Bitcoin Nears ATH on $2.25B Spot ETF Inflows; Altcoins Rally
Spot Bitcoin ETF inflows of $2.25 billion this week have pushed Bitcoin near its all-time high of $124,474. Bitcoin ETF inflows have reignited bullish momentum, backed by positive moving average crossovers and wider market breadth. Analysts now forecast a potential surge to $150,000 by year-end, driven by safe-haven flows alongside gold. The rally has spilled over to altcoins: BNB hit a new ATH above $1,084 and eyes $1,252, Solana broke key resistance, and Ethereum climbed above its 20-day EMA toward a retest of $4,957. Traders should also watch XRP’s downtrend line near $3.00, SOL at $260, DOGE’s ascending triangle toward $0.39 and ADA’s push above $1.02. Key levels include $117,500 support and $124,474 resistance for Bitcoin and Ethereum’s 20-day EMA at $4,309. Weekly RSI divergence warns of short-term pullbacks, so apply disciplined risk management—scale entries, set stop-loss orders and monitor MA signals—to navigate higher volatility as Bitcoin tests new highs.
Bullish
Significant bitcoin ETF inflows have sharply reduced market supply and reignited bullish momentum, driving prices toward new highs. In the short term, positive moving average crossovers and altcoin breakouts signal continued upside, while RSI divergence suggests potential pullbacks that mandate cautious entry and stop-loss strategies. Over the long term, sustained institutional demand, widening market breadth and analysts’ forecasts for further gains underpin a bullish outlook, though traders should remain vigilant for volatility spikes.