ETF Flows Carry Bitcoin Pass $122K Despite Low Retail Interest
Bitcoin price don shoot pass $122,000 after e break di seven-year resistance trendline. Institutional demand through spot Bitcoin ETFs don record more than $1 billion net inflows for two weeks straight and $28 billion this year, BlackRock dey lead. Technical analysts dey set targets from $132,000 reach $138,000, wit projections around $135,000. Google Trends data show sey global retail searches and crypto app downloads still dey below half of end-year levels. Di halving drop to 450 BTC per day and 75% supply wey long-term holders hold don create liquidity vacuum. Bitcoin market cap don reach $2.4 trillion, e pass Amazon $2.3 trillion. Analysts dey warn sey 20%–30% pullbacks and key support at $112,000–$115,000 need to dey monitored. Traders suppose dey watch ETF inflows and technical levels to see if bulls fit keep di momentum.
Bullish
Di tinz bad for Bitcoin. Strong spot ETF money dem dey flow and e don break pass one trend wey dey block am for seven years, dis one mean say big big company dem want buy well well. People wey sabi market put target for $132,000–$138,000 and say e fit reach $135,000, dis show say market dey move well. After halving, dem no dey create new coins like before and people wey don hold plenty time don dey keep coin inside, dis one go make price go up. Even though people wey dey buy small small no too dey excited and price fit drop small, about 20%–30%, di price got place wey e no go fall pass – $112,000–$115,000, so e get to be caution. Traders suppose dey watch how ETF money dey flow and technical level to sure say trend strong.