BTC Price Forecast: BlackRock ETF Dominance Drives Bullish Momentum

The shift in sentiment toward BTC-linked products aligns with Trump’s pro-crypto agenda and election win.

Progress toward a US strategic BTC reserve could establish the US government as a BTC ‘HODLER.’ This would mitigate oversupply risk, further tilting the supply-demand balance in BTC’s favor.

BTC Price Outlook Tied to ETF Demand and SBR Progress

BTC price trends will likely depend on ETF flows, new BTC-linked product launches, and US government activity. Continued BTC-spot ETF market inflows, regulatory clarity, and progress toward an SBR could drive BTC toward $120k.

Conversely, any US government BTC transfers or a sharp fall in demand for BTC-spot ETFs may trigger oversupply concerns, potentially pulling BTC below $95k.

This week, the Fed interest rate decision, FOMC economic projections, and FOMC press conference need consideration. A hawkish Fed rate cut may temper BTC demand, though the incoming administration’s plans for an SBR remain crucial.

Dive deeper into the influence of BTC-spot ETF market flows on price action. Follow our analysis and forecasts to manage crypto-related risks.

Technical Analysis

Bitcoin Analysis

BTC sits well above the 50-day and 200-day Exponential Moving Averages (EMA), sending bullish price signals.

A return to December 5’s all-time high of $103,630 could signal a move toward $110k. A break above $110k may enable the bulls to target $120k.

Investors should consider trends in spot ETF market-related news, US government BTC movements, and Trump-related news.

Conversely, a break below $95,000 will likely signal a drop toward the $90,742 support level. A fall through the $90,742 support level may bring the $86,263 support level into play.

With a 64.58 14-day RSI reading, BTC could break above its all-time high of $103,630 before entering overbought territory (RSI above 70).