August 11, 2025 – Bitcoin Eyes $123K Breakout as the world’s largest cryptocurrency surged past $122,000, just shy of its all-time high of $123,091 set in July.
Strong institutional inflows, macroeconomic optimism, and growing interest from Indian investors fuel the rally.
According to Analytics Insight, Bitcoin’s momentum is being driven by spot ETF demand, particularly BlackRock’s IBIT, which saw $281 million in inflows last week.
Shivam Thakral, CEO of BuyUcoin, noted, “Bitcoin may face resistance at $124,000 with immediate support at $120,000. The overall sentiment looks positive with indicators of a fresh rally in the coming weeks.”
Indian Sentiment & U.S. Rate Cuts Could Push BTC Higher
Indian crypto traders are watching closely as Bitcoin eyes a $123K breakout. Sathvik Vishwanath, CEO of Unocoin, highlighted that “spot demand remains strong” and a breakout above $124,000 could pave the way for new record highs.
Meanwhile, expectations of three U.S. Federal Reserve rate cuts in 2025 are fueling the fire. Lower interest rates typically boost risk assets like Bitcoin.
If inflation softens, BTC could rally toward $148,000, according to the CoinSwitch Markets Desk.
ETF Inflows and Macro Tailwinds Support the Rally
Bitcoin Eyes $123K Breakout amid a wave of institutional buying. BlackRock’s IBIT ETF is leading the charge, with tight price tracking and strong liquidity. This builds investor confidence and reduces market supply.
Additionally, President Trump’s executive order allowing 401(k) retirement plans to invest in crypto has opened the door to trillions in potential capital.
Michael Heinrich of 0G Labs said this move could “unlock transformative growth for Bitcoin.”
What’s Next for Bitcoin?
With Bitcoin Eyes $123K Breakout, traders are watching for a decisive move above resistance.
If successful, BTC could enter uncharted territory, attracting more retail and institutional interest. The crypto market cap has already topped $4 trillion, signaling broad momentum.
As Shivam Thakral puts it, “This rally is not only about price, it’s about Bitcoin’s growing status as a mainstream financial asset.”
