Bitcoin traded at $118.700 on Monday, after hitting a high of $122,838 in the past week. Bitcoin is currently down by 3.3% compared to its all-time high. It could rise in charts due to the concentration of its price. BTC has been attracting a lot of buying pressure, with institutions taking positions in the millions. BTC’s value is rising as a result of this development, and it has become a top investment in the financial industry.
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Bitcoin’s next rally: projected to reach $130,000
Alexander Zahnd, the interim CEO of ZilliqaIf Bitcoin keeps on rising, the next possible target is $130,000. “Bitcoin’s move above $120,000 isn’t just another milestone. It’s a signal that crypto has entered a new phase where institutional confidence is driving consistent demand. What stands out this time is the quality of the rally. It’s spot-driven, not built on leverage, and it’s unfolding in a relatively calm market. That points to a more mature and resilient structure compared to previous cycles,” “He said”
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Next, we should be watching for $126.500. If Bitcoin continues to rally, then the next goal is $130,000. He warned that there may be downsides if markets become bearish because of price pullbacks and sales. “Looking ahead, $123,200 is the next key level to watch, with room to push toward $126,500 and potentially $130,000 if momentum holds. On the downside, support looks solid around $118,950, and deeper pullbacks toward $115,000 or $112,000 would still be healthy in the broader trend.”
Bitcoin’s pullback could result from inflation and uncontrolled US government debt. The Fed may also have bad policies on monetary policy. “At a macro level, concerns about rising debt, persistent inflation, and uncertainty in monetary policy are all reinforcing the idea of Bitcoin as a long-term store of value. That dynamic isn’t going away anytime soon. If anything, it’s becoming more central to how investors think about the future of finance. This rally feels grounded in that shift—and that’s what makes it different,” Zahnd summarized the situation.
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Source: watcher.guru
