BITCOIN’S $125K BREAKOUT · Is This the Real Cycle Top?Bitcoin / U.S. dollarBITSTAMP:BTCUSDTheCryptoFireFundamental analysis: Bitcoin just broke a new all-time high at $125,689, and unlike 2021, this move isn’t built on retail hype—it’s being driven by institutional force. Massive ETF inflows flipped the trend completely, with nearly $7 billion entering U.S. spot funds in a single week. At the same time, exchange reserves have dropped to a seven-year low, and public companies now hold over 4 percent of total supply. On-chain data shows that whales and corporates are accumulating, not trading, while stablecoin liquidity has surged by more than $6 billion, bringing fresh capital into crypto. Technical analysis: Bitcoin’s daily chart shows a textbook continuation of the long-term uptrend. After a mid-year consolidation, BTC broke decisively above the $120K–$123K resistance zone and is now establishing that range as support. The 50-day moving average remains well above the 200-day, maintaining a golden cross formation that signals sustained bullish momentum. Price action has stayed comfortably above both trend lines, confirming strong market structure. The next key resistance lies between $130K and $135K, followed by the major psychological target near $150K. On the downside, support sits around $114K, marking the line that would need to break to shift this trend. Momentum indicators continue to favor the bulls. The MACD is climbing after hitting its lowest point since March, hinting at renewed upward energy, while the RSI is stabilizing above 50—indicating balanced but positive momentum. The Fear & Greed Index currently reads 62 (Greed), up from 43 just a week ago, showing that investors are no longer skeptical. This time, market psychology is aligned with the charts: optimism is growing, not fading. Historically, Bitcoin tends to peak roughly 18 months after each halving. With the most recent halving in April 2024, that timing points squarely to late November 2025 for a potential cycle top, coinciding with the current trend line projection near $150K. Here is my recommendation: EP 1: $123,443 EP 2: $124,475 EP 3: $120,000 Target 1: $130,000 Target 2: $135,000 Target 3: $150,000 Best, The Crypto Fire