Forex Trading Tools and Services

Bitcoin Crypto

Bitcoin Breaks $122,000 as US Investors Power Market Toward All-Time High

Bitcoin jumped above $122,000 on Friday, driven by firm US buying interest and increasing investor demand for leverage. The lead cryptocurrency is closing in on its all-time high of $124,128, with Coinbase Premium GAP indicating that US investors are paying a premium price over other exchanges. Record open interest at $89 billion has been reached, an indicator of increased trading volumes and optimism in market direction. Institutional investment has also played a role, as US spot Bitcoin ETFs have recorded $2.2 billion in net inflows this week. The price increase occurs in the wake of delayed US economic data, leading to increased interest in crypto assets, although Bitcoin still lags gold and silver in year-to-date performance. KEY LOOKOUTS • Bitcoin is closing in on its all-time high of $124,128, as US consumers drive momentum and spot demand picks up. • The open interest of BTC has reached a record high of $89 billion, pointing to an expanding desire for leveraged trading. • US spot Bitcoin ETFs have attracted $2.2 billion in weekly net inflows, signaling restored institutional faith. • The US government shutdown and jobs report delay have fueled increased interest in crypto assets, which has helped to fuel the recent rally. The recent rally of Bitcoin above $122,000 indicates new strength for the cryptocurrency market, led by US investors and increased trading activity. The rally has been fueled by increasing spot demand, record-high open interest at $89 billion, and substantial inflows into US spot Bitcoin ETFs to the tune of $2.2 billion this week. Market sentiment has also been helped by the delayed release of the US September jobs report due to the government shutdown, which has helped shift the focus of investors towards crypto assets. As Bitcoin gains traction, though, it remains behind gold and silver in year-to-date performance, indicating both opportunity and caution for traders. Bitcoin jumped above $122,000 as institutional inflows and US investors fueled market upside. Increasing spot demand and record open interest indicate robust trading activity, which drives BTC towards its all-time high. • Bitcoin jumped above $122,000, nearly reaching its all-time high of $124,128. • US purchasers are fueling strong upside, which can be seen in the Coinbase Premium GAP of $113. • Open interest is at a record $89 billion, pointing to increasing leverage in the market. • $153 million of short positions were closed over the last 24 hours. • US spot Bitcoin ETFs attracted $2.2 billion in net flows this week, propelling institutional appetite. • Postponed US September jobs report during the government shutdown heightened investor demand for crypto. • Even with the rally, Bitcoin’s year-to-date performance (25.6% increase) is still behind gold (46.7%) and silver (61.8%). Bitcoin has jumped above $122,000, led in significant part by robust US investor buying and renewed crypto asset interest. The surge is a testament to increasing market confidence, as institutional buyers also entered via US spot Bitcoin ETFs that have seen $2.2 billion in net inflows this week. Enthusiasm in the markets has been further created as the US delayed September jobs report created a situation where traders and investors shifted their focus toward other assets such as Bitcoin. BITCOIN Daily Chart Price SOURCE: TradingView This rise in demand underscores the larger adoption and investment interest in cryptocurrencies by retail and institutional investors alike. Although Bitcoin has picked up massive pace this year, it remains behind conventional safe-haven assets such as gold and silver in year-to-date returns. However, the increased participation and historic high trading volumes indicate that Bitcoin is still a point of interest for investors interested in accessing digital assets amid the current economic climate. TECHNICAL ANALYSIS Bitcoin’s surge above $122,000 reflects strong bullish momentum, supported by rising spot demand and high leverage in the market. The record open interest of $89 billion indicates that traders are actively positioning for continued price movement, while short liquidations totaling $153 million in the past 24 hours have further fueled upward pressure. The Coinbase Premium GAP of $113 indicates more robust US investor buying, generating localized demand that can serve as near-term support. In all, technical metrics signal prolonged bullish momentum as BTC nears its all-time high of $124,128. FORECAST Bitcoin will continue to strengthen in the short term with solid US buying interest, institutional inflow, and increasing investor interest due to delayed economic data. If demand does not falter, BTC may challenge its all-time high of $124,128, with the support levels getting established near recent breakout zones around $120,000. Yet, the market may also experience short-term pullbacks in the event of intensified profit-taking or general economic news impacting sentiment. Traders must look out for resistance at the last all-time high and keep leverage levels in check since sharp corrections may lead to liquidations that occasionally press prices lower.

