Bitcoin Pulls Back to $121,800 After Record High: Is This Just a Breather Before the Next Leg Up?
August 15, 2025 · 12:00 AM
Bitcoin (BTC) reached a new all-time high of $124,400 on Thursday, driven by strong institutional demand, positive technical indicators, and supportive U.S. policies, pushing the overall crypto market cap to $4.18 trillion. Key technical breakouts and bullish momentum indicators suggest further potential for growth, with resistance projected near $126,870. Institutional interest remains high, with significant BTC holdings from companies like SpaceX and recent legislative support for crypto investments.
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