Weekly prediction: Bitcoin is expected to consolidate around $110.9.
With intraday highs close to $113,237 and lows falling to $110,294, Bitcoin is currently trading at about $110,930, a slight 1.5% decrease from the previous close. The general feeling is still bullish despite this slight reversal; in August, institutional demand and surging investor enthusiasm propelled Bitcoin beyond $124,000.
With total assets under management in spot Bitcoin ETFs currently approaching $160 billion and nearly matching gold ETFs at $180 billion, it is evident that Bitcoin ETFs are becoming increasingly popular.
Bullish momentum might drive Bitcoin higher, according to the forecast.
Analysts are still hopeful about the future of Bitcoin. With consistent ETF inflows, regulatory support such as the Genesis Act, and the establishment of a strategic U.S. Bitcoin reserve, forecasts suggest a rise toward $200,000 over the next six to twelve months.
Due to institutional and policy tailwinds, Bernstein analysts predict a bull market that will last until 2027, deviating from the typical four-year cycle.
More cautious forecasts, however, suggest that the market will peak between $140,000 and $150,000 by the end of 2025, indicating common resistance patterns and cautioning against relying too heavilysupport such as the Genesis Act, and the establishment of a strategic U.S. Bitcoin reserve, forecasts suggest $180,000 to $250,000 on the high end, with speculative possibilities even exceeding $1 million. This range is fueled by demand spurred by ETFs, expanding adoption, and supply limits following the halving.
Key drivers: adoption, regulation, scarcity, and psychology
Several forces are shaping Bitcoin’s growth trajectory:
Institutional adoption and ETF momentum: Citi identified adoption as the primary driver behind price rises, and ongoing inflows into spot ETFs are proving to be a primary catalyst.
Regulatory clarity and U.S. policy: The Genius Act, SEC actions, and the U.S. Strategic Bitcoin Reserve are examples of legislative landmarks that support Bitcoin’s rise to prominence as an asset class.
Supply mechanics and scarcity: Institutional treasury accumulation and the post-halving cut in new supply exacerbate scarcity and pricing pressure.
Macroeconomic and psychological factors: Recent rallies have been driven by FOMO (fear of missing out), particularly as investor interest is stoked by ETFs and policy changes. More general worries about currency devaluation and the allure of fixed-supply assets lend credence to the idea that Bitcoin is “digital gold.”
As of right now, Bitcoin (BTC) is trading at $110,714—well above the MA-200 at $101,671.94, but below the MA-20 at $111,854.96 and the MA-50 at $115,157.72.
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