CNBC analysts predict Bitcoin could surge past $130,000, citing macro trends, institutional demand, and ETF momentum as key bullish drivers
CNBC analysts anticipate that Bitcoin (BTC) will surpass $130,000 in new all-time highs this week, maintaining the bullish sentiment surrounding the market-leading cryptocurrency.
Indeed, a CNBC analyst, Todd Gordon, predicts that the cryptocurrency can surmount its $111,000 ATH and surge toward $130,000 by weekly chart analysis. Gordon wrote on Tuesday, “Our objective is to achieve a 100% Fibonacci projection level of $135,000.”
Gordon posits that the recent development of BTC is primarily driven by three factors, which could propel it to $135,000. Institutional interest in the digital asset is steadily increasing.
Spot Bitcoin ETFs have significantly influenced this; firms are also trying to acquire Bitcoin as reserves.
Strategy and BlackRock are among the most prominent institutional investors, and many companies are adopting this approach.
As a consequence, Bitcoin is becoming a favorite among significant investors, resulting in a rise in its price due to increased demand.
Furthermore, the current macro-environment and global economy also establish the conditions for Bitcoin and other digital assets to play a critical role in competition with fiat currency.
Numerous nations have initiated cryptocurrency investments or established reserves for the asset as a safeguard against fiat currencies.
For instance, the United States is establishing a crypto stockpile reserve and considering establishing a Bitcoin Treasury Reserve.
Despite tariff concerns, Bitcoin has maintained its upward trajectory this year, establishing a new all-time high and influencing the rest of the crypto market. Todd Gordon and other analysts anticipate this trend will persist for the year.
BTC’s institutional interest is increasing rapidly even though Bitcoin is moving steadily. Major firms, such as Metaplanet and Strategy, hold BTC in record quantities.
Furthermore, spot Bitcoin ETFs are experiencing a resurgence. Notably, BlackRock’s IBIT Spot Bitcoin ETF recently became the fastest ETF in history to accumulate $70 billion in assets under management (AUM).
Additionally, Bitcoin’s recent surge is driven by an enhanced regulatory environment in the United States for cryptocurrencies. Over the past few months, the rise in cryptocurrency prices has been predominantly driven by the support of US President Donald Trump for Bitcoin (BTC).
The US legislative regulation of stablecoins is anticipated to increase crypto and stable value coin adoption.
CoinMarketCap reports that Bitcoin has increased by over 4% in the past 30 days. The monarch cryptocurrency is currently trading at $110,000 and is on the brink of achieving a new ATH for the second time in a month.
