and rocketed directly to $121,000.
US spot Bitcoin ETFs maintained their seven-day buying streak, amassing over $1 billion in net positive inflows on Friday alone.
Corporate treasuries now hold 3.5 million Bitcoin, with 853,000 BTC representing 4% of the total supply in public company coffers.
Seven-Year Trendline Break Signals Historic Acceleration
Bitcoin’s technical structure reveals a monumental shift as the cryptocurrency broke above a seven-year trendline on the monthly chart, representing resistance that contained every bull market top since 2018.
This breakthrough coincides with Bitcoin achieving its highest daily and weekly closes simultaneously in history.
Source: Crypto Rover on XThe lack of significant upper wicks during recent rallies confirms sustained buying pressure across multiple timeframes.
The weekly logarithmic chart maintains Bitcoin’s adherence to a powerful exponential growth curve intact since 2023.
Current price action trades within an ascending channel with projections extending toward $200,000+ by December 2025.
The mathematical progression has remained consistent across multiple cycles, with successive bull markets reaching exponentially higher peaks.
Bitcoin Price Discovery Mode Targets $135,000-$140,000
Immediate resistance sits at $125,000, which market momentum suggests could be reached within days based on current trajectory.
Above $120,000, liquidity maps show significant air gaps between current levels and $135,000-$140,000 targets.
The 2024 breakout playbook indicates similar weekly moves historically opened doors for 50% rallies.
Key support clusters around $115,500-$116,500 represent potential retest zones if profit-taking emerges.
This cycle’s largest correction remains only 23.48%, well below previous bull market corrections ranging from 29-40%.
Any dips would be structurally clean rather than trend-breaking events.
BTC Hyper: Scaling Bitcoin for the $1 Million Era
As Bitcoin approaches massive valuations, potentially reaching $1 million according to various models, transaction fees and network congestion become critical bottlenecks for widespread adoption.
BTC Hyper addresses these limitations through an innovative Layer-2 architecture built on the Solana Virtual Machine.
It enables instant, low-cost Bitcoin transactions while unlocking DeFi capabilities previously unavailable to BTC holders.
The $HYPER token presale has raised over $2.7 million, offering early investors high APY staking rewards ahead of the Q3/Q4 2025 mainnet launch.
Unlike holding static Bitcoin positions, BTC Hyper enables users to bridge their BTC holdings and access yield-generating opportunities through DeFi platforms, NFT marketplaces, and gaming applications.
As Bitcoin potentially reaches $200,000+ targets, network fees could price out smaller transactions, making Layer-2 solutions essential for everyday Bitcoin usage.
Early HYPER adopters position themselves for both Bitcoin’s continued appreciation and the infrastructure layer enabling its mainstream adoption.
With major exchange listings planned post-mainnet launch, the $HYPER presale targeting $11 million mark presents an opportunity for early accumulation.
You can take part in the presale by visiting the official Bitcoin Hyper website here.
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