Bitcoin Price Prediction: $1.18B ETF Inflows Push BTC Toward $160K Rally
Bitcoin is buying and selling close to $122,030, down roughly 1.99% previously 24 hours, however nonetheless sustaining sturdy momentum after breaking new highs. U.S. spot Bitcoin ETFs recorded $1.18 billion in inflows on Monday — the second-largest each day influx since launch. The surge in demand got here as BTC touched a brand new all-time high close to $126,000, reflecting renewed investor enthusiasm and institutional confidence.
So far this month, inflows have totaled $3.47 billion in simply the primary 4 buying and selling days of October, pushing whole property throughout U.S. Bitcoin ETFs near $60 billion. BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with $967 million, bringing its whole holdings to roughly 783,767 BTC, valued at almost $98.5 billion.
US spot #Bitcoin ETFs simply recorded $3.2B inflows final week — the second-best week ever.
Even Ethereum ETFs pulled in $1.3B. Institutions are clearly not executed shopping for. How lengthy earlier than retail catches up?
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— Crypto Tom (@e_coiny) October 6, 2025
Such sustained institutional demand reinforces BTC’s rising standing as a official funding car, bridging the hole between conventional finance and digital property.
Gold Rally Strengthens Long-Term Outlook
As gold costs surpassed $4,000 per ounce, analysts at VanEck projected Bitcoin may finally hit $644,000 if it captures even half of gold’s market worth by the 2028 halving. The comparability displays a deepening perception that Bitcoin now features as a digital model of gold — scarce, moveable, and more and more used as a hedge towards inflation.
JUST IN:
$130 billion VanEck’s Matthew Sigel says, “#Bitcoin ought to attain half of gold’s market cap after the subsequent halving.”
That’s “$644,000 per BTC”
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— Bitcoin Magazine (@BitcoinMagazine) October 7, 2025
Rising tariffs, a weakening U.S. greenback, and international uncertainty proceed to drive capital into laborious property like gold and Bitcoin. Many youthful buyers, notably in rising markets, now view Bitcoin because the superior retailer of worth, signaling a generational shift away from conventional secure havens.
This rising alignment between gold and Bitcoin means that as institutional adoption accelerates, each property may rise in tandem, reinforcing BTC’s fame as a digital counterpart to treasured metals.
Bitcoin Technical Analysis: Bullish Setup Holds
On the technical front, Bitcoin stays in a powerful uptrend regardless of short-term pullbacks. Price motion is supported by each the 50-day easy transferring common (round $120,462) and the 100-day SMA ($116,215), confirming that the construction stays intact.
The chart exhibits a Bearish Butterfly harmonic sample nearing its Potential Reversal Zone (PRZ) between $128,000 and $130,000, the place momentary resistance could seem. However, the Relative Strength Index (RSI) has cooled to round 48, suggesting wholesome consolidation after prior overbought readings.
If Bitcoin maintains help above $121,700, it may retest $126,200 and transfer towards $130,000. A confirmed breakout above this vary would invalidate the bearish setup and probably open a path to $160,000 within the coming months.
Overall, Bitcoin’s value motion factors to energy, not fatigue. With report ETF inflows, institutional participation, and macro tailwinds converging, BTC’s present consolidation could merely be the calm earlier than its subsequent main rally.
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