Analyst: If BTC effectively breaks through $125,000, it may drive its rise to $150,000

ChainCatcher news, according to Jinshi, Bitcoin reached an all-time high of $124,002.49 on Thursday, surpassing the previous peak set in July. Analyst Tony Sycamore stated that the momentum for the rise comes from increased expectations of interest rate cuts by the Federal Reserve, continued institutional buying, and the Trump administration's easing of regulations on cryptocurrency investments. He pointed out that if Bitcoin effectively breaks through $125,000, it could drive its price up to $150,000.