Bitcoin Price Prediction: BTC Hits Record High as Dollar Collapses – Is This the Beginning of a Monetary Reset?
As talked about in my previous analysis, Bitcoin’s rally continues to reflect the collapse of the U.S. greenback, fueling hypothesis that a broader financial reset might be underway. Bitcoin (BTC) surged to $124,871, marking a new all-time high and lifting its market cap to just about $2.5 trillion, whereas gold costs climbed towards $3,880 per ounce, their highest stage ever recorded.
The Kobeissi Letter reports that the U.S. Dollar Index (DXY) has fallen greater than 10% this yr, its sharpest annual drop since 1973. This decline has coincided with hovering asset costs throughout a number of courses — from equities to commodities to crypto — as buyers abandon money in favor of scarce and inflation-resistant shops of worth.
“The S&P 500 is up 40% in six months, gold has quadrupled the index’s returns, and Bitcoin is main the cost,” Kobeissi analysts wrote, noting that the correlation between gold and equities reached an unprecedented 0.91 in 2024, suggesting a shift towards what they name a “new financial regime.”
The weak spot of the greenback is being compounded by a convergence of macroeconomic pressures: a slowing labor market, price cuts from the Federal Reserve, and rising fiscal deficits. These circumstances have traditionally benefited belongings like gold and Bitcoin.
“The USD has misplaced 40% of its buying energy since 2000,” Kobeissi added. “Investors are responding by dashing into actual belongings — the whole lot from gold to Bitcoin to equities.”
Amid this capital rotation, institutional demand for Bitcoin has intensified. ETF inflows stay sturdy, whereas on-chain knowledge signifies that wallets holding over 1,000 BTC are at their highest stage since 2022. Together, these alerts level towards structural accumulation — not speculative extra — reinforcing the concept that institutional consumers view Bitcoin as digital gold in an inflationary world.
Bitcoin Price Prediction: Bulls Eye $130K–$160K
Technically, Bitcoin’s uptrend stays intact. The coin is buying and selling close to $124,700, supported by its 50-SMA ($118,380) and 100-SMA ($115,541). The chart reveals a Bearish Butterfly harmonic sample, which can cap short-term positive aspects round the $128K–$130K “completion zone.” Still, the higher-lows construction and a bullish engulfing candle point out momentum stays sturdy.
The RSI round 69 suggests barely overbought circumstances, however that’s typical in prolonged rallies. If Bitcoin sustains assist above $121,000, it might retest the $128,000–$130,000 area quickly. A clear breakout above that stage might open a new leg towards $160K, whereas a failure to carry above $118,500 might immediate a short-term correction.
For merchants, dips close to $121,000–$122,000 current accumulation zones. With gold outperforming and the greenback weakening, Bitcoin’s rally seems much less speculative and extra structural — half of a broader revaluation of cash itself.
This shift, as soon as theoretical, is now seen on each main chart. The query isn’t whether or not Bitcoin can maintain this rise — it’s whether or not the world is prepared for what comes subsequent.
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