Bitcoin Range-Bound Near $121K, But Massive Inflows Hint at Breakout Toward $130K

Bitcoin (BTC) is holding a tight range around $121,000–$123,000 after tapping a fresh all-time high near $126,000 earlier this ￰0￱ the surface, demand remains robust as ￰1￱ Bitcoin ETFs just logged an eighth straight day of net inflows, with one session alone adding $441 ￰2￱ Reading: Why The Bitcoin Price Might Never Drop Below $100,000 Again Over the past week, cumulative ETF net flows have climbed by billions, pushing total Bitcoin ETF assets toward $160 ￰3￱ steady pipeline of capital, now a fixture of pension funds, RIAs, and asset managers, continues to soak up more BTC than miners create, tightening free float and muting deeper ￰4￱ setup reinforces Bitcoin’s evolving role as a portfolio diversifier and inflation hedge, especially as the ￰5￱ wobbles and macro uncertainty ￰6￱ Levels Point Bitcoin (BTC) to $117K Support, $125K–$126K Ceiling After the spike to new highs, BTC is digesting gains in a sideways band. $125,000–$126,000 remains the near-term ceiling; a decisive daily close above that zone would likely unlock momentum toward $128,000–$130,000 and extend price ￰7￱ the downside, $117,000 is developing as the first key support, aligning with a heavy cost-basis cluster and prior breakout structure.

A deeper fade could probe $114,000 near the 50-day moving average, where trend buyers may ￰8￱ indicators are neutral-to-constructive (RSI mid-zone, MACD flattening), consistent with healthy consolidation above rising ￰9￱ are watching for: Spot-led strength over derivatives (cleaner advances). ETF inflows staying positive (supports dips). Range break above $126,000 on expanding volume (bullish confirmation). BTC's price records losses on the daily chart.