BTC flow towards bull Run !!??????
๐ Price Snapshot:
Current Price:ย $122,623ย (+4,804 USD, +4.08%) โ 24โฏh high ofโฏ$122,852 and low ofโฏ$117,784.
Trend: Just hit a new all-time high above $122โฏK, with strong upward momentum
๐ Market Outlook & Key Drivers:
Bullish Chart Signals: A classic โcupโandโhandleโ pattern combined with MACD momentum suggests continued upside โ possibly another 14% rally toward ~$134โฏK Business Insider.
ETF Inflows & Institutional Interest: Record inflows into Bitcoin spot ETFs and corporate adoption are fueling the surge Investopedia+6MarketWatch+6TradingView+6.
Support Levels: Former resistance now acts as key support near $108,300โ$113,000 Business Insider.
๐ Whatโs Next?
Market analysts predict further gains:
Medium-term target: $134โ146โฏK based on technical indicators .
Long-term outlook: Some projections (like from Bitwise and Standard Chartered) see prices rising toward $150โ200โฏK by year-end
๐ฐ Related Developments:
Global ETF flows, escalating adoption by corporate treasuries, and upcoming crypto legislation discussions in Congress are all bolstering sentiment AP News+4Investing.com+4Coinbase+4.
