Despite a 3.3% drop from its peak, Bitcoin continues to show strong interest from institutional investors, indicating its resilience in the market.
Current State of Bitcoin
Bitcoin continues to attract strong buying pressure, especially from institutional investors entering the market with large positions. This accumulation phase is fueling optimism for potential growth.
Forecasts and Growth Potential
Alexander Zahnd, interim CEO of Zilliqa, believes the next important milestone for Bitcoin could be $130,000 if the current momentum holds. "This isn’t just another speculative spike," he stated. "It’s a spot-driven rally in a stable market—reflecting a maturing crypto landscape powered by institutional confidence."
Market Risks and Support Levels
Key levels to watch include $123,200 and $126,500, with $130,000 as the next major target. However, Zahnd also flagged potential downside risks, including macroeconomic instability. Support levels around $118,950, $115,000, and $112,000 could absorb pullbacks.
Bitcoin maintains its position amid increasing interest from institutional players, while risks exist that may affect its future dynamics.
