Bitcoin Analysts Target $130K If Support Above $110K Holds Steady
Bitcoin is in a tight bull channel and could reach $130,000 if it holds the $110,000 support. This is based on the MVRV bands...
Quick overview
- Bitcoin is currently in a bullish channel and could reach $130,000 if it maintains support at $110,000.
- Key levels to watch include $116,800 for potential breakout and $119,500 as immediate resistance.
- Analysts suggest the $110,000–$112,000 range is an accumulation zone, indicating potential for new all-time highs.
- Current 30-day net inflows into crypto are $82 billion, below previous peaks, suggesting room for growth without overheating.
Bitcoin is in a tight bull channel and could reach $130,000 if it holds the $110,000 support. This is based on the MVRV bands, a key indicator to measure Bitcoin’s fair value against the market.
According to @Ali_charts, Bitcoin is near the +1.5 sigma band of the MVRV model. If BTC holds above $110,756, it could move into the +2.0 sigma band — the euphoric top band — around $130,000.
Michaël van de Poppe sees room for more upside. He says $116,800 is a key level. If Bitcoin holds that, it could be setting up for new all-time highs. Van de Poppe calls the $110,000–$112,000 range an accumulation zone and $119,500 immediate resistance.
Peter Brandt adds to the bullish case: “Bitcoin is crypto. Everything else is just a poser,” reinforcing long-term conviction in BTC’s dominance.
Inflows Below Peak, Room to Grow
Despite Bitcoin’s strength, inflows into crypto are below previous cycle peaks, so there’s room to grow without overheating.
Glassnode data via Ali on X shows 30-day net inflows of $82 billion. When Bitcoin was at $96,000 in December, 30-day net inflows were $135 billion.
That means the market isn’t in the “euphoria zone” yet, where buying is unsustainable due to investor hype. The current moderate inflows give Bitcoin room to grow before hitting psychological resistance.
Quick Market Snapshot:
- 30-Day Net Inflows: $82 billion
- Peak Inflows (Dec): $135 billion
- BTC Price: $118,147 (+0.86% in 24h)
- Market Cap: $2.35 trillion
- 24h Volume: $49 billion (-53%)
Bitcoin Resistance and Accumulation Zones
While bullish, analysts caution to watch out for key resistance and support.
Important Levels:
- Support Zone: $110,000–$112,000
- Breakout Threshold: $116,800
- Immediate Resistance: $119,500 and $130,000
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