Bitcoin Crypto

Bitcoin Price Prediction: BTC Sees $116,000 Amid ‘Uptober’ Surge and Growing Institutional Demand

Bitcoin (BTC) has been trading above $114,000 after a strong Q3 showing, with the cryptocurrency closing September up 5.16% and posting a 6.31% gain for the quarter. Institutional demand remains strong, as US-listed spot ETFs recorded a second consecutive day of inflows, while the upcoming launch of altcoin ETFs and historically bullish October trends, dubbed ‘Uptober,’ are fueling optimism. Technical indicators such as support at the 50-day EMA, a daily RSI greater than 50, and a bullish MACD crossover indicate possible upward action towards the $116,000 resistance point but with near-term movements potentially affected by uncertainties like the US government shutdown and less liquidity due to Asian banking holidays. KEY LOOKOUTS • Observe if Bitcoin remains above the 50-day EMA level of $113,403, which is crucial for sustaining bullish momentum. • BTC may target the $116,000 intraday resistance if the upside momentum prevails. • Continued inflows into Bitcoin spot ETFs as well as possible altcoin ETF launches may further augment price rebounding. • US government shutdown and diminished liquidity due to Asian banking holidays might affect intraday price action. Bitcoin is indicating rebounding as it remains above $114,000 levels based on robust institutional appetite as well as favorable technicals. The 50-day EMA of $113,403 has been a support level, and bullish RSI and MACD signals indicate potential strength in the upside direction to $116,000. Past performance trends like the historically robust performance of October—’Uptober’—and soon-to-be-expected altcoin ETF debuts add to the positivity. But risks like the US government shutdown and reduced liquidity on Asian banking holidays may trigger temporary market volatility. Bitcoin remains above $114,000 on the back of encouraging institutional inflows and upbeat technical indicators. The cryptocurrency may reach $116,000, but short-term volatility is still present given the US government shutdown and lower liquidity in Asian markets. • Bitcoin closed September above $114,000, returning 5.16% and 6.31% for Q3, respectively. • BTC was supported near the 50-day EMA at $113,403, important to maintain positive momentum. • Institutional appetite continues to be robust, with spot ETFs seeing back-to-back days of inflows. • Seasonal patterns suggest October, or ‘Uptober,’ historically has yielded positive BTC returns. • Future altcoin ETF launches will likely continue to fuel market sentiment and investor appetite. • Technicals such as a daily RSI of above 50 and a bullish MACD crossover indicate potential to move higher to $116,000. • Dangers like the US government shutdown and decreased liquidity from Asian banking holidays may affect near-term price action. Bitcoin remains robust as it hovers above $114,000 due to robust institutional demand and improving market sentiment. September ended on a good note for BTC with a 5.16% increase, and the third quarter provided a decent 6.31% return. The trend is also supported by flows into US-listed spot ETFs and expectations around altcoin ETF launches, which are likely to bring more investors and drive overall market euphoria. BITCOIN Daily Chart Price SOURCE: TradingView Historically, October has also been a good month for Bitcoin, tending to produce positive returns—a development commonly known as ‘Uptober.’ Moreover, the fourth quarter has also been BTC’s top-performing quarter historically, which could lay the groundwork for new yearly highs. Although risks like the US government shutdown and lower liquidity during Asian banking holidays still linger, overall the outlook for Bitcoin looks positive, fueled by institutional involvement and positive market trends. TECHNICAL ANALYSIS Bitcoin is trending bullish as it is still above the 50-day Exponential Moving Average (EMA) of $113,403, which serves as a solid support. The Relative Strength Index (RSI) on the daily chart stands at 53, reflecting increasing buying pressure, while the Moving Average Convergence Divergence (MACD) has made a bullish crossover, which is an indication of a possible upward trend. If BTC manages to hold at this support, it might target the next resistance level of $116,000, or else inability to hold the EMA might create the way towards lower support of $107,245. FORECAST If Bitcoin can hold support above the 50-day EMA at $113,403, bull momentum may extend, possibly carrying price toward the $116,000 resistance zone. Ongoing institutional buying, combined with traditionally good October performance and imminent altcoin ETF offerings, may further propel price higher, supporting the overall ‘Uptober’ bulls in the market. But there are risks that can initiate short-term falls. A break of the 50-day EMA can have BTC retesting support around $107,245. Also, factors like the US government shutdown, postponed economic data releases, and low liquidity on Asian banking holidays can induce short-term volatility and restrict near-term upside potential.

