The post Bitcoin (BTC) Poised for $124K Surge Amid Institutional Demand and Market Optimism appeared on BitcoinEthereumNews.com.

Iris Coleman
Oct 28, 2025 06:20

Bitcoin is experiencing a bullish trend fueled by institutional interest and trade optimism, with BTC prices eyeing a potential breakout to $124,000.

Bitcoin (BTC) is riding a bullish wave, with its price surpassing $115,000 as institutional demand and global trade optimism bolster investor confidence. Market analysts now predict a potential surge to $124,000, according to Cryptonews. Institutional Demand Fuels Bitcoin’s Rise One significant factor in Bitcoin’s upward trajectory is the increasing institutional interest in the cryptocurrency. Crypto lender Ledn has issued over $1 billion in Bitcoin-backed loans this year alone, highlighting a growing trend among investors to leverage BTC as collateral rather than selling it during market upswings. This marks a significant milestone for Ledn, which has disbursed a total of $2.8 billion in BTC loans since its inception. Global Markets React to Trade Optimism The global market sentiment has been buoyed by renewed optimism over a potential trade agreement between the United States and China. This has led to a weakening of the US dollar against major currencies, such as the euro and yuan. President Donald Trump hinted at an imminent deal, which has further fueled market optimism and reduced the demand for the dollar as a safe-haven asset. American BTC Expands Holdings In another striking development, American Bitcoin, a company linked to Eric Trump and Donald Trump Jr., has expanded its BTC holdings to 3,865 BTC, valued at $445 million. This acquisition includes an additional 1,414 BTC, reflecting the company’s long-term confidence in Bitcoin’s potential as a store of value. Technical Analysis: Bitcoin Targets $124K Technical indicators suggest that Bitcoin is poised for further gains. Currently trading around $114,572, BTC has rebounded from a support level of $108,600. Analysts point to a possible breakout…

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Filed under: News - @ October 28, 2025 6:29 am