Bitcoin hit a new all-time high of $125,700, signaling potential gains to $150k+. Analysts predict further highs this week, with minor pullbacks to $108-118k. The surge is attributed to factors like the US government shutdown and Bitcoin being seen as a safe haven amid a depreciating dollar. BTC’s record high coincides with the USD’s worst performance in decades.

The recent ATH for Bitcoin was driven by spot ETF flows, not digital asset treasuries or derivatives trading. Spot Bitcoin ETFs in the US saw $3.2 billion in inflows last week, the second-best week since launch. This, combined with bullish seasonality, could lead to another rally this month.

Analysts and traders are optimistic about Bitcoin’s future, with predictions of quick moves to $150k following the recent surge to $125k. Factors like bullish seasonality and ETF inflows contribute to the positive outlook for BTC. Charles Edwards forecasts a rapid move to $150k after breaking above $120k.

Read more at Cointelegraph: Analysts Eye Rally to $150k After Record Bitcoin High