Bitcoin Weekly Forecast: BTC enters full price-discovery mode after seven straight weeks of gains :

Bitcoin price stabilizes around $111,000 on Friday after reaching a new all-time high of $111,900 this week.
Corporate accumulation, institutional demand, signs of easing regulations and fiscal woes in the US have fueled BTC’s rally.
Investors continue to favor holding or investing in Bitcoin over rotating into altcoins, signaling further upside potential for BTC.
Bitcoin (BTC) price stabilizes near $111,000 on Friday after reaching a new all-time high of $111,900 this week. BTC enters an uncharted territory as a perfect storm of corporate accumulation, institutional demand, signs of easing regulation and increasing concerns among investors about debt sustainability in the United States (US) have fueled bullish momentum.
Corporate companies' interest in Bitcoin arises
The week started with multiple signs of companies and banks' support and interest in Bitcoin. On Monday, Japanese investment firm Metaplanet announced that it had purchased an additional 1,004 BTC, increasing its total holdings to 7,800 BTC.

On the same day, Indonesian fintech firm DigiAsia Corp announced its strategic decision to establish a Bitcoin treasury reserve. Additionally, CNBC reported on Monday that JPMorgan Chase would allow clients to buy Bitcoin, marking a significant step for the largest US bank, even as CEO Jamie Dimon has been a vocal critic.
These announcements are positive for Bitcoin as they indicate a growing acceptance of BTC as a strategic asset, boosting its legitimacy and potentially driving long-term adoption.

Later on Tuesday, Geoff Kendrick, Head of Digital Assets at Standard Chartered, published a projection saying that Bitcoin could reach $500,000 by 2029, citing growing institutional and government exposure through Strategy's stock holdings.

The projection added more credibility when Strategy announced on Thursday that it intended to offer shares of up to 10% of its perpetual strife preferred stock for sale to raise $2.1 billion under an At-The-Market (ATM) program to buy more BTC
Earlier on Monday, the firm acquired 7,390 BTC and has achieved a BTC yield of 16.3% year-to-date (YTD) in 2025, with a total holding of 576,230 BTC acquired for $40.18 billion at an average of $69,726 per BTC.
Texas advances bill to create Strategic Bitcoin Reserve
The Texas House of Representatives advances Senate Bill 21 (SB21), known as the Texas Bitcoin Reserve Bill, after its second reading on Tuesday. The bill proposes the creation of a Texas Strategic Bitcoin Reserve, allowing the state to invest in Bitcoin and other top digital assets. Only digital assets with a market capitalization of over $500 billion would qualify for inclusion. Currently, only Bitcoin meets that threshold.

SB-21 heads to the Texas Governor’s desk for final approval, and the bill must pass out of the House Public Health Committee by Saturday to proceed to a final floor vote before the legislature adjourns in early June.
Texas would become the third US state to establish such a reserve if enacted into law, following New Hampshire and Arizona. Similar initiatives in Florida, Wyoming, Montana and Pennsylvania have failed this year.
Bitcoin price action enters uncharted territory
The weekly chart shows that Bitcoin has entered a price-discovery mode after seven straight weeks of gains since early April. As of this week, it broke above the previous all-time high of $109,588 set on January 20 and continues to trade higher.

If BTC continues its upward momentum, it could extend the rally toward a key psychological level of $120,000.
The Relative Strength Index (RSI) on the weekly chart reads 68, pointing upward toward its overbought level of 70, indicating strong bullish momentum as it still has room for upside.

The Moving Average Convergence Divergence (MACD) on the weekly chart also showed a bullish crossover, giving buy signals and supporting the bullish thesis. Moreover, it shows a rising green histogram above its neutral level of zero, indicating strong bullish momentum and continuation of an upward trend.
If BTC faces a pullback, it could extend the correction to retest its key weekly support at $104,563.
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