Bitcoin Crypto

Bitcoin Weekly Outlook: Institutional Appetite and Fed Rate-Cut Speculation Power BTC Rebound Towards $120K

Bitcoin rebounded almost 4% this week, rising back towards $112,000 as solid institutional flows and increasing corporate uptake helped stabilize downside pressure. Investor sentiment firmed following softer US labor market numbers lifted rate-cut hopes at the Federal Reserve, which may help support risk assets such as BTC further. With more than $400 million of inflows into spot Bitcoin ETFs and companies like Metaplanet and CIMG building reserves, institutional demand continues to be the primary driver. Yet, traders are cautious ahead of the US Nonfarm Payrolls report, which may define the Fed’s rate-cut trajectory and determine the direction for Bitcoin’s next move. KEY LOOKOUTS • Friday’s US Nonfarm Payrolls report might affect rate-cut expectations directly, impacting BTC’s momentum. • Ongoing flows into Bitcoin ETFs and institutional buying are pivotal in maintaining price gains. • BTC has to stay above $110,750 support and overcome $116,000–$117,400 resistance to continue gains towards $120K. • Crypto Fear & Greed Index recovery into neutral indicates bearish pressure easing, though caution is advisable amidst conflicting momentum signals. Bitcoin has mounted a steady recovery this week, recouping almost 4% to trade at about $112,000 as institutional buying and corporate uptake continue to underpin price action. Sentiment on possible Federal Reserve rate cuts, after softer US labor market data, has also helped drive risk-on sentiment in the cryptocurrency market. Spot Bitcoin ETFs recorded more than $400 million in inflows, with companies like Metaplanet and CIMG increasing their BTC holdings, highlighting increased confidence from institutional investors. Traders are still cautious, however, ahead of the US Nonfarm Payrolls release, which may give new hints on the policy direction of the Fed and establish the tone for Bitcoin’s next significant movement. Bitcoin recovered almost 4% this week to trade at around $112,000, backed by firm ETF inflows and business buying. Weaker US labor data supported Fed rate-cut hopes, although traders are waiting for the NFP report for new direction. • Weaker US labor data lifted hopes for September rate cuts, supporting BTC’s bounce. • Jobs data on Friday may determine the next significant directional move for BTC. • Spot Bitcoin ETFs experienced $406 million in inflows during the week, indicating strong demand. • Companies such as Metaplanet and CIMG increased Bitcoin reserves, upholding long-term support. • Important supports are at $107,429 and $110,750, with resistance between $116,000–$120,000. • Recovery of Fear & Greed Index to 48 indicates weakening bearish pressure and neutral sentiment. • Global appetite for risk and performance of USD continue to play key roles in determining BTC momentum. Bitcoin’s rally during the week was largely driven by institutional and corporate buying, which continues to cement its position as a long-term investment vehicle. Over $400 million of inflows into spot Bitcoin ETFs registered for the second consecutive week of gains, and bluechip companies such as Metaplanet and CIMG added to reserves. These strategic buys reflect increasing faith in Bitcoin as a treasury holding and underscore the expanding acceptance of the cryptocurrency among traditional financial institutions. Meanwhile, a study by River uncovered that BTC is among the largest daily purchasers of Bitcoin by treasury companies, with companies investing significantly more than a token portion of their revenues into the asset, which reflects increasing grassroots adoption. BITCOIN DAILY CHART PRICE SOURCE: TradingView At the macroeconomic level, hopes for Federal Reserve interest rate cuts have contributed to the bull run, as deteriorating US labor market numbers strengthened the argument for less monetary tightening. The scenario has enhanced the attractiveness of Bitcoin as a store of value, particularly as traditional fiat currencies come under growing pressure. Adding to the optimism, voices such as Ray Dalio stressed crypto as a sound money with controlled supply versus debt-bloated fiat systems. As the Crypto Fear and Greed Index moved back into neutral levels, investor sentiment appears to be stabilizing, indicating that market participants are slowly regaining confidence in Bitcoin’s long-term direction. TECHNICAL ANALYSIS Bitcoin regained steam after rebounding from its weekly low close to $107,429 and is currently trading around $112,000. BTC on the 4-hour chart broke out above a downtrend line a while back during the week and is presently indicating bullish strength with the backing of a bullish RSI reading above 50 and a possible MACD bullish crossover. The chart for the day indicates that BTC was trading above its 100-day EMA at $110,753, confirming its short-term strength. As long as the rise persists, the near-term resistance would be around $116,000–$117,400, whereas a clean breakout over those levels could pave the way to the crucial psychological level of $120,000. FORECAST If institutional investment and corporate adoption keep coming in at the same rate, Bitcoin may extend its recovery towards the $116,000–$117,400 range in the immediate term. A decisive break above these resistance levels should set the stage for a retest of the psychological landmark at $120,000. Favorable macro conditions, including Fed rate-cut expectations and softening US Dollar strength, may further fuel risk-on sentiment and draw further inflows into Bitcoin, propelling it higher. Conversely, if the US Nonfarm Payrolls figure comes in better-than-anticipated, it might temper Fed rate-cut expectations and push Bitcoin’s price lower. Not being able to stay above near-term support at $110,750 might expose BTC to further losses, with a test of $107,429 likely if bears gain more momentum. Also, a reversal in investor sentiment towards risk aversion or redemptions from spot ETFs may cap Bitcoin’s rebound and keep the market under bear pressure in the near term.

