Bitcoin News Today: Bitcoin Eyes $130K If $110K Support Holds, Institutional Inflows Strengthen

Bitcoin’s price trajectory has ignited renewed optimism among analysts, with projections suggesting the cryptocurrency could surge toward $130,000 if key support levels hold and institutional inflows continue to strengthen. The focus remains on maintaining the $110,000 threshold, which analysts view as critical for sustaining the broader bullish trend. Sustained inflows and improved on-chain activity, particularly from institutional investors, are cited as key drivers that could propel Bitcoin to test this ambitious target [1].

Technical analysis highlights the $110,000 support zone as a pivotal psychological and structural barrier. A breakdown below this level risks a pullback to $112K–$110K, according to CryptoQuant’s Chairman Lee [3]. Conversely, holding above $116,400—a more immediate support—could pave the way for a push toward $124K–$130K. This aligns with forecasts from TradingView, which notes that a confirmed move above $120K may trigger a rally to $130K–$138K [4]. Michael Saylor of MicroStrategy has reiterated his conviction in Bitcoin’s scarcity and resilience, while Arthur Hayes emphasized the criticality of the $115K–$120K range, stating, “If it holds, $130K is the next logical stop” [1].

On-chain data reveals a mixed outlook. While exchange reserves have risen since late June, signaling increased profit-taking, large holders and miners have been depositing BTC since mid-July. A declining UTXO count—a metric often linked to long-term accumulation—suggests investors are consolidating holdings, reducing short-term selling pressure [3]. However, Chairman Lee cautions that long-term holders are accelerating distribution, and short-term investors entering the market may precede a local top, a pattern historically observed before market peaks [3].

Institutional and ETF-related flows remain a cornerstone of Bitcoin’s momentum. Year-to-date, nearly $50 billion has flowed into Bitcoin investment products, with US-listed spot ETFs recording four consecutive months of positive inflows. Total net assets in these funds now exceed $151.6 billion, reinforcing confidence in Bitcoin’s long-term potential [3]. Analysts attribute this strength to growing institutional adoption, with ETF managers noting sustained inflows and robust cold storage activity [1].

Despite these bullish signals, risks persist. If Bitcoin fails to defend $115K, it could enter a correction phase, according to TradingView [4]. The short-term holder MVRV ratio also indicates potential for further growth, though caution is warranted amid signs of distribution by long-term holders [3]. The current price of $119,241 reflects a 0.9% increase in the past 24 hours, trading near recent all-time highs. Analysts remain divided on the timing of a $180,000 year-end target, with some emphasizing the need for continued ETF inflow momentum to achieve this milestone [3].

Source:

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

[2] [Bitcoin Analysts Predict $130000 Surge If $110K Support](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-analysts-predict-130-000-surge-110k-support-holds-2507/)

[3] [Bitcoin Must Defend This Key Support For $180000 Year-](https://cryptorank.io/news/feed/68e8a-bitcoin-must-defend-this-key-support-for-180000-year-end-target-analyst-says)

[4] [Bitcoin Perpetual futures, quoted, settled & margined in US](https://in.tradingview.com/symbols/BTCUSD.P/ideas/?exchange=DELTAIN)