According to sources, the Bitcoin price is making headlines as it moves toward the $120,000 level, which was helped by rising exchange activity and growing leverage in the market. Major institutions like Standard Chartered and VanEck expect Bitcoin to reach six figures soon.
Recent data show that Bitcoin’s Blockchain activity has increased, with the Bitcoin price currently steady around $107,906.29 after briefly reaching a new all-time high of $111,000 before dropping back to $107,000.
Experts believe the Bitcoin price prediction is staying very positive, and the $120,000 zone is seen as the next key level. Standard Chartered targets $120,000 by mid-2025 and $200,000 by year-end.
Exchange Flows Signal Heightened Trading Activity
Mid-tier investors, which means those who hold between 10 to 1,000 BTC, are driving much of the recent exchange activity. According to the latest exchange data, about 33% of all Bitcoin price volume is now moving through centralized exchanges.
This shows a sharp increase compared to earlier in the year. Experts see this as a sign that more profit-taking, increased trading, and stronger lives by smart retail traders and smaller institutions are happening.
Marcus Huang, a crypto strategist at Bitwise, said that the large amount of Bitcoin which is currently moving on exchanges shows that the market is getting ready for something big.
Leverage Builds as Futures and Options Hit New Highs
The rise in leveraged trades is another big reason behind the strong Bitcoin price prediction. Since April, Futures open interest has gone up by 51%.
It rose from $36.8 billion to $55.6 billion. The options market is also seeing a record high, with open interest rising to $46.2 billion. Traders are clearly betting that prices will go up.
Emily Carter, a senior derivatives analyst at Genesis Trading, said the leverage number shows that there is a lot of risky speculation. This also means that traders should be ready for big price swings if the market direction changes.
ETF Inflows, Halving and Institutional Confidence Fuel Sentiment
Spot Bitcoin ETF is continuing to play a big role in shaping Bitcoin price predictions. Over $300 million flows into these funds each day, adding strong buying pressure and supporting the overall positive outlook.
Even though there have been some short-term outflows, like Fidelity’s ETF recently losing $14 million, institutional demand still remains strong.
David Lin, head of digital assets research at Global X ETFs, said that Institutions are not just trying small amounts, but are completely getting involved; this steady ETF activity helps to support more Bitcoin price growth.
The 2024 Bitcoin halving has made new coins much scarcer. Experts say this supply squeeze is a big reason why the $120,000 price target looks possible. Halving often helps Bitcoin’s price to rise because fewer new coins are made while demand stays strong
| Metrics | Value | Sources |
| Current Price | $107,889.75 | Coinmarketcap |
| 24-Hour Trading Volume | $51.5B | Coinmarketcap |
| Immediate Resistance | $110,400 | Coin Edition |
| Support Level | $106,800 & $108,200 | Coin Edition |
| New All Time High | $111,970.17 | Coinmarketcap |
| Fear & Greed Index | 74 | BitcoinFear |
| Standard Chartered BTC Prediction | $120,000 | Standard Chartered via Cointelegraph, |
Resistance and Support Levels
From a technical view, Bitcoin’s position is still strong. Bitcoin is trading above important long-term support levels, including the rising 200-day moving average, which is below the current price and shows a continued bullish momentum. Its latest Fear and Greed Index is at 74, which shows Greed.
The short-term holder’s cost basis is around $95,000, and Bitcoin is staying well above this level, which adds to the positive outlook. On-chain models show that the major resistance sits between $120,300 and $135,700.
In the past, Bitcoin has only traded in this range for about 17.5% of its existence; this makes it an important zone. If the momentum continues, the next big challenge will be whether the Bitcoin price can break into this area without causing lots of investors to take profits.
Conclusion
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The Bitcoin price is holding strong, with some experts closely watching the $120,000 target. The Bitcoin price prediction is staying highly positive due to rising Bitcoin ETF inflows, increased leverage, and strong mid-tier investor activity.
Though key resistance levels might test the market’s strength, many experts believe that if the momentum continues, Bitcoin could soon break into a new price area without causing widespread profit-taking.
FAQs
1. What is the current Bitcoin price based on the latest CoinMarketCap data?
BTC is currently exchanging at a price of around $107,898.33.
2. What price target are analysts predicting for Bitcoin to reach in the coming days?
Analysts expect Bitcoin to reach $120,000 soon.
3. What factors are responsible for the Bitcoin price surge?
ETF inflows and the upcoming halving are boosting Bitcoin.
4. How does halving affect Bitcoin’s price?
It creates scarcity, which can push the price higher.
5. Who is trading the most Bitcoin recently?
Mid-tier investors holding 10 to 1,000 BTC are driving trading.
Glossary
Bitcoin Halving- An event that halves the new Bitcoin created, reducing supply.
Supply Scarcity- Less Bitcoin available to buy, which can increase its price.
Mid-tier Investors- People or groups holding between 10 and 1,000 Bitcoins.
Centralized Exchange- A platform where Bitcoin is traded under a company’s control.
Profit-Taking- Selling Bitcoin to lock in gains after a price increase.
Sources
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
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