Bitcoin Price Outlook: Optimism from Bullish Flag and Policy Changes Boost $123K Breakout Expectations

Bitcoin is currently stable at $116,830 as its mainstream usage gains momentum in the US. Sheetz, a well-known convenience store chain with outlets in various states, is providing a 50% discount on all purchases made with cryptocurrency via Flexa between 3 pm and 7 pm.

The “Crypto Crave & Save” initiative aims to encourage individuals to use actual crypto in everyday transactions, with payments being instantly converted to fiat to safeguard merchants from price fluctuations.

I perceive this as potentially negative news for Bitcoin….. https://t.co/jbi5ERD8s7

— titey.eth (@Mtitus6) August 7, 2025

The trend is expanding. Steak ‘n Shake recently announced a 50% reduction in payment fees by opting for Bitcoin instead of credit cards. These developments indicate that US enterprises are beginning to perceive digital currencies not merely as investments but also as practical payment instruments.

Regulatory Differences Between the U.S. and EU

On the other side of the ocean, the European Banking Authority has completed draft regulations assigning a 1,250% risk weight to “unbacked” crypto assets such as Bitcoin, which means that EU banks would require €12.5 million in capital for every €1 million held in BTC.

While this regulation may restrict crypto exposure in Europe, it also solidifies Bitcoin’s role within the financial system, a move that analysts believe could bolster long-term adoption.

In contrast, U.S. policy is trending in the opposite direction. President Donald Trump has revealed intentions to permit cryptocurrencies in 401(k) retirement plans, thereby unlocking a $9 trillion market. Ether increased by 4% following the announcement, and crypto-related stocks surged, with Coinbase rising by 3%, Galaxy Digital by 6%, and Bitmine Immersion by 8%. Galaxy CEO Mike Novogratz labeled it a “milestone” for the integration of digital assets into traditional finance.

Bitcoin (BTC/USD) Technical Signals Indicate Bullish Continuation

From a technical analysis viewpoint, Bitcoin is still in a bullish flag pattern that has been stabilizing since the peak of $123,255 in late July. The lower boundary of this pattern coincides with an upward trendline established in April and the 50-day SMA at $113,154 — a significant support area that has attracted ongoing buying activity.

Bitcoin Price Chart – Source: Tradingview

Momentum is shifting positively, with the daily RSI at 54 after recovering from prior oversold levels. Defending the 0.382 Fibonacci retracement at $113,682 has strengthened the case for a bullish move. A breakout above $117,350 could clear the way back to $123,255, with additional targets set at $126,981 and $131,574.

If $113,150 is not upheld, however, short-term sentiment may become wary, exposing levels at $110,725 and $107,768. Traders looking to enter may seek a high-volume movement through $117,350 to validate the breakout.

Bitcoin is consolidating within a bullish flag at $116.8K, maintaining support from the trendline and the 50-SMA. A breakout above $117.35 could aim for $123K, then $127K. Q4 may serve as the launchpad for $250K+ in 2025. #Bitcoin #BTC #Crypto pic.twitter.com/IBPG1rHoF3

— Arslan Ali (@forex_arslan) August 8, 2025

Bitcoin Price Forecast for Q4

The convergence of increasing retail adoption, favorable policy changes in the U.S., and a supportive technical framework provides Bitcoin with a bullish outlook heading into the fourth quarter.

If the bullish flag resolves in an upward direction, it could signify the beginning of a new upward trend, potentially leading towards the $250K–$500K price targets that some analysts have set for 2025.

With both institutional and retail demand converging, BTC’s current consolidation may be more of a preparatory phase than a simple pause.

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

Bitcoin Hyper ($HYPER) is the first Bitcoin-native Layer 2 utilizing the Solana Virtual Machine (SVM), designed to enhance the Bitcoin ecosystem with swift, low-cost smart contracts, dApps, and meme coin generation.

By combining Bitcoin’s security with Solana’s efficiency, it creates powerful new opportunities – all with seamless BTC bridging.

The initiative is audited by Consult and engineered for scalability, simplicity, and trust.

Investor interest is rapidly increasing, with the presale having already exceeded $7.4 million and only a limited allocation remaining.

HYPER tokens are currently priced at just $0.012765, but this price is poised to increase in the next 3 days.

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

Click Here to Participate in the Presale[/cta

The post Bitcoin Price Prediction: Bullish Flag and Policy Shifts Fuel $123K Breakout Hopes appeared first on Cryptonews.