Bitcoin Price Forecast: Is a Surge from BTC’s $118K Breakout Rally Possible to Reach $124K?

Alvara Protocol seeks to transform asset management via blockchain technology. Co-founder Dominic Ryder characterized the project’s new Ethereum-based standard, ERC-7621, as the “Basket Token Standard” (BTS). This standard enables the bundling of real estate, commodities, and various ERC-20 tokens into investment baskets, similar to index funds.

Ryder envisions Alvara evolving into the “Fidelity of tokenized assets,” paving the way for venture capital firms to develop products such as distressed “value baskets” or premium “all-star baskets.”

Most individuals merely trade assets.
With Alvara, the portfolio itself can serve as the product.
Mint a basket → earn fees → establish a record.
And if you wish to exit? Sell the entire strategy.
Performance becomes its own asset class. pic.twitter.com/GpoScUCv25

— Alvara (@AlvaraProtocol) October 1, 2025

If widely embraced, ERC-7621 could replicate the impact of ERC-721 for NFTs, making tokenization scalable. Increased adoption of tokenized funds indirectly bolsters Bitcoin’s status as the most reliable digital asset in the market, promoting institutional participation and broadening blockchain’s influence.

Metaplanet Ascends to Fourth-Largest BTC Holder

Institutional interest in Bitcoin is also on the rise. Japanese investment firm Metaplanet recently acquired 5,268 BTC valued at approximately $600 million, raising its total holdings to 30,823 BTC. At the current price of $118,353, this collection is worth $3.6 billion, providing the firm with an unrealized profit of around 7.5% based on its average purchase price near $108,000.

JUST IN: Metaplanet acquires another 5,268 Bitcoin worth $615.6 MILLION.
They are now the 4th largest publicly traded Bitcoin treasury company pic.twitter.com/rsuJcIn9dd

— Bitcoin Magazine (@BitcoinMagazine) October 1, 2025

Metaplanet’s assertive strategy, initiated in April 2024, has rapidly positioned it as the fourth-largest corporate holder of Bitcoin. Its expanding presence intensifies the pressure on Bitcoin’s limited supply, reinforcing the narrative of BTC as a treasury asset and supporting long-term price growth.

U.S. Legislators Reassess Crypto Taxation Regulations

In Washington, legislators are altering their stance on digital asset taxation. The U.S. Senate Finance Committee is set to conduct a hearing on crypto taxation following new IRS guidance that relaxes the Corporate Alternative Minimum Tax (CAMT).

This regulatory adjustment permits companies to exclude unrealized crypto gains and losses from CAMT calculations, providing relief to significant holders like Michael Saylor’s Strategy, which possesses over 640,000 BTC.

Policy experts from Coinbase and Coin Center are anticipated to provide testimony. This development could alleviate selling pressure on corporate treasuries and promote more stable long-term confidence in Bitcoin.

Bitcoin Price Outlook: Breakout Targets $124K

From a technical perspective, Bitcoin has achieved a significant breakout, surpassing $118,000 and breaching a descending trendline that has constrained rallies since mid-September.

A bullish engulfing candle on the 4-hour chart, coupled with substantial trading volume, highlights renewed buyer confidence. The price has reclaimed both the 50-day SMA at $112,037 and the 100-day SMA at $113,395, which are now critical support levels.

Bitcoin Price Chart – Source: Tradingview

The RSI is above 80, indicating strong demand but also short-term overbought conditions. A retest of the $116,950 breakout zone may occur before the next upward movement.

If momentum persists, Bitcoin could approach $120,200, then $122,335, and ultimately $124,525 — resistance that limited rallies earlier this year.

Traders looking for entry points may consider pullbacks toward $117,000–$117,500, with potential upside extending toward $128,000 in the upcoming weeks.

This breakout not only emphasizes renewed technical strength but also aligns with increasing institutional demand and favorable regulatory changes, setting the groundwork for a potentially stronger Bitcoin rally as the year concludes.

Presale Bitcoin Hyper ($HYPER) Merges BTC Security With Solana Speed

Bitcoin Hyper ($HYPER) is establishing itself as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM). Its objective is to enhance the BTC ecosystem by facilitating rapid, low-cost smart contracts, decentralized applications, and even meme coin creation.

By integrating BTC’s unparalleled security with Solana’s high-performance infrastructure, the project opens avenues for entirely new applications, including seamless BTC bridging and scalable dApp development.

The team has placed a strong emphasis on trust and scalability, with the project audited by Consult to instill confidence in its foundations among investors.

Momentum is rapidly building. The presale has already surpassed $19.4 million, leaving only a limited allocation still available. At this stage, HYPER tokens are priced at just $0.013005—but this price will rise as the presale advances.

Tokens can be purchased on the official Bitcoin Hyper website using cryptocurrency or a bank card.

Click Here to Participate in the Presale

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