Key Insights:
- BTC could be on the verge of creating a higher low around $80K, a retest of the accumulation range between the $54K and $71K zone.
- Bitcoin ETFs saw a 17,886% increase in week-on-week net flows.
- Whales accumulated 19,255 BTC as the cryptocurrency’s price surged by over 11%. This large-scale buying activity signals growing confidence in the market.
Bitcoin (BTC) remains the most prominent cryptocurrency in the market. BTC prediction was crucial at the time of writing due to its reclaimed $94K price level. This suggested a potential shift in market momentum.
BTC Prediction: Key Support Levels and Market Momentum
A look into BTC prediction showed the strength of its price. It was on the verge of forming a higher support level near $80K, indicating potential reversal.
The potential higher low formed after BTC price moved beyond its prolonged accumulation range of $54,538 to $71,513.5. This breakout suggested a shift toward stronger support levels.
BTC price holding above $71K–$80K would prove bullish momentum if maintained along its current structure of ascending highs and lows.
A decisive move beyond the $109,880 resistance would signal a critical market shift. This breakout could pave the way for potential price growth up to $120K.
An upward price movement became possible as long as the $109K barrier was established as new support. If the price faces rejection at current levels and drops below $80K, it could weaken bullish momentum. This decline might force a retest of the $71K range support zone.
If BTC fails to hold support above $71K, its price may drop toward the bottom of the accumulation zone near $54,538. This decline would invalidate the bullish BTC prediction, signaling a potential trend reversal.
BTC’s ability to recover $110K could determine whether the rising volume and curved structure signal demand returning to the market.
The price band between $71K and $110K has been a key benchmark for Bitcoin’s macro movements. This range continues to serve as a primary indicator for future price trends.
Weekly Bitcoin ETF Net Flows
The market shifted 180 times higher for weekly numbers, resulting in a 17,886% surge. This period stood as the third-highest weekly inflow based on historical records.
The combination of final-day inflows totaling $661M could position this week at the leading position in all-time net flow statistics above the top peak of $3.35B from November 2024.
Final-day inflows of $661M could push this week to the top spot in all-time net flow statistics. This would surpass the previous peak of $3.35B recorded in November 2024.
This pointed out BlackRock as one organization that contributed to this surging inflow activity. ARK Invest and Fidelity accounted for about 40% of this week’s inflows. This expanding institutional investor diversity strengthens long-term bullish sentiment in the market.
This inflow suggested that market sentiment suddenly turned toward harsh levels this week. The consistent inflow of funds would maintain positive pressure on BTC price rates.
BTC price could remain volatile for a short period while it adjusts to match the expectations stemming from inflows. The market-wide risk appetite could determine BTC price moves despite the strong, sustained inflows.
BTC Price Reaction After Whale Acquisition
Again, since the start of the year, whale and shark wallets holding Bitcoin have surpassed 13.47M BTC, marking their largest record. This showed their deep confidence in the market despite price swings.
Major holder investments in April contributed to the rising BTC price, which reached $94,430.89. The +11.2% price increase marked a positive market shift that usually preceded substantial changes.
Analysts noted that wallets holding between 10 BTC and 10K BTC collectively accumulated coins. This pattern in BTC prediction suggested potential future price growth.
The continuation of BTC prices required certainty that the ranges of macro resistance above $95K would endure.
The continued inflows combined with stable sentiment could increase the BTC price above $100K. Continued price decline could occur if the accumulation is not successfully continued.