Bitcoin Crypto

Bitcoin Weekly Forecast: BTC Sinks Below $110K Following $1.8 Billion Liquidations

Bitcoin continued to fall this week, dipping more than 10% below its August high of $124,474 and below $110,000 on the back of $1.8 billion in market-wide liquidations, the majority of which were from long positions. Even in light of dovish remarks by Fed Chair Powell and consistent institutional inflows into spot Bitcoin ETFs, market sentiment remains weak as spot demand offsets and futures remain bearish-leaning. Corporate demand, such as new BTC buys from treasury companies, gives some respite, but technicals indicate fading momentum, prompting traders to be wary before September’s critical macroeconomic releases and the Federal Reserve’s policy announcement. KEY LOOKOUTS • BTC below $110,000 with major supports at $108,600 and $104,400; a close below may initiate greater losses. • Spot Bitcoin ETFs have seen more than $567 million inflows this week, a bullish sign that can aid recovery if maintained. • Coming US core PCE inflation data and the Fed meeting in September have the potential to trigger volatility and dictate BTC’s direction. • Neutral spot demand vs. bearish perpetual futures indicate risk-averse trader attitudes and latent short-term downward risk. Bitcoin struggled to maintain ground this week, falling to below $110,000 after a sharp correction of over 10% from its record mid-August high. The sell-off prompted more than $1.8 billion in liquidations, the lion’s share being from long positions, highlighting excessively bullish market leverage. Although dovish comments by Fed Chair Powell and fresh institutional inflows into Bitcoin ETFs provided some relief, spot demand has switched to a neutral bias and sentiment in futures is weak. As technical indicators signal diminishing momentum, the near-term fate of BTC relies on critical macroeconomic data and if buyers intervene to support critical support levels. Bitcoin is still in the bearish trap after it had fallen more than 10% from its all-time high, declining below $110,000 on the backdrop of $1.8 billion liquidations. Even with ETF flows and institutional buying, market sentiment remains weak as investors wait for key US inflation figures and Fed policy signals. • Bitcoin dropped more than 10% from its all-time high of $124,474, trading below $110,000 this week. • The crypto market witnessed $1.8 billion in liquidations, where 74% were from long positions. • Fed Chair Powell’s dovish comments did not prop up BTC, as bearish pressure continued. • Spot Bitcoin ETFs had $567 million of inflows, indicating renewed interest from institutions. • Institutional buyers such as Metaplanet and Strategy purchased 3,184 BTC, riding down price movements. • Technical indicators indicate decreasing momentum, with RSI moving lower and MACD indicating a bearish crossover. • The next significant move for BTC may be powered by key events in the near future—US core PCE inflation figures and the Fed meeting in September. Bitcoin struggled through a week as the crypto sector digested more than $1.8 billion in liquidations, predominantly among long positions, exposing the dangers of over-leveraged trading. Institutional and corporate investors remained strong despite the sell-down, and Bitcoin spot ETFs posted inflows exceeding $567 million after a week of catastrophic outflows. Other corporate treasuries, including Metaplanet and Strategy, also seized the opportunity, accumulating thousands of BTC to their total, reaffirming faith in the asset’s long-term value. BITCOIN DAILY PRICE CHART SOURCE: TradingView Aside from market movement, the presence of Bitcoin globally continues to grow. The Hong Kong Bitcoin Asia conference, the second-largest cryptocurrency conference worldwide, reflected the increasing dominance of BTC in the Asian market. At the same time, Donald Trump’s sons-backed American Bitcoin is set to list on the Nasdaq via a merger with Gryphon Digital Mining, an initiative which can further solidify Bitcoin’s acceptance into the mainstream. These moves speak to Bitcoin’s durability and the constant inclusion of digital assets in both institutional investment portfolios and the world’s financial markets. TECHNICAL ANALYSIS Bitcoin displays weakening momentum after three consecutive weeks of losses since its all-time high of $124,474 in mid-August. The price fell below its 100-day Exponential Moving Average (EMA) level of $110,849, increasing the danger of sliding further towards the 200-day EMA level around $103,974 if selling continues. Relative Strength Index (RSI) on the daily chart stands at 39, indicating strong bearish momentum, but the weekly RSI has moved slightly towards neutral, indicating waning bullish strength. The Moving Average Convergence Divergence (MACD) is also indicating a bearish crossover, suggesting potential for an early downtrend to develop unless BTC recovers past resistance of $116,000. FORECAST If Bitcoin can resist falling below the $110,000 level and continue to receive institutional inflows into spot ETFs, the recovery could stretch towards near-term resistance levels around $116,000. Institutional buying including corporate treasury buying, combined with more robust global adoption indicators like the impending Nasdaq listing of American Bitcoin, can further fuel sentiment. Alternatively, a dovish result from the Federal Reserve’s September meeting or declining US inflation numbers would also offer upside support, enabling BTC to recover lost ground and potentially stabilize above critical levels. Alternatively, unable to maintain above the 100-day EMA of $110,849 and successive selling pressure may see Bitcoin lower towards its next area of support at $104,400, with ongoing risk of testing the 200-day EMA at around $103,974. Bearish futures sentiment and declining spot demand mean that buyers are still apprehensive, making BTC susceptible to deeper corrections if macroeconomic reports surprise to the upside and move the US dollar higher. In this case, traders can expect extended consolidation or further declines before Bitcoin tries to recover again.

