The Bitcoin price looks primed for another surge toward fresh all-time highs as institutional investors have poured approximately $86 billion into cryptocurrency acquisitions, with nearly half of this capital ($43 billion) mobilized since June alone, according to data referenced by The Wall Street Journal.
Leading this institutional charge is Strategy (formerly MicroStrategy Inc.), the company that initiated the corporate Bitcoin accumulation movement in 2020.
Throughout this year, the firm has secured over $10 billion in funding specifically to expand its Bitcoin treasury.
With Bitcoin currently trading at $119,046 and daily volume exceeding $60 billion, market observers anticipate that this institutional capital influx could catalyze an “Institutional Supercycle.”
Bitcoin Price Set to Benefit from The Institutional Supercycle FOMO Effect
Bitcoin’s wave of institutional adoption shows no signs of slowing.
In the early hours of July 28, Japan’s Metaplanet expanded its Bitcoin position by acquiring an additional 780 BTC for approximately $92.5 million, bringing its total holdings to 17,132 BTC valued at roughly $1.73 billion.
Research compiled by Hodl15Capital indicates that over 35 additional companies are actively preparing to raise billions of dollars to implement Bitcoin accumulation strategies.
Consistent with earlier Cryptonews projections, there’s mounting optimism within the cryptocurrency community that Bitcoin could potentially deliver 100% returns, effectively doubling from current price levels before this supercycle concludes.
Bitcoin Price Prediction: $124K Target Emerges From Charts
From a technical perspective, the BTC/USDT daily chart displays a clear pattern of sustained bullish momentum followed by consolidation phases.
Following a decisive breakout above the ascending channel, Bitcoin has entered a trading range between approximately $116,000 and $123,000.
This price action has created a rectangular consolidation pattern just below the current all-time high of $123,218.
The Relative Strength Index (RSI) currently hovers around 61.63, with the RSI moving average at 64.65. This suggests that bullish momentum remains present but is not overextended.
Given the structure, Bitcoin appears to be forming a bullish continuation pattern.
If the support at $116,000 continues to hold and price breaks out above the $119,000 resistance zone, a push toward the projected target of $124,005 or higher is likely.
A failure to hold the support zone, however, could lead to a retest of the ascending trendline around the $110,000 level.
Bitcoin Hyper Raises $5.5 Million to Make Bitcoin Faster, Cheaper, and Smarter
Since Bitcoin’s price is staying strong, many people are keeping their Bitcoin while also looking for new crypto projects that could make them potentially more money.
One project getting lots of attention is Bitcoin Hyper (HYPER).
Bitcoin Hyper takes the power of Bitcoin and upgrades it for the modern crypto world.
While Bitcoin is still the most secure blockchain, it’s slow, expensive, and limited in what it can do.
Bitcoin Hyper fixes that by moving Bitcoin onto a much faster Layer 2 network.
Transactions become nearly instant, fees drop dramatically, and it even supports smart contracts — something regular Bitcoin can’t do.
It works by using Solana’s high-speed tech (SVM) and a secure bridge to connect back to Bitcoin’s base layer, keeping everything safe while unlocking much more potential.
Right now, early access is open through the HYPER token presale, priced at $0.012425 for a limited time, with over $5.5 million raised so far.
You can buy directly from the official Bitcoin Hyper website using crypto or a credit card, or through Best Wallet – a secure app for storing and managing your digital assets.
The post Bitcoin Price Prediction: Global Firms Pour $86B Into BTC – Could This Trigger a New “Institutional Supercycle”? appeared first on Cryptonews.
