Bitcoin News Today: Bitcoin Eyes $150k as Institutional Investors and Smart Money Fuel Accumulation Surge

Bitcoin’s recent price action has sparked renewed speculation about its potential to break past $150,000, with institutional investors and “smart money” players showing significant accumulation activity. The cryptocurrency, which traded near $119,100 as of July 24, has stabilized above key resistance levels after a consolidation phase following its July 17 peak at $123,218. On-chain data highlights a divergence between retail and institutional behavior: retail investors have been offloading holdings, while institutional and high-volume wallets, including ETFs, are aggressively buying in [1]. This dynamic has fueled optimism among analysts who argue that the current dip represents a final entry point before a potential new all-time high [2].

CryptoQuant’s analysis underscores the shift in market structure, noting that whale-driven accumulation has offset retail outflows during the bull cycle’s later stages [3]. Fadi Aboualfa, head of research at Copper, attributes Bitcoin’s recent resilience to institutional capital, stating that “leverage-driven retail mania is fading,” while emphasizing that BTC “appears primed for another significant leg upward” toward $140,000–$200,000 [4]. However, caution is warranted. On-chain analytics firm Glassnode has warned of growing “froth” in the market, citing elevated open interest in derivatives as a potential risk to upward momentum [5].

Technical indicators add nuance to the outlook. A bearish divergence on the Relative Strength Index (RSI) suggests weakening bullish momentum, raising the likelihood of a short-term pullback to the $116,000–$112,000 range [6]. Conversely, a clean breakout above $120,000 could invalidate the bearish scenario and push Bitcoin toward $130,000–$150,000. Analysts emphasize that institutional buying has historically been a catalyst for BTC’s major rallies, but market sentiment and macroeconomic factors will remain critical variables in the near term.

The debate over Bitcoin’s trajectory reflects broader uncertainties in the cryptocurrency market. While smart money accumulation and institutional demand signal confidence, warnings of speculative excess highlight the risks of overbought conditions. For now, the $119,000–$120,000 range appears pivotal, with outcomes here likely to determine whether the $150,000 milestone becomes a realistic target.

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[1] [title1] [url1](https://cryptonews.com/news/bitcoin-price-prediction-smart-money-steps-in-is-this-the-last-chance-to-buy-before-150k/)

[2] [title1] [url1](https://cryptonews.com/news/bitcoin-price-prediction-smart-money-steps-in-is-this-the-last-chance-to-buy-before-150k/)

[3] [title1] [url1](https://cryptonews.com/news/bitcoin-price-prediction-smart-money-steps-in-is-this-the-last-chance-to-buy-before-150k/)

[4] [title1] [url1](https://cryptonews.com/news/bitcoin-price-prediction-smart-money-steps-in-is-this-the-last-chance-to-buy-before-150k/)

[5] [title1] [url1](https://cryptonews.com/news/bitcoin-price-prediction-smart-money-steps-in-is-this-the-last-chance-to-buy-before-150k/)

[6] [title1] [url1](https://cryptonews.com/news/bitcoin-price-prediction-smart-money-steps-in-is-this-the-last-chance-to-buy-before-150k/)