$BTC Market Brief
• Price: $117.3K | Market Cap: $2.34T | Circulating Supply: 19.9M BTC (~95% of max)
• Technical & Market Summary: After setting fresh all-time highs above $124K recently, BTC has retraced slightly amid inflation data concerns—highlighting macro sensitivity. Institutional demand, supported by regulatory tailwinds and inclusion in U.S. retirement plans, continues to underpin its elevated valuation.
• Forecast Outlook: Short-term models project stability around current levels. Mid-term upside targets include ~$145K by year-end and ~$150K–$160K via 2025 if momentum holds. Long-term expectations vary, with some experts forecasting $458K by 2030 and even $1M by 2035.
• Key Factors to Watch: Inflation trajectories, Fed policy shifts, continued institutional inflows, ETF performance, and broader economic sentiment.
Key Drivers Impacting BTC Price Direction
• Institutional Adoption: Broadening demand from funds, ETFs, and inclusion in retirement accounts   
• Regulatory Tailwinds: U.S. executive orders and regulatory clarity fueling legitimacy
• Macro Conditions: Inflation data, Fed rate expectations remain strong short-term influencers
• Stock-to-Flow Dynamics: Historically, halving cycles have preceded major bull runs—the next one looming after 2024