Bitcoin Crypto

Bitcoin Open Interest Exceeds All-Time High on Price Volatility and Picking-Up ETF Inflows

Bitcoin futures open interest has climbed to an all-time high of $80 billion as investors more and more rely on leverage to wager on rising prices, even with the cryptocurrency falling below $111,000. This escalation in open interest indicates increasing market speculation and inherent volatility, as big leveraged positions stand at risk of compelled liquidations if prices go against them. Meanwhile, sizeable inflows into spot Bitcoin ETFs—more than $2.5 billion this week—can potentially stabilize the market. Also, Bitcoin options reflect strong activity near strike prices of $110,000 to $130,000, with almost $2.76 billion in contracts about to expire, reflecting a nuanced balance of bullish and bearish wagers forward. KEY LOOKOUTS • Bitcoin futures open interest reached more than $80 billion, reflecting substantial leveraged speculation and potential for sudden market action. • If the price of Bitcoin moves against leveraged traders, they may be compelled to execute forceful liquidations that initiate sharp price falls and enhance volatility. • More than $2.5 billion in spot Bitcoin ETFs have been drawn this week, which can neutralize selling pressures from futures markets. • Almost $2.76 billion worth of Bitcoin options contracts are approaching maturity, with the most important strike prices between $110,000 and $130,000 impacting market sentiment. Bitcoin’s market is exhibiting increased activity as futures open interest hits an all-time $80 billion, a sign of strong levered wagering on price appreciation. The surge increases the risk of greater volatility, since a negative price action would force the liquidation of leveraged positions that could lead to steep sell-offs. The market is balanced somewhat, though, by strong flows into spot Bitcoin ETFs that have witnessed more than $2.5 billion invested this week, which acts to stabilize. Meanwhile, options markets remain active with nearly $2.76 billion in contracts expiring soon, centered around strike prices between $110,000 and $130,000, highlighting a complex interplay of bullish and bearish expectations ahead. Bitcoin futures open interest reached a record $80 billion, indicating heavy leveraged wagers with increasing market speculation. Even after a recent price drop below $111,000, solid ETF inflows of more than $2.5 billion this week could soothe volatility. Soon-to-expire options near important strike prices contribute to the market’s dynamic nature. •  Bitcoin futures open interest hit an all-time high of more than $80 billion on May 23, an increase of 30% from early May. •  The spike in open interest means extreme leverage and increased speculation among traders speculating on the price action of Bitcoin. •  Big levered positions heighten risk of forced liquidation when Bitcoin’s price goes against the traders, which may lead to steep price declines. •  Spot Bitcoin ETFs have witnessed over $2.5 billion in inflows this week, which could go some way to counteract selling pressure from leveraged futures positions. •  Bitcoin’s price dipped below $111,000 briefly on May 23, following its new all-time high of $112,000 the previous day. •  Bitcoin options open interest is more than $1.5 billion in strikes from $110,000 to $120,000, with more than $1 billion at the $115,000, $125,000, and $130,000 strikes. •  Approximately $2.76 billion of options contracts are about to expire, with a put/call ratio of 1.2 and a max pain price of $103,000, showing where the majority of losses are likely to be concentrated at expiry. Bitcoin’s popularity among traders only grows larger, as seen in an increase in the number of contracts being traded for futures. This increase indicates greater confidence and interest in Bitcoin’s future value. Concurrently, considerable investment is heading into Bitcoin exchange-traded funds (ETFs), making investment in Bitcoin simpler for more users through mainstream financial markets. BITCOIN DAILY PRICE CHART CHART SOURCE: TradingView The market right now is a combination of excitement and wariness, with investors eagerly monitoring the way these trends unfold. The high number of contracts expiring in the near future mirrors continued interest and participation from traders, which indicates that Bitcoin is still a central priority for most in the financial community. As a whole, these events underscore the increasing mainstream acceptance and fluidity of the cryptocurrency market. TECHNICAL ANALYSIS Bitcoin’s technical environment illustrates increased action as futures open interest hits record highs, reflecting substantial leveraged positions established by traders expecting price to rise. Options information indicates strong open interest concentration at crucial strike prices of between $110,000 and $130,000, implying the levels are pivotal for sentiment. Also, the impending expiry of close to $2.76 billion in options contracts—with a put/call ratio marginally skewed towards puts—indicates a subtle equilibrium between bearish and bullish bets, with the near-term price action extremely responsive to changes in trader positioning and possible forced selling. FORECAST If Bitcoin is able to hold firm support near important levels and investor demand for spot ETFs keeps increasing, the market might experience more gains. The very high open interest in futures and options demonstrates high confidence that Bitcoin is likely to push to new all-time highs. Institutional take-up and investor sentiment towards Bitcoin as a hedge or investment increasing could drive price higher, provided broader market conditions remain friendly. Conversely, excessive leverage utilization in futures markets carries risks of steep declines. If Bitcoin’s price falls below key support levels, leveraged position liquidations at disadvantageous prices may intensify selling pressure, resulting in steep price drops and heightened volatility. Moreover, the high number of expiring options contracts near maturity can create price fluctuations as traders roll over or close positions, contributing to market uncertainty in the short term.

