At the beginning of 2025, Bitcoin shows impressive growth, exceeding $98,000 due to institutional adoption and promising technical signals.
Bitcoin Reaches a Key Moment in the Bull Market
On February 21, 2025, Bitcoin has remained above $98,000, marking its highest close in the last three weeks. According to Cointelegraph Markets Pro, the BTC/USD pair continues to rise, despite moderate volatility. This positive development is supported by favorable U.S. macroeconomic indicators, notably unemployment claims, which exceeded expectations with 219,000 applications. Technical analysts, including trader Patric H., identify the $100,000 mark as a crucial threshold to watch. Trader Roman considers $98,400 a significant pivot point, suggesting that a breakout above this level could lead to a rapid rise to $108,000.
A Supportive Institutional Context Despite Correction Risks
The institutional adoption of Bitcoin is accelerating, particularly with the increasing interest from central banks. The Czech National Bank plans to invest up to $7.3 billion in Bitcoin, which is about 5% of its reserves. According to André Dragosch, head of research at Bitwise, this purchase would equate to 5.3 months of Bitcoin’s newly mined supply. Ki Young Ju, CEO of CryptoQuant, maintains a bullish outlook even if there is a correction down to $77,000. His analysis reveals three strategic support levels: $89,000 as the average entry point for Bitcoin ETFs, $59,000 for the balance of Binance traders, and $57,000 marking miner profitability.
Bitcoin as a Mature Financial Asset
Bitcoin now stands as a mature financial asset, evolving alongside gold and stocks. As the market capitalization of gold surpasses $20 trillion, Bitcoin retains strong growth potential, supported by growing institutional recognition.
Bitcoin solidifies its position in the financial markets, acting as a powerful asset amid rising institutional interest and positive macroeconomic signals.
