Bitcoin is at a critical moment: currently hovering around $116,400, down from recent intraday highs near $120,400, as traders await the U.S. CPI report . Institutional demand remains robust, with spot‐ETF inflows totaling billions, underpinned by landmark regulatory momentum like the GENIUS and CLARITY Acts and the new strategic Bitcoin reserve executive order . Technically, resistance lies at ~$123K and support at ~$115K–112K; indicators show some short‐term bearish signals (bearish MACD, rising volatility), suggesting likely consolidation before another leg up . Consensus models forecast steady gains: short‐term targets range between $135K–$140K by late summer, while longer‑term projections vary—from conservative ~$150K–$180K through 2025 to ultra‑bullish scenarios of $300K–$700K by 2030 . In one sentence: strong fundamentals and institutional adoption under a clearer regulatory regime support a bullish trajectory, though near‑term volatility may persist before a potential breakout toward $130K–$150K, with multi‑hundred‑thousand projections by 2030 seeming increasingly plausible if momentum holds.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
1
Repost
Share
Comment
0/400
Rap_Vnuk
· 08-03 14:48
Teach me how to earn 😅 I understand that this is cheeky on my part. However, there are many things I can't comprehend, even though everything is laid out, but I have it and I don't understand what to do.
Bitcoin is at a critical moment: currently hovering around $116,400, down from recent intraday highs near $120,400, as traders await the U.S. CPI report . Institutional demand remains robust, with spot‐ETF inflows totaling billions, underpinned by landmark regulatory momentum like the GENIUS and CLARITY Acts and the new strategic Bitcoin reserve executive order . Technically, resistance lies at ~$123K and support at ~$115K–112K; indicators show some short‐term bearish signals (bearish MACD, rising volatility), suggesting likely consolidation before another leg up . Consensus models forecast steady gains: short‐term targets range between $135K–$140K by late summer, while longer‑term projections vary—from conservative ~$150K–$180K through 2025 to ultra‑bullish scenarios of $300K–$700K by 2030 . In one sentence: strong fundamentals and institutional adoption under a clearer regulatory regime support a bullish trajectory, though near‑term volatility may persist before a potential breakout toward $130K–$150K, with multi‑hundred‑thousand projections by 2030 seeming increasingly plausible if momentum holds.