{"id":135309,"date":"2025-05-21T18:58:54","date_gmt":"2025-05-21T18:58:54","guid":{"rendered":"https:\/\/teknomers.com\/en\/bitcoin-aims-for-130k-breakout-following-new-all-time-high\/"},"modified":"2025-05-21T18:58:54","modified_gmt":"2025-05-21T18:58:54","slug":"bitcoin-aims-for-130k-breakout-following-new-all-time-high","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/bitcoin-aims-for-130k-breakout-following-new-all-time-high\/","title":{"rendered":"Bitcoin Aims for $130K Breakout Following New All-Time High"},"content":{"rendered":"

Bitcoin Reaches New Heights: A $130K Target in Sight<\/h2>\n

After quietly printing a fresh record at **$109,487.23** on Wednesday, Bitcoin\u2019s spotlight has already shifted to whether a **$3.6 billion May ETF buying wave** can catapult the coin through **$120K**. Analysts now treat **$130K**\u2014once a bold call\u2014as only an early waypoint toward summer highs.<\/p>\n

A bullish **golden cross**, renewed **whale accumulation**, and soaring **basis yields** also have some desks sketching a **$150K ceiling** before year-end.<\/p>\n

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Bitcoin hits new all-time high \/ Source: CoinMarketCap<\/em><\/figcaption><\/figure>\n<\/div>\n

ETF Inflows Fuel $130K Forecasts<\/h2>\n

Investor confidence has significantly increased in **Bitcoin-focused exchange-traded funds (ETFs)** in particular. To put this rally in context, after the first **gold ETF** launched in 2004, gold prices skyrocketed about **250%** over the subsequent years. Analysts suggest Bitcoin\u2019s trajectory could mirror gold\u2019s post-ETF surge, especially given Bitcoin\u2019s **four-year halving cycles** that historically precede bull runs.<\/p>\n

In May alone, spot Bitcoin ETFs in the U.S. have attracted over **$3.6 billion** in net inflows, already exceeding April\u2019s total of **$2.97 billion** and reversing the outflows seen earlier this year.<\/p>\n

According<\/a> to data from SoSoValue, Bitcoin ETFs saw **$329.02 million** in net inflows on May 20 alone, bringing the week\u2019s total to **$996.46 million**.<\/p>\n

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Source: SoSoValue<\/em><\/figcaption><\/figure>\n<\/div>\n

This turnaround comes after a sharp dip in April when Bitcoin fell to a **year-to-date low** of **$74,393** and ETF outflows hit **$4.6 billion** between February and March. Improved macroeconomic conditions, particularly easing tensions between the **U.S.** and **China**, have also helped to restore investor sentiment.<\/p>\n

For instance, on May 8, Bitcoin ETFs reached an all-time high in total inflows, surpassing **$41 billion** since their launch in early **2024**.<\/p>\n

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ETF total net inflows just set a new high.
$41.5B in net inflows since the 11th of January 2024.
Extremely bullish for Bitcoin! pic.twitter.com\/GXeLQUlDuN<\/a><\/p>\n

— Mister Crypto (@misterrcrypto) May 16, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Leading the charge is **BlackRock\u2019s iShares Bitcoin Trust (IBIT)**, which has attracted **$6.96 billion** in year-to-date inflows, surpassing even the **SPDR Gold Trust (GLD)**, the world\u2019s largest gold ETF, which has drawn **$6.5 billion**.<\/p>\n

Technical Indicators Support Bullish Case<\/h2>\n

The long-term buying pressure from **whales** (large holders) further supports the outlook for a continued rally. \u201cBitcoin is going to all-time highs today,\u201d popular analyst **AlphaBTC** explained on May 21, pointing to a chart that showed Bitcoin trading within a **rising channel** since its April 9 rebound.<\/p>\n

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\"\ud83d\udcc8\" #Bitcoin<\/a> ATH today\"\u203c\"
Seem inevitable that $BTC<\/a> take out the ATH soon…<\/a>https:\/\/t.co\/LpBS0ZjXtw<\/a><\/p>\n

— AlphaBTC (@mark_cullen) May 21, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Order book data from **CoinGlass** shows strong buying interest just below the **$106K** mark, providing a cushion of support. From a technical standpoint, the **moving average ribbon** suggests a strong uptrend. Short-term moving averages (20- and 50-day) have crossed above long-term ones (100- and 200-day), forming a **golden cross**, a bullish indicator that often precedes extended gains.<\/p>\n

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Currently, BTC is testing the psychological level of **$110K**. If it breaks above this level with strong volume, the next potential targets could be around **$120K**, assuming no immediate macroeconomic shifts. On the downside, any short-term pullback may find support at **$102K** or the **20-day SMA** near **$101K**.<\/p>\n

Bitcoin appears set for further gains, with market observers now focusing on when, rather than if, it will reach **$130K** soon.<\/p>\n

The post **Bitcoin Pushes Towards $130K Breakout After Setting New All-Time High** appeared first on Cryptonews.<\/p>\n

Finance and Crypto News-10<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin Reaches New Heights: A $130K Target in Sight After quietly printing a fresh record at **$109,487.23** on Wednesday, Bitcoin\u2019s spotlight has already shifted to whether a **$3.6 billion May ETF buying wave** can catapult the coin through **$120K**. Analysts now treat **$130K**\u2014once a bold call\u2014as only an early waypoint toward summer highs. A bullish […]<\/p>\n","protected":false},"author":1,"featured_media":108984,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23832],"tags":[],"class_list":["post-135309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/135309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/comments?post=135309"}],"version-history":[{"count":0,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/135309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media\/108984"}],"wp:attachment":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media?parent=135309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/categories?post=135309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/tags?post=135309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}