Signs Point to Continued Strong Gains for Bitcoin

Bitcoin is on a strong upward trajectory, with a short-term target of $132,000 to $138,000, fueled by record-breaking ETF inflows and positive on-chain signals.

Signs Point To Continued Strong Gains For Bitcoin

Based on historical data and current market signals, Bitcoin is poised for a potential 10–15% rally, targeting the $132,000–$138,000 range in the short term. This momentum follows the breakout of its previous all-time high at $111,800, marking the beginning of a new price discovery phase.

Over the past week, Bitcoin recorded its strongest performance since May, rising 8.74% and closing at a record high of $119,310. Notably, in the early hours of Monday, BTC touched a new peak of $123,100 on Binance before slightly retracing to around $120,000.

On-chain Data and Market Sentiment Support the Bullish Outlook

Net Asset Value
Net Asset Value

On-chain metrics suggest further upside potential. One key indicator is the Net Asset Value (NAV) deviation — which measures the gap between the market price and average acquisition cost for short-term holders — currently sitting at 16%. This reflects mild optimism and remains well below the 30–35% range often associated with excessive FOMO and local tops.

Spot trading volume surged 50% last week, according to Glassnode, yet it still lags 23% behind the year-to-date average. This indicates that the market is far from overheated and still has room to grow.

ETF Inflows Emerging as a Key Catalyst

Spot Bitcoin ETFs continue to shine. On Thursday alone, they attracted $1.18 billion in inflows — the second-highest daily total on record. According to Ecoinometrics, these inflows now act as a strong “buy” signal, a notable shift from their previously neutral stance.

Additionally, the Coinbase Premium — which tracks the price gap between Coinbase and Binance — has maintained a positive 14-day simple moving average (SMA-14) for the longest stretch since the start of the current bull cycle. This suggests consistent buying pressure from U.S. retail and institutional investors.

Short-Term Price Target: $132K–$138K

Short Term Price Target
Short Term Price Target

Having broken past its previous high, Bitcoin is now in uncharted territory, a phase often accompanied by significant rallies. In past cycles, BTC surged 167% after breaking $20,000 in late 2020 and gained 49% after breaching $69,000 in late 2024. However, historical patterns show that the magnitude of gains has been gradually decreasing.

Following this trend, analysts now expect a more moderate 10–15% increase before a short-term correction occurs. This sets a reasonable short-term price target between $132,000 and $138,000 in the coming one to two weeks.

Love

0.0/5

Love

Latest

Binance.us Accused Of Political Favoritism After Listing Trump Family’s Usd1 Token

News | Editor Choice | Policy & Regulations

Binance.US Accused of Political Favoritism After Listing Trump Family’s USD1 Token

Binance.US is facing a wave of fierce criticism after listing the Trump family’s USD1 stablecoin, just a week after Donald Trump’s controversial pardon of Changpeng Zhao — a move many see as a “political favor” between the White House and the crypto world.

Spacex Moves $31 Million In Bitcoin, What Is Elon Musk Planning

News | Bitcoin | Editor Choice

SpaceX Moves $31 Million in Bitcoin, What Is Elon Musk Planning?

SpaceX’s sudden $31 million Bitcoin transfer within just one week has sent shockwaves through the market, sparking speculation that Elon Musk may be preparing for a mysterious strategic move.

21shares Files For Hype Etf, While Bitwise’s Solana Etf Records

News | Altcoin | Editor Choice

21Shares Files for HYPE ETF, While Bitwise’s Solana ETF Records

The crypto ETF market is heating up as 21Shares and Bitwise roll out new products, signaling Wall Street’s growing interest in altcoins.

Bitcoin Eyes A Hopeful November Amid Fed Division On December Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Eyes a Hopeful November Amid Fed Division on December Rate Cut

Following the Federal Reserve’s widely expected rate cut, the crypto market has yet to show signs of recovery as internal divisions over a potential December easing weigh on sentiment, making Bitcoin’s short-term outlook more cautious than ever.

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

Screenshot 2025 10 20 091338