"Bitcoin Bulls Hold Ground Amidst Institutional Adoption Surge"

Bitcoin (BTC) continues to face selling pressure in the $107,250 to $109,588 price zone, but bulls have not ceded much ground to bears. One reason for this resilience could be the growing institutional adoption of Bitcoin in 2025. According to Eric Balchunas, senior ETF analyst at Bloomberg, spot Bitcoin exchange-traded funds (ETFs) witnessed $4.2 billion in inflows between Jan. 1 and Jan. 24, which is 6% of all ETF inflows. Meanwhile, retail investors seem to be booking profits in Bitcoin, as data from CryptoQuant shows that retail investors sent 6,000 Bitcoin to Binance in January, while Bitcoin whales remained largely neutral with modest inflows of 1,000 Bitcoin.

As Bitcoin's strong showing in January comes to an end, the focus shifts to February. According to Bitget Research chief analyst Ryan Lee, Bitcoin's performance in February depends on the crucial labor market report due on Feb. 7. A weakening labor market data could strengthen the case for rate cuts, creating a more supportive environment for Bitcoin. On the other hand, a strong labor market reduces the possibility of Fed rate cuts, resulting in a pullback in Bitcoin.

Bitcoin price analysis indicates that the cryptocurrency is gradually climbing toward the all-time high of $109,588, suggesting sustained buying by the bulls. The 20-day exponential moving average ($102,198) has started to turn up, and the relative strength index (RSI) is in the positive territory, giving an advantage to the bulls. If buyers propel the price above $109,588, the BTC/USDT pair could start the next leg of the uptrend to $118,109 and then to $126,706. However, the 50-day simple moving average ($99,398) is the critical support to watch out on the downside. If this support gives way, the pair may dive to $90,000, with buyers expected to mount a strong defense in the $90,000 to $85,000 zone.

Ether (ETH) bulls pushed the price back above the neckline of