Analyst Predicts Bitcoin May Hit $130K if $110K Support Holds
The post Analyst Predicts Bitcoin May Hit $130K if $110K Support Holds appeared on BitcoinEthereumNews.com. Analysts are confident that Bitcoin is on a bullish breakout. They cite a potential uprise towards $130,000, provided it maintains a key support. In addition, subdued capital inflows imply that the rally can still gain further momentum before hitting a cycle where investor sentiment becomes overly optimistic. This cycle is known as the euphoria zone. Bitcoin Poised for $130,000 Surge as Analysts Highlight Key Levels Bitcoin could reach $130,000 if it maintains support above $110,000, according to an analysis by popular trader, @Ali_charts on X. The analyst based his prediction on Glassnode’s MVRV pricing bands. According to the model, the current price of Bitcoin is close to the upper +1.5sigma deviation level. Long-term support above $110,756 can drive BTC to the +2.0 region, which is near $130 000. The bullish structure in this technical range suggests further BTC price upside. Source: X Crypto analyst Michaël van de Poppe also believes Bitcoin is positioned for a major breakout. He stated on X that if BTC holds above $116,800, the market could see new all-time highs soon. His chart shows that the $110,00–$112,000 region is ideal for accumulation, with $119,500 marked as a key resistance to test for a fresh upward run. Source: X Also, another top analyst, Peter Brandt shared an optimistic view about Bitcoin’s long-term potential. The veteran trader declared that Bitcoin is crypto and that every other coin is a ‘poser.’ Subdued Inflows and Consolidation Below $119,500 Hint at Further Bitcoin Upside Despite Bitcoin currently trading above $118,000, capital inflows remain well below previous peaks. According to the data provided by Glassnode via Ali on X, the net crypto inflows in the last 30 days is $82 billion. Source: X Comparatively, the inflows in the market were $135 billion in December when BTC traded at $96,000. This contrast implies…
The post Analyst Predicts Bitcoin May Hit $130K if $110K Support Holds appeared on BitcoinEthereumNews.com.
Analysts are confident that Bitcoin is on a bullish breakout. They cite a potential uprise towards $130,000, provided it maintains a key support. In addition, subdued capital inflows imply that the rally can still gain further momentum before hitting a cycle where investor sentiment becomes overly optimistic. This cycle is known as the euphoria zone. Bitcoin Poised for $130,000 Surge as Analysts Highlight Key Levels Bitcoin could reach $130,000 if it maintains support above $110,000, according to an analysis by popular trader, @Ali_charts on X. The analyst based his prediction on Glassnode’s MVRV pricing bands. According to the model, the current price of Bitcoin is close to the upper +1.5sigma deviation level. Long-term support above $110,756 can drive BTC to the +2.0 region, which is near $130 000. The bullish structure in this technical range suggests further BTC price upside. Source: X Crypto analyst Michaël van de Poppe also believes Bitcoin is positioned for a major breakout. He stated on X that if BTC holds above $116,800, the market could see new all-time highs soon. His chart shows that the $110,00–$112,000 region is ideal for accumulation, with $119,500 marked as a key resistance to test for a fresh upward run. Source: X Also, another top analyst, Peter Brandt shared an optimistic view about Bitcoin’s long-term potential. The veteran trader declared that Bitcoin is crypto and that every other coin is a ‘poser.’ Subdued Inflows and Consolidation Below $119,500 Hint at Further Bitcoin Upside Despite Bitcoin currently trading above $118,000, capital inflows remain well below previous peaks. According to the data provided by Glassnode via Ali on X, the net crypto inflows in the last 30 days is $82 billion. Source: X Comparatively, the inflows in the market were $135 billion in December when BTC traded at $96,000. This contrast implies…
What's Your Reaction?
