Bitcoin Eyes $130K as Wyckoff Pattern and Institutions Fuel Momentum

By: cryptofrontnews|2025/05/15 11:46:28
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Bitcoin could reach $130K by June, driven by Wyckoff Impulse II phase and bullish structure.Institutional demand rises as Twenty One Capital adds 4,812 BTC in a major accumulation move.Falling inflation and low VIX boost risk appetite, while retail BTC transactions grow 3.4%.Bitcoin is gaining momentum again as it moves closer to its all-time high. A rise in institutional interest, falling inflation, and positive macroeconomic changes are creating a bullish environment. According to the Wyckoff Pattern, Bitcoin could rally to $130,000 by June if the current structure holds.Institutional Activity and Technical Structure Support Further GainsAccording to a filing with the U.S. Securities and Exchange Commission on May 13, investment firm Twenty One Capital added 4,812 BTC to its holdings. The firm now controls a total of 36,312 BTC, with 31,500 BTC held by Cantor Equity Partners. This move adds to the rising institutional demand seen across the market.https://twitter.com/CryptosR_Us/status/1922453054361583840At the same time, technical analysts are monitoring the Wyckoff pattern forming on Bitcoin's long-term chart. According to analysis prepared by chart analyst Trader Tardigrade, Bitcoin is currently in the "Impulse II" phase. This stage has previously marked strong price increases and could push Bitcoin toward $130,000 by June.Source :Trader Tardigrade(X)Bitcoin recently tested $105,000 and is now trading near $104,000. The RSI on the daily chart sits just below the overbought level at 69.42, which suggests strong buying interest. Bollinger Bands show price candles pushing the upper band, which could signal a short-term correction if prices pull back to the 20-day SMA near $98,200.Macro Conditions Encourage Risk-On Behavior and Retail ReturnRecent macroeconomic developments are also supporting Bitcoin's upward movement. According to an observation by economist Timothy Peterson, the CBOE Volatility Index (VIX) has dropped to 20, its lowest in over a year. This signals a risk-on mood in global markets.Source :Timothy Peterson(X)Additionally, U.S. inflation eased to 2.3% year-over-year in April 2025, according to the latest Consumer Price Index report. Lower inflation may lead to future interest rate cuts by the Federal Reserve. At the same time, a recent U.S.-China trade agreement introduced a 90-day tariff pause, boosting investor confidence.According to CryptoQuant data, retail transactions under $10,000 rose by 3.4% between April 28 and May 13. Combined with institutional inflows and reduced macroeconomic fear, these factors could drive the market toward the Wyckoff target of $130,000.The post Bitcoin Eyes $130K as Wyckoff Pattern and Institutions Fuel Momentum appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

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