Bitcoin Crypto

Bitcoin Stabilizes at $105,000 Resistance with Increasing Institutional Appetite and International Trade Hopes

Bitcoin is presently holding steady at around $103,000 after persistently probing the crucial $105,000 resistance level week after week. This uptrend is complemented by increasing institutional appetite, such as major corporate Bitcoin buying and continuous inflows into US spot Bitcoin ETFs. Hope for global trade agreements, including the reduction of tariffs between the US, China, and the UK, and the softer US inflation data, have boosted risk-on attitudes in markets. Traders, however, need to exercise caution amid profit-taking cues from owners and market volatility initiated by the second round of repayments on the collapsed FTX exchange. Technical gauges indicate declining bullish pressure, emphasizing the chances of a pullback if Bitcoin is unable to break above resistance. KEY LOOKOUTS • Bitcoin has not been able to close above this important level several times and thus is a significant hurdle to continued upside momentum. • Large-scale buys by companies such as Metaplanet and DDC Enterprise, as well as consistent spot ETF inflows, continue to underpin the bullish argument. • More recent tariff cuts and softer US CPI readings are fueling risk-on sentiment, which is likely to favor Bitcoin’s price action. • Rising realized profits among holders and bearish technicals like the RSI and MACD call for caution, as these may prompt a short-term pullback. Bitcoin’s immediate task is still to overcome the formidable resistance at $105,000, which has been tested a number of times but not broken. At the same time, increasing institutional and corporate demand, epitomized by massive Bitcoin buys and steady ETF inflows, is increasingly supporting its appeal as a strategic asset. Favorable news on world trade agreements and lower US inflation readings are also driving the risk-on tone that may underpin further advances. However, caution is warranted as profit-taking by holders and bearish technical indicators like the RSI and MACD signal the potential for a short-term pullback if the resistance holds. Bitcoin faces a critical test at the $105,000 resistance level amid strong institutional demand and positive global trade news. While risk-on sentiment supports potential gains, profit-taking and bearish technical signals suggest caution ahead. • Bitcoin price is range-bound at $103,000 following several biddings off the $105,000 resistance level. • Recent global trade agreements among the US, China, and UK have relaxed tariff tensions, lifting market sentiment. • Less-than-expected US inflation data has underpinned bets for future Federal Reserve interest rate reductions. • Institutional investors such as Metaplanet and DDC Enterprise are buying large sums of Bitcoin as a strategic reserve. •  US spot Bitcoin ETFs remain experiencing solid inflows, indicative of increasing institutional appetite. •  Profit-taking by owners following recent price appreciation may enhance selling pressure and cause short-term correction. •  Technical indicators such as the RSI and MACD are indicating diminishing bullish momentum, recommending caution for investors. Bitcoin’s recent stability around the $103,000 level indicates increasing optimism fueled by favorable trends in international trade and rising institutional demand. Significant trade deals between the US, China, and the UK have reduced tariff tensions and increased risk asset confidence, including Bitcoin. Coupled with this, milder US inflation readings have strengthened expectations of cuts in interest rates by the Federal Reserve in the future, further incentivizing investors to look at assets with higher growth prospects. This favorable macroeconomic environment is driving steady demand for Bitcoin as a strategic asset. BITCOIN DAILY PRICE CHART CHART SOURCE: TradingView Corporate adoption of Bitcoin is also accelerating, with firms like Metaplanet and DDC Enterprise unveiling material accumulation plans to keep Bitcoin as a component of their treasury holdings. Furthermore, regulatory clarity is strengthening as nations like Ukraine consider legislation for a national Bitcoin reserve, indicating increasing sovereign interest. These trends, along with sustained inflows into US spot Bitcoin ETFs, indicate rising legitimacy and long-term confidence in Bitcoin’s place within diversified investment portfolios. TECHNICAL ANALYSIS Bitcoin has faced stiff resistance at the $105,000 level, unable to cross it despite several attempts over the last week. Momentum indicators are also indicating a weakening of bullish momentum, with some important measures indicating that traders are beginning to take profits after gains. This has seen a consolidation period, with Bitcoin stabilizing just above $100,000. If the resistance at $105,000 holds firm, Bitcoin may experience a temporary pullback to probe support levels, so it is crucial to keep an eye on price action in the near term. FORECAST Bitcoin’s outlook is positive as increasing institutional demand and robust corporate accumulation are good bases for higher prices. Favorable global trade news and de-escalating tariff tensions are boosting overall market confidence that may cause additional inflows into Bitcoin. Also, constant interest in spot Bitcoin ETFs keeps fueling liquidity and legitimacy, which could create the way for a prolonged rally if Bitcoin can break through the crucial $105,000 resistance point. Fresh buying pressure at that juncture would drive prices upwards, drawing even more investors and strengthening Bitcoin’s position as a strategic reserve asset. Conversely, Bitcoin has issues that might prompt short-term falls. Profit-taking by owners following recent price increases could add selling pressure, particularly if the $105,000 resistance level is too powerful to breach. In addition, future volatility associated with the second round of repayments from the now-bankrupt FTX exchange can send the market into a tizzy. If Bitcoin cannot hold onto momentum and drops below key support around $100,000, it could come under additional pressure as risk-averse traders close out positions, potentially creating a potential retracement before any resumed uptrend.

Bitcoin Crypto

Bitcoin Weekly Forecast: BTC Levels Out At Around $84,000 Following Regulatory Clarity and Fed Policy Cues

