Bitcoin News Today: Bitcoin Could Surge to $130,000 if $110,000 Support Holds Amid ETF Inflows

Bitcoin’s potential to surge toward $130,000 hinges on sustaining its support at $110,000, according to analysts who cite technical signals and institutional ETF activity as key drivers [1]. The prediction is underpinned by a narrowing support zone near $114,900–$114,000, which has held firm, indicating growing liquidity and buyer confidence [8]. Raoul Pal, founder of Real Vision, emphasized that ETF inflows are currently absorbing all mined Bitcoin supply and “setting up a scenario where a price squeeze is nearly inevitable if demand persists” [1]. This dynamic, combined with institutional demand outpacing mining output, has positioned the $110,000 level as a critical threshold for continued bullish momentum.

The optimism is amplified by recent market movements. Bitcoin briefly surpassed $120,000, its highest level since 2021, while Ethereum and altcoins like Solana and Dogecoin also posted gains [4]. Analysts attribute this rally to speculative trading ahead of the U.S. Federal Reserve’s July meeting, where expectations of rate cuts have fueled risk-on sentiment. Some forecasts extend beyond $130,000: an unidentified Reddit contributor cited a base-case projection of $135,000 by year-end, while Bambra posited targets of $300,000–$500,000 amid global liquidity expansion [6][9].

However, the path to higher prices remains volatile. A $9 billion Bitcoin sale by Galaxy Digital triggered a short-term sell-off, prompting traders to reallocate capital to Ethereum [5]. Regulatory developments, including El Salvador’s revised Bitcoin law and JPMorgan’s skepticism toward crypto firms, add uncertainty. The outcome of the Fed’s July 29–30 meeting is seen as pivotal: a rate cut could catalyze a breakout above $130,000, while a hawkish stance may trigger a correction.

Technical analysis underscores the fragility of the bullish case. A breach below $110,000 could invalidate the upward trajectory, whereas sustained support would likely push Bitcoin toward $130,000 and beyond. The broader market context—$3.89 trillion total crypto market cap and 60% Bitcoin dominance—supports speculative activity, though recent whale transactions and regulatory scrutiny highlight risks [5].

Sources:

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

[4] [Latest News & Videos, Photos about bull run bitcoin] (https://economictimes.indiatimes.com/topic/bull-run-bitcoin)

[5] [Crypto Market Turns Bullish: Here's What Happened Today] (https://www.coingabbar.com/en/crypto-currency-news/heres-what-happened-in-crypto-market-today-what-drives-surge?srsltid=AfmBOoooHhVNbenJscVe2A3aEEyy4h-33qNdrLTkQFgItokNsko5u2VB)

[6] [Global liquidity is exploding. $150K Bitcoin might not be ...] (https://www.instagram.com/p/DMjrg2yRBxM/)

[8] [Bitcoin Trade Ideas — BITSTAMP:BTCUSD] (https://www.tradingview.com/symbols/BTCUSD/ideas/?sort=recent)

[9] [Bitcoin to Hit $135K by Year-End in Base-Case Forecast, ...] (https://www.reddit.com/r/CryptoCurrency/comments/1m8wqfd/bitcoin_to_hit_135k_by_yearend_in_basecase/)