Bitcoin News Today: Bitcoin Could Hit $130K If It Maintains $110K Support Per MVRV Model

Bitcoin’s potential to reach $130,000 hinges on its ability to maintain key support above the $110,000–$112,000 zone, according to analysis leveraging the MVRV Pricing Bands model. At $117,958, Bitcoin is currently trading above this critical threshold, with institutional inflows and favorable supply dynamics amplifying bullish momentum. Analysts emphasize that sustained consolidation above $110,756 could drive the asset toward the +2.0σ deviation level of approximately $130,000, a target underpinned by historical price patterns and on-chain metrics [1].

The MVRV Pricing Bands model, popularized by trader Ali charts, highlights Bitcoin’s proximity to the +1.5σ level on Glassnode’s data. Maintaining support above $110K would validate the current bullish structure, with $119,500 identified as an immediate resistance barrier for a potential breakout. A successful breach could signal the start of a broader upward trend, potentially culminating in a new all-time high [1].

Institutional demand remains a key driver, with ETF inflows absorbing more Bitcoin than miners are producing. Over the past 30 days, net inflows reached $82 billion, reinforcing a supply squeeze that analysts view as a catalyst for further price appreciation. While this figure lags December 2024’s $135 billion peak, it suggests the market remains in a growth phase without overheating. Peter Brandt, a veteran trader, reiterated Bitcoin’s dominance in the crypto space, stating, “Bitcoin is crypto. Everything else is just a poser,” underscoring the asset’s primacy in current market narratives [1].

Technical indicators also favor a bullish outcome. Bitcoin is approaching a falling wedge pattern, with a breakout above $119,500 expected to confirm renewed momentum. Captain Faibik, a crypto analyst, noted that a sustained move beyond this level could trigger a rally toward $130,000 within a week, assuming on-chain activity remains robust. Conversely, a breakdown below $110K would invalidate the immediate bullish case, prompting a retest of lower support levels [1].

The market’s focus on $110K reflects broader macroeconomic and structural trends. ETF-driven stability has replaced past price spikes, signaling a maturing market structure where long-term accumulation by institutions outweighs short-term speculation. On-chain metrics, including undervalued supply in the MVRV model, further support the thesis that Bitcoin remains undervalued relative to its historical cost basis [1].

While forecasts of a $130K target are conditional on maintaining the $110K support, analysts caution that volume dynamics and on-chain activity will be critical in confirming the asset’s trajectory. A failure to hold above this zone could reignite bearish sentiment, potentially triggering a reevaluation of risk-taking in the crypto market.

Source:

[1] [Bitcoin Could Reach $130K If It Holds Above This Key $110K Support Zone](https://cryptofrontnews.com/bitcoin-could-reach-130k-if-it-holds-above/)