Bitcoin holds its ground at $84,000 this week thanks to encouraging regulatory clarity from the US SEC and sound interest rate policy cues from the Federal Reserve. Institutional buying is also recovering, as evident from healthy flows into US spot Bitcoin ETFs. Furthermore, decreasing global tensions and crypto-positive utterances by political leaders have additionally improved confidence levels in the market. As technical indicators report contradictory signals, total sentiment remains positive but with caution since Bitcoin is still acquiring mainline popularity and regulatory approval. KEY LOOKOUTS • The SEC explanation that Proof-of-Work (PoW) mining incentives are not securities boosted investor mood and may usher in new institutional investors for Bitcoin. • The Federal Reserve maintained rates steady and repeated its rate cutting projection, creating a conducive macroeconomic climate for crypto assets such as Bitcoin. • US spot Bitcoin ETFs experienced a total net inflow of $661.20 million this week, which could be an indication of a renewed surge in institutional demand and a relief from recent sell-side pressure. • The ongoing Gaza tensions and Bitcoin’s inability to hold above the 200-day EMA are reasons for concern. A more severe pullback is possible if BTC fails to regain support above $85,500. Even with Bitcoin stabilizing near the $84,000 level this week, the market continues to hang in the balance as a combination of macroeconomic drivers and geopolitical considerations remains at large to shape investor sentiments. The recent indication by the US SEC that Proof-of-Work (PoW) mining incentives do not constitute securities has given a regulatory boost with the potential to attract more institutional investment. Concurrently, the Federal Reserve’s stance in keeping interest rates unchanged and reaffirming its rate-cut projection has provided a positive environment for risk assets such as Bitcoin. Further, the significant net inflow of $661.20 million into US spot Bitcoin ETFs indicates a potential resurrection in institutional demand. Still, increased geopolitical tensions push, especially in Gaza, and Bitcoin’s failure to hold above the 200-day EMA mean caution continues to be justified in the short term. Bitcoin stays flat at $84,000 with positive regulatory clarity and consistent Fed policies. Solid ETF inflows indicate increasing institutional demand, but geopolitical tensions and technical resistance at the 200-day EMA make caution prudent in advance. • Bitcoin price steadies at $84,000 after recovering 2% for the week. • US SEC makes it clear PoW mining rewards aren’t securities, with improving market sentiment. • The Federal Reserve leaves interest rates unchanged and holds rate cut projection for 2025. • US spot Bitcoin ETFs see a net inflow of $661.20 million, with increased institutional demand. • BTC briefly reached $87,000 but couldn’t hold above its 200-day EMA, reflecting technical weakness. • Geopolitical events, such as the Gaza conflict and US-Russia-Ukraine negotiations, remain in the minds of investors. • If BTC cannot retake the 200-day EMA at $85,500, then a correction to support levels of $78,258 is likely. Bitcoin remained