Bitcoin News Today: Bitcoin Eyes $130K If $110K Support Holds

Bitcoin’s price trajectory has drawn renewed attention as analysts highlight a potential surge toward $130,000, contingent on maintaining critical support levels. The cryptocurrency, currently trading near $118,147, faces a pivotal test of its resilience in the $110,000–$112,000 range. Technical indicators and on-chain data suggest that a sustained hold above this threshold could unlock further bullish momentum, with forecasts pointing to a possible three-digit price target. However, subdued capital inflows underscore the market’s cautious stance, indicating room for growth before reaching speculative extremes [1].

Analysts, including prominent trader @Ali_charts, emphasize the significance of Bitcoin’s position relative to Glassnode’s MVRV pricing bands. The current price is approaching the upper +1.5 sigma deviation level, a statistical benchmark suggesting overvaluation. If the coin sustains above $110,756, the model projects a path toward the +2.0 sigma region, roughly $130,000 [1]. This analysis aligns with observations from Michaël van de Poppe, who notes that maintaining support above $116,800 could catalyze a breakout to all-time highs. He identifies the $110,000–$112,000 range as ideal for accumulation, with $119,500 acting as a key resistance level to gauge the strength of the upward move [2].

The subdued nature of recent inflows further reinforces the idea of untapped upside potential. While Bitcoin’s 30-day net inflows stand at $82 billion, this figure pales compared to the $135 billion surge in December 2024 when prices neared $96,000. The disparity suggests the market has yet to enter the “euphoria zone,” a term used to describe periods of excessive optimism that often precede corrections. This dynamic implies that Bitcoin could climb further without triggering a speculative bubble [1].

Peter Brandt, a veteran trader, has also weighed in, labeling Bitcoin as the “real” cryptocurrency while dismissing alternatives as “posers.” His bullish stance underscores broader market sentiment that Bitcoin’s dominance will continue to expand, particularly as institutional adoption and ETF inflows remain key drivers [1].

Despite the optimistic forecasts, Bitcoin’s immediate price action remains mixed. At the time of writing, the coin trades at $118,147, reflecting a 0.86% gain in the past 24 hours. The market cap stands at $2.35 trillion, though trading volume has declined by over 53% to $49 billion, signaling a period of consolidation [1]. This volatility highlights the delicate balance between bullish technical signals and macroeconomic uncertainties.

The convergence of on-chain data, analyst forecasts, and inflow metrics paints a picture of a market poised for a decisive move. If Bitcoin can stabilize above $119,500 and avoid a breakdown below $110,000, the path to $130,000 becomes increasingly plausible. However, investors are urged to remain cautious, as the absence of significant inflows indicates a lack of widespread euphoria—a critical factor in sustaining long-term gains.

Source:

[1] [Analyst Predicts Bitcoin May Hit $130K if $110K Support Holds](https://coingape.com/analyst-predicts-bitcoin-may-hit-130k-if-110k-support-holds/)

[2] [Bitcoin Eyes $130K If $110K Support Holds Amid Strong...](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-eyes-130k-110k-support-holds-strong-etf-inflows-mvrv-model-signals-2507/)

[3] [Bitcoin's $130K Outlook Tied to $110K Support, ETF...](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-130k-outlook-tied-110k-support-etf-inflows-surge-82b-30-days-2507/)