Bitcoin Extends Rally Above $125K Reaching New All Time High

Bitcoin continued its upward trajectory on Saturday, rising 2% in the past 24 hours to reach $125,000, its highest level ever recorded.

The move builds on a strong week in which the world’s largest cryptocurrency gained over 14%, reflecting renewed institutional interest and a tightening supply on exchanges.

ETF Inflows Continue to Drive Institutional Demand

Data from SoSoValue and CoinShares shows U.S. spot Bitcoin ETFs have seen five consecutive days of inflows, totaling nearly $3.2 billion this week. BlackRock’s iShares Bitcoin Trust led the surge, with daily net inflows surpassing $500 million, while Fidelity and Bitwise also recorded multi-hundred-million entries.

This renewed institutional appetite comes as global macro conditions stabilize, with investors increasingly treating Bitcoin as a hedge against fiscal uncertainty and U.S. dollar volatility. Analysts suggest the combination of falling real yields and consistent ETF demand is setting the stage for a potential Q4 rally similar to late 2024’s surge.

Technical Indicators Signal Strong Momentum

On the daily chart, Bitcoin has maintained a steady climb from $110,000 at the end of September to today’s $125,000, with minimal retracement. Momentum indicators such as the Relative Strength Index (RSI) remain below overbought levels, while moving averages continue to show bullish alignment.

Traders are eyeing $128,500 as the next key resistance level, with support forming around $122,000. A confirmed breakout above the current range could open the door toward $135,000 – a target echoed by multiple on-chain models.