Bitcoin Could Target $130K If $110K Support Level Holds, Suggests On-Chain Analysis
The post Bitcoin Could Target $130K If $110K Support Level Holds, Suggests On-Chain Analysis appeared on BitcoinEthereumNews.com.
Bitcoin Aims for $130K Supported by Strong $110K Price Floor Bitcoin’s price outlook is bullish as analysts predict a surge to $130,000, contingent on maintaining the critical $110,000 support level. The MVRV Pricing Bands model, a trusted metric among crypto experts, highlights this threshold as pivotal for sustained upward momentum. This support acts as a foundation for potential price acceleration, reflecting confidence in Bitcoin’s market resilience. How Does the MVRV Pricing Bands Model Influence Bitcoin’s Forecast? The MVRV Pricing Bands model evaluates Bitcoin’s market value relative to realized value, signaling overbought or undervalued conditions. According to on-chain analyst Ali Martinez, if Bitcoin holds above $110,000, the model forecasts a rise to $130,000. This aligns with historical patterns where similar support levels preceded major rallies. Industry expert Michaël van de Poppe also identifies key accumulation zones reinforcing this outlook. What Does On-Chain Data Reveal About Bitcoin’s Growth Potential? Recent on-chain data indicates $82 billion in net crypto inflows, suggesting robust market participation without signs of overheating. This influx primarily benefits Bitcoin, with limited immediate impact on Ethereum and other altcoins. Current metrics show a majority of BTC holders are in profit, which historically correlates with bullish price action. These insights underscore a positive market environment conducive to Bitcoin’s price appreciation. Why Is Maintaining the $110K Support Crucial for Bitcoin? Maintaining the $110,000 support level is essential as it serves as a psychological and technical floor. Past bullish cycles demonstrate that Bitcoin’s ability to sustain such support bands often triggers significant upward momentum. Failure to hold this level could lead to increased volatility and potential retracement. Analysts emphasize this support as a key determinant for Bitcoin’s next price phase. How Could Bitcoin’s Surge Impact the Broader Crypto Market? If Bitcoin surpasses key resistance levels and approaches $130,000, it could ignite momentum across…
Filed under: News - @ July 28, 2025 1:24 am