With strong fund inflows into the Bitcoin (BTC) spot ETF continuing, an analysis suggests that Bitcoin's price can expect further increases to $110,000 (approximately 152.9 million won). If Bitcoin maintains levels above $105,000 (approximately 145.95 million won), major altcoins such as Hype, Bitcoin Cash (BCH), Aave (AAVE), and OKB are also expected to see concurrent rises.
Recently, Bitcoin formed a 'Doji' candle pattern on the weekly chart, where buying and selling pressures were evenly matched, indicating market uncertainty. Despite potential short-term adjustments, experts remain optimistic about Bitcoin's medium to long-term trend. Particularly, there are bullish scenarios suggesting it could rise to between $140,000 (approximately 194.6 million won) and $270,000 (approximately 375.3 million won) by 2025.
Global geopolitical risks have not significantly disrupted investment sentiment. While tensions between Israel and Iran temporarily pressured Bitcoin prices, investors maintained composure and showed positive responses to the ETF market. According to investment firm Farside Investors, US Bitcoin spot ETFs saw net inflows of $86.3 million (approximately 119.9 billion won) on Thursday and $301.7 million (approximately 419 billion won) on Friday. Consequently, the cumulative inflow for the week reached $1.37 billion (approximately 1.9043 trillion won).
Such strong buying pressure and resilience to geopolitical shocks reflect Bitcoin's robust demand base. The market anticipates that even if Bitcoin undergoes a short-term adjustment, the bullish trend is likely to continue.
Real-time news...Go to Token Post Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
