Technical analysis suggests Bitcoin is on the verge of significant gains, with predictions indicating it could surge close to $150,000 during this bullish cycle.

The bullish outlook is supported by rising demand for Bitcoin from ETFs, a decreasing supply, and expected clearer cryptocurrency regulations in the U.S.

Polymarket traders estimate a 77% chance Bitcoin will reach $125,000 and a 47% chance of hitting $150,000, potentially allowing the IBIT ETF to surpass the assets of the SPDR Gold Shares ETF.

The growth of the IBIT ETF could enable it to flip the SPDR Gold Shares ETF, which currently holds over $101 billion in assets, later this year.

The IBIT stock is experiencing a strong bullish breakout, driven by expectations that Bitcoin could reach $150,000 this year.

Since its launch in January 2024, the iShares Bitcoin ETF has attracted over $55.98 billion in inflows, boosting its total assets to more than $86 billion, making it more profitable than the iShares Core S&P 500 ETF.

Anticipated interest rate cuts by the Federal Reserve later in 2025 could further benefit Bitcoin and the IBIT stock, as lower rates tend to support risk assets.

Bitcoin has demonstrated a long-term upward trend, rising from nearly zero in 2009 to over $118,000 today, underpinning its bullish prospects.