Analyst Predicts Bitcoin Could Reach $130K On Support Hold
- Analysts expect Bitcoin to hit $130K on $110K support.
- ETF inflows drive market momentum.
- Institutional demand outpaces mining supply.
Bitcoin’s price could reach $130,000 if the $110,000 support holds, as analysts suggest a bullish outlook driven by technical signals and institutional ETF activity.
The potential price surge underscores the role of ETF demand and institutional inflows, influencing market dynamics and highlighting strategic price levels critical for sustained Bitcoin growth.
Lede: Bitcoin may reach $130K if $110K support holds, driven by ETF inflows.
Nut Graph: With the current momentum, analysts project Bitcoin’s price might soar to an impressive $130,000, contingent on sustaining its support at $110,000. This prediction leans heavily on rising institutional investments and ETF opportunities.
Bitcoin’s Support Level Crucial for Growth
Bitcoin’s recent surge prompts analysts to predict a potential rise to $130,000 if support holds at $110,000. This outlook is based on increasingly strong institutional inflows and ETF activity. Major industry figures like Markus Thielen and Raoul Pal cite ETF demand outpacing miner supply. Institutional shifts underline the importance of the $110,000 support level for further growth. Raoul Pal, Founder of Real Vision, insightfully noted,“ETF flows are absorbing all mined supply and then some, setting up a scenario where a price squeeze is nearly inevitable if demand persists.”
The Role of Institutional Investors
Institutional investors play a crucial role in this potential rally, with ETF inflows at record levels. Key analysts emphasize the effects of these fund movements on Bitcoin’s market price. The financial impact resonates primarily with Bitcoin, as analysts believe this support level is pivotal. No significant effects on other cryptocurrencies like Ethereum have been observed.Historical Trends and Future Forecasts
Historical trends show similar price movements following Bitcoin halving cycles. Higher highs followed support-driven rallies in past markets, suggesting potential continuity of this trend. Analysis indicates statistically significant resistance near $130,000 based on the MVRV model. Key stakeholders anticipate that breaking the current level could lead to continued price expansion, conditional on market stability .Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump admin considers annual license for Samsung, SK Hynix to operate chip factories in China
Share link:In this post: The U.S. is considering annual “site licenses” for Samsung and SK Hynix to export chipmaking supplies to their Chinese factories. The new system would require yearly approvals with exact shipment quantities. South Korea welcomes the compromise, but officials have voiced concern over supply disruptions and added regulatory burdens.
Metaplanet adds 136 BTC to treasury in ongoing Bitcoin strategy
Share link:In this post: Metaplanet has bought an additional 136 BTC at an average price of roughly 111,666 per Bitcoin. The company’s latest acquisition also brings its total Bitcoin holdings to 20,136 BTC at an average price of approximately 15.1 million yen per BTC. Metaplanet plans to raise $880M to issue up to 555 million new shares directed towards BTC purchases.
OECD warns most crypto investors face high risks from low literacy
Share link:In this post: The OECD says most adults who know or own crypto show weak money and digital skills. Many investors do not understand that crypto is not legal tender or that losses are often permanent. The OECD urges governments to teach money skills and set stronger protections for small investors.
SOL Strategies secures Nasdaq listing under STKE
Trending news
MoreCrypto prices
More