resilient this week, maintaining its ground around the $84,000 mark against general market uncertainties. One of the main drivers behind this stability is the encouraging regulatory progress from the US Securities and Exchange Commission (SEC), which made it clear that Proof-of-Work (PoW) mining rewards do not fall under securities. This move has generated a big increase in investor sentiment and indicated a more positive approach to the crypto market. In addition to this, the Federal Reserve’s commitment to holding interest rates and keeping its rate cut view for the year has also boosted sentiment in financial markets, including cryptocurrencies like Bitcoin. BITCOIN Daily Price Chart Chart Source: TradingView Furthermore, the substantial inflow of $661.20 million into US spot Bitcoin ETFs indicates renewed institutional investor appetite, reflecting increased confidence and long-term hope in the market. Other positive global events, including diplomatic negotiations among the US, Russia, and Ukraine, have also been contributing to reducing some of the investor anxiety. Additionally, President Donald Trump’s friendly attitude toward crypto, particularly his speech during the Digital Asset Summit, further contributed to the general positive storyline for the space. As Bitcoin keeps gaining acceptance from the mainstream and institutional investment, such developments become instrumental in defining the future direction of digital assets. TECHNICAL ANALYSIS Bitcoin encountered resistance after touching briefly the $87,000 threshold earlier in the week but found it difficult to sustain above pivotal levels. Despite breaking above the 200-day Exponential Moving Average (EMA) initially, it could not sustain that level of support, which could indicate short-term vulnerability. The Relative Strength Index (RSI) also showed losing momentum, moving below the mid-point 50 level. If Bitcoin is able to retake and maintain above the 200-day EMA around $85,500, it may continue its rally towards the $90,000 psychological level. But if it fails to retake this level, it may pull back towards the next significant support level around $78,258. FORECAST Bitcoin is able to retake and hold above the 200-day Exponential Moving Average (EMA) around $85,500, it may indicate a continuation of the bullish trend. Bullish macroeconomic signals, regulatory guidance by the SEC, and robust institutional flows via spot ETFs can be the stimulus needed for BTC to test the $87,000 resistance area again. If a breakout occurs above this threshold, it will clear the way for the next important psychological target of $90,000, which will continue to draw more buyers and further solidify general market sentiment. On the negative side, though, if Bitcoin cannot retake support at the 200-day EMA and keeps facing selling pressure, it can activate a deeper correction. The subsequent important support comes at around $78,258, and breaking below that may increase bearish sentiment. Rising geopolitical tensions or declining ETF inflows are also possible causes of increased selling pressure. In this scenario, investors are likely to adopt a risk-off strategy, causing further short-term downside action.