btc

In a stunning show of institutional conviction, Bitcoin ETF inflows have defied the recent price dip, pouring another $876.5 million into the funds on October 7. This marks the seventh consecutive day of positive flows, bringing the total haul over this bullish streak to over $5.3 billion. While Bitcoin’s price faced a minor rejection at the $124,000 resistance level, the big money is clearly seeing this as a buying opportunity, not a reason to flee.

BlackRock Dominates The Bitcoin ETF inflows

The story, as often is the case, was dominated by a single player. BlackRock’s IBIT ETF was the undisputed champion, single-handedly attracting a massive $899.4 million in fresh capital. Valkyrie’s BRRR followed distantly with $4.8 million. The only blemish was a $28.6 million outflow from Grayscale’s GBTC, which was more than offset by the colossal inflows elsewhere. This consistent demand, even during a cooldown, signals that institutions are playing a long-term game, using dips to accumulate.

A Healthy Correction, Not a Trend Reversal

From a technical perspective, this pullback looks more like a healthy breather than a bearish reversal. Bitcoin is currently trading around $122,392, down a modest 1.5% on the day. Crucially, key momentum indicators are resetting perfectly. The RSI has cooled from overbought territory to a balanced 63, while the MACD remains firmly in bullish alignment.

The $120,000 psychological level is now the key support to watch. A hold above it keeps the bullish structure intact for a potential rebound toward $126,000. However, a break below $119,500 could trigger a deeper flush toward the $116,000-$117,000 support zone.

My Thoughts

This is exactly what you want to see in a strong bull market: price dips are met with institutional buying, not panic selling. The relentless Bitcoin ETF inflows are creating a formidable floor of demand. This doesn’t mean we can’t go lower, but it significantly reduces the probability of a deep, sustained crash. The path of least resistance remains upward as long as these flows continue.

Bitcoin has achieved a monumental milestone, surging to a new Bitcoin all-time high above $126,000. This record-breaking rally is largely driven by the ongoing U.S. government shutdown, which is fueling a “debasement trade” as investors seek a safe-haven asset.

Shutdown Fuels Rally to New Bitcoin All-Time High

The new Bitcoin all-time high coincides with significant political uncertainty. Data from Polymarket indicates a 72% chance the government shutdown will persist until at least October 15.

Consequently, investors are flocking to Bitcoin as a hedge against economic instability. Since the shutdown began on October 1, BTC has rallied nearly 10%, with spot ETFs recording a massive $3.24 billion in net inflows last week alone.

Analysts Predict Further Gains

Following the new Bitcoin all-time high, analysts are forecasting even more upside. Banking giant Standard Chartered predicts a surge to $135,000 in the near term and $200,000 by year-end.

Prediction markets reflect this optimism, showing a 68% chance Bitcoin hits $130,000 this month. The combination of institutional ETF demand and macroeconomic uncertainty creates a powerful bullish narrative.

The Technical Outlook

The path to this Bitcoin all-time high has been characterized by a steady grind within a bullish channel. Analysts suggest that if this momentum holds, a test of the $135,000 level is highly probable before October concludes.

Bitcoin has surged past $120,000, approaching its all-time high. This powerful rally is fueled by massive institutional demand, with spot ETFs recording $627 million in inflows over four consecutive days. Consequently, Wall Street is issuing bold new forecasts, making the current Bitcoin price prediction a focal point for investors.

Wall Street’s Bullish Bitcoin Price Prediction

Major financial institutions are driving the optimistic narrative. Specifically, Citigroup issued a new Bitcoin price prediction, projecting a rise to $181,000 within the next 12 months. The bank cites potential ETF inflows of $7.5 billion by year-end as a primary catalyst.

However, analysts remain cautious, noting that a weakening global economy could push prices down to $83,000. Meanwhile, JPMorgan analysts observe a growing “debasement trade,” where retail investors flock to Bitcoin and gold as hedges against inflation and fiscal uncertainty.

Key Drivers Behind the Rally

The recent Bitcoin price prediction uptick is supported by several factors. Firstly, relentless ETF buying demonstrates strong institutional conviction. Secondly, the options market shows heavy trader interest in the $100,000–$120,000 range, with some speculative bets placed as high as $300,000.

Furthermore, the broader crypto market is rallying, and historically, the fourth quarter is a bullish period for Bitcoin. This combination of technical and fundamental strength provides a solid foundation for continued growth.

The Final Outlook

Ultimately, the current Bitcoin price prediction remains overwhelmingly positive. While volatility is always a factor, the convergence of institutional demand, favorable seasonality, and macroeconomic trends suggests the path of least resistance is still up.

nstitutional demand for Bitcoin has roared back. On Wednesday, Bitcoin ETF inflows reached a massive $676 million, marking the highest single-day total since mid-September and being the third day in a row . Consequently, this buying pressure helped propel the Bitcoin price above $119,000.

Breaking Down the Massive Bitcoin ETF Inflows

The recent Bitcoin ETF inflows were led by the industry giants. Specifically, BlackRock’s IBIT attracted $405.5 million, while Fidelity’s FBTC brought in $179.3 million.

This impressive haul extends a strong three-day streak, signaling a powerful reversal from the outflows seen at the end of last week. Meanwhile, Ethereum ETFs also saw substantial interest, adding $80.9 million on the same day.

Why Institutional Money Is Returning

According to analysts, this wave of Bitcoin ETF inflows is driven by macroeconomic shifts. Primarily, market expectations for a Federal Reserve interest rate cut in October have surged.

I think that the breakout zone will be $130K as it will trigger a $1.5B short squeeze that could supercharge Uptober.

We should also Highlight that $3.6T JPMORGAN SAID BITCOIN is undervalued compared to Gold and can hit $165K.

The Bottom Line

Ultimately, the resurgence of BTC ETF inflows demonstrates that institutional investors are once again using these funds as a key gateway into the crypto market. As long as macroeconomic conditions remain favorable, this renewed demand could continue to support higher prices.