Bitcoin Price Analysis: BTC Eyes $130,000 After Surging Past $126,000

Bitcoin (BTC) set another all-time high on Monday, barely a day after it broke above the $125,000 ￰0￱ flagship cryptocurrency surged past $126,000 to $126,296 before settling at $124,720. BTC is down over 1% during the ongoing session, trading around $123,369. Meanwhile, spot Bitcoin ETFs registered $1.18 billion in inflows on Monday, the second-largest daily inflows since launch and the highest since November ￰1￱ (BTC) Could Be Worth Half As Much As Gold By Next Halving Analysts believe Bitcoin (BTC) could be worth half as much as gold by its next halving, set for ￰2￱ to analysts, the recent rise in gold prices would price the asset at around $644,000 in equivalent ￰3￱ Sigel, head of digital asset research at VanEck, stated, “We’ve been saying Bitcoin should reach half of gold’s market cap after the next ￰4￱ half of gold’s value reflects its use as a store of value rather than industrial or jewelry demand, and surveys show younger consumers in emerging markets increasingly prefer Bitcoin for that ￰5￱ today’s record gold price, that implies an equivalent value of $644,000 per BTC .” Meanwhile, gold futures reached over $4,000 per ounce as traders pivoted to the asset, which has long been viewed as a safe ￰6￱ to Sigel, gold’s record price implies an equivalent value of $644,000 per ￰7￱ also stated that young investors prefer Bitcoin as a store of value, while traditional investors still prefer gold.

“Roughly half of gold’s value reflects its use as a store of value rather than industrial or jewelry demand, and surveys show younger consumers in emerging markets increasingly prefer Bitcoin for that role.” Bitcoin Reserve Funding Could Start Soon: Senator Lummis Senator Cynthia Lummis has stated that acquiring funds for a US strategic Bitcoin reserve could begin anytime, even though legislative red tape has created ￰8￱ said that while it remained a “slog” on the legislative side of things, the acquisition of funds for the Bitcoin reserve could begin at any time, thanks to President Trump. “This is a fabulous articulation of why the SBR and passing the BITCOIN Act make so much ￰9￱ is a slog, and we continue to work toward passage, but thanks to President Trump, the acquisition of funds for an SBR can start anytime.” Lummis was responding to a post by ProCap BTC CIO Jeff Park, who posted a clip of himself and Anthony Pompliano discussing a strategic Bitcoin ￰10￱ was discussing the implications if the government used its $1 trillion worth of paper gains from gold and reinvested it into ￰11￱ argued that with the government’s staggering fiscal debt, utilizing $1 trillion in paper gains was a relatively minor ￰12￱ (BTC) Price Analysis ￰13￱ Bitcoin ETFs posted their second-biggest day of inflows in history as BTC soared past $126,000 on ￰14￱ ETFs registered a cumulative $1.18 billion in net inflows on Monday, second only to November 7, 2024, when they registered $1.37 billion after Donald Trump won the US presidential ￰15￱ jump in inflows coincides with BTC’s new all-time high of $126,296 on ￰16￱ Bitcoin ETFs have registered around $60 billion since their ￰17￱ surging demand for spot Bitcoin ETFs highlights the influence of institutional investors in the bull ￰18￱ expected, BlackRock’s IBIT leads inflows, accounting for a staggering $967 million of inflows on ￰19￱ has registered over $2.6 billion in net inflows since October.

Fidelity’s Fidelity Wise Origin Bitcoin Fund (FBTC) registered $112 million in inflows, while Bitwise Bitcoin ETF (BITB) saw $60 million in ￰20￱ Grayscale Bitcoin Mini Trust registered $30 million, while Invesco, WisdomTree, and Franklin Templeton registered marginal ￰21￱ soared to a new all-time high late on Monday, breaking above $126,000 and reaching $126,296 before settling at $124,720. The rally was driven by the US government shutdown, growing institutional interest, and surging ETF inflows. ‘Uptober’ optimism has also boosted investor sentiment, with BTC up over 10% over the past seven ￰22￱ Kruger, analyst at LMAX Group, noted last month that BTC could get a seasonality boost in October because it has been one of BTC’s best-performing ￰23￱ flagship cryptocurrency has averaged a 22% increase in October since ￰24￱ has registered even bigger gains, averaging 46% in the same ￰25￱ Patel, co-founder and CEO of Mudrex, stated, “Bitcoin continues its momentum, creating a fresh all-time high of $126,198.

The broader market is also showing similar strength, with Ethereum reclaiming the $4,700 mark and BNB hitting an all-time high above $1,200. While institutional inflows continue at record levels, macro cues take center stage as markets anticipate supportive signals from the Fed. A dovish tone in the September FOMC minutes and softer US jobless claims could extend Bitcoin’s rally towards $129,000.” BTC started the previous weekend with a marginal drop on Saturday before rising over 2% on Sunday and settling at $112,197. Buyers retained control on Monday as the price rose almost 2% to cross $114,000 and settle at $114,365.

Despite the positive sentiment, BTC fell to a low of $112,695 on Tuesday. However, it recovered from this level to settle at $114,067, ultimately registering a marginal ￰26￱ sentiment returned on Wednesday as BTC rallied, rising over 4% to cross $118,000 and settle at $118,659. Buyers retained control on Thursday as the price rose 1.65% to reclaim $120,000 and settle at $120,621.