Three things need to happen for Bitcoin to hit a new all-time high

For Bitcoin to reach a new all-time high, some have suggested that a few additional factors need time to take hold.
In early 2025, Bitcoin showed a strong trend, rising 13.5% in 30 days. This is due to the US government's attitude towards cryptocurrencies.
However, with Bitcoin price stagnating at $105,000, traders are wondering why further gains are being limited.
The environment is ripe for a sustained Bitcoin bull run, but three factors stand in the way of a new all-time high.
The Trump administration in the United States has offered various opportunities to banks and hedge funds to hold digital assets and minimize the burden on their balance sheets.
Federal Reserve Chairman Jerome Powell said at a press conference after the January 29 FOMC meeting that banks should be able to manage risk appropriately.
"As long as we understand the situation, we can provide services to cryptocurrency customers," he said, "We are not against innovation." Also, on January 30, the Czech Central Bank
The National Bank (CNB) board of directors has approved a proposal to evaluate Bitcoin as part of its international reserve asset strategy.
In an interview with the Financial Times, President Michal said the Czech Republic plans to allocate up to 5% of its foreign reserves, which amount to around 140 billion euros, to Bitcoin.
In addition, on January 30, it was announced that a fund managed by the Norwegian central bank had invested $500 million in MicroStrategy shares.
However, some institutional investors are unable to buy physical Bitcoin ETFs directly due to shareholder approval and regulatory restrictions.
Despite the continued positive news surrounding Bitcoin, the price of Bitcoin is
It has failed to break through the $106,000 mark, so analyzing the reasons why investors are showing caution is important in predicting the possibility of a new all-time high in the future.
Traders are concerned that a slowdown in the global economy could intensify flight to quality.
That means the market could move into safe assets like cash and short-term government bonds.
According to data released on January 30, the U.S. gross domestic product (GDP) for the fourth quarter of 2024 is
GDP grew 2.3%, slightly below market expectations, while the eurozone economy grew 0% over the same period. The weak economic growth could prompt central banks to introduce further stimulus measures.
This could boost Bitcoin's price in the medium to long term, but in the short term, it could increase market uncertainty, which could have a negative impact on Bitcoin's price.
Recently, the Chinese AI company released DeepSeek, which shocked the industry and caused record losses across the tech sector.
This was the first time that the vulnerability of the cryptocurrency was highlighted, and although it has no direct relation to Bitcoin, it has led to a growing risk aversion mindset and a trend for hedge funds to reduce their share of assets that had seen a sharp rise.
Among them, Bitcoin is likely to be the target for profit taking as it has outperformed most asset groups.
The Trump administration launched “Operation Choke Point 2.0”
The move is effectively dismantling the "on Choke Point 2.0" initiative, but that doesn't mean banks will immediately embrace Bitcoin.
To ensure smooth handling, clearer accounting standards and risk assessment methods are needed, and approval of "spot trading" of spot Bitcoin ETFs is also important, as it can promote integration with existing financial markets.
Until these three requirements are met, it seems unlikely that the price of Bitcoin will continue to rise above $105,000.
If top institutional investors were to embrace Bitcoin more enthusiastically, it cannot be denied that the price could rise significantly.