Bitcoin Price Hits $109K as Analysts Predict $320K Surge Driven by Institutional Adoption

TLDR:

Bitcoin trades above $109K as analysts forecast targets up to $320K on strong momentum.
The bullish megaphone pattern suggests a breakout after Bitcoin’s 50% surge beyond Base 4.
Fibonacci analysis shows $142K as minimum target amid growing institutional demand.
French firm issues €63M BTC bond, aims to raise holdings to 1,437 Bitcoin in total.

Bitcoin continues its ascent, trading at $109k according to the latest CoinGecko data. The world’s largest crypto has captured widespread attention as technical analysts project extraordinary price targets. 

Market momentum suggests the digital asset could break through resistance levels in the coming months. Trading volume remains robust at over $31 billion in the past 24 hours. The cryptocurrency landscape appears primed for another major bull run cycle.

Analysis Points to Massive BTC Price Surge

Technical analyst Gert van Lagen recently shared his Bitcoin price prediction on the social media platform X.

$BTC [2W] confirms breakout toward ~$320K 📣

🧨4-year Bullish Megaphone retest complete, trend continuation confirmed,,

🧨a cascade of fresh ATHs,,

🧨The Step-like Formation is fully validated — price has launched into discovery mode, soaring +50% beyond Base 4.#Bitcoin pic.twitter.com/dxhhwwu8Vi

— Gert van Lagen (@GertvanLagen) May 26, 2025

Van Lagen identified a “Bullish Megaphone Pattern” on Bitcoin’s two-week chart that suggests a breakout toward $320,000. His analysis confirms the completion of a four-year retest phase with trend continuation now validated.

The analyst noted that Bitcoin has launched into “discovery mode” after soaring 50% beyond what he calls “Base 4.” Van Lagen’s step-like formation pattern indicates the cryptocurrency has overcome previous resistance levels. The technical setup suggests a cascade of fresh all-time highs could emerge in the near term.

Another market observer, known as Stockmoney Lizards on X, provided additional BTC price analysis using Fibonacci extensions. 

Their technical review suggests a minimum target of around $142,000 based on the 1.618 Fibonacci extension level. However, the analyst believes this projection may prove conservative given current market dynamics.

#Bitcoin

Most are not ready for this. They will fiddle with leverage, get liquidated by whipsaw movements and will once again stay sidelined.

Look at this chart.

My grey trendline shows where we’re heading. Minimum target? The 1.618 Fibonacci extension around $142k – for now.… pic.twitter.com/XLluqXNMM5

— Stockmoney Lizards (@StockmoneyL) May 27, 2025

The commentary highlights how Bitcoin’s break above all-time highs resembles “breaking the sound barrier” in aviation. Stockmoney Lizards noted that institutional adoption and sovereign nation purchases differentiate this cycle from previous market runs. 

The analyst warned that leveraged traders might face liquidation during volatile price movements while smart money positions for continued upside.

French Firm Announces €63 Million Bitcoin-Denominated Bond Issuance

Meanwhile, The Blockchain Group made headlines with its announcement of a €63 million convertible bond issuance. 

The French technology company structured the bond to be denominated in BTC and convertible into company shares. This innovative financial instrument will support the firm’s Bitcoin Treasury Company strategy.

The bond issuance involves subscriptions from notable investors including Moonlight Capital, Fulgur Ventures, and UTXO Management. 

The operations could enable The Blockchain Group to acquire approximately 590 BTC, potentially bringing total holdings to 1,437 BTC. Additionally, investor Adam Back converted his holdings into nearly 15 million ordinary shares of the company.

Bitcoin’s price represents a 4.22% increase over the past week despite a slight 0.04% decline in the last day, as of this writing. The cryptocurrency has traded between $108,292 and $110,162 during the most recent session.

Sustained momentum above $110k could propel Bitcoin toward new record highs, while a breakdown below $108k might find support around $104k.