Analysts remain cautiously optimistic about Bitcoin’s long-term trajectory, driven by institutional adoption and ETF inflows, with spot Bitcoin ETFs managing $110 billion in assets. The MVRV ratio at 2.22 indicates room for growth before hitting overvalued levels (historically above 3.7), and strong ETF demand mirrors gold ETF trends, reinforcing Bitcoin’s “digital gold” narrative. However, risks persist, including potential short liquidations if BTC breaks $115,000, which could trigger a squeeze higher, and regulatory uncertainties, such as the IMF blocking Pakistan’s crypto mining plans. Technical analysis points to a neutral short-term outlook due to resistance at $109,000, but a medium- to long-term bullish trend is supported by rising volume and investor interest.

Posts on X highlight mixed sentiment, with some analysts noting bearish divergences on higher timeframes, suggesting caution, while others see dips as buying opportunities in this bull cycle. Investors are advised to monitor on-chain transfer volumes and regulatory developments closely, as these could influence $BTC next move.