Bitcoin (BTC) Price Prediction: Bitcoin Eyes $122K as Support Holds Strong Amid Institutional Inflows
The recent pullback appears more like a brief consolidation than a reversal. Buyers are actively defending key support levels, suggesting that the broader bullish trend remains intact. Analysts are closely monitoring the market for breakout opportunities as both retail and institutional activity shape Bitcoin’s trajectory.
Consolidation Supports Bullish Momentum
BTC recently retested support near $112K, where buying pressure emerged swiftly, preventing a deeper retracement. The market has been forming higher lows, reinforcing a sustained bullish bias. Short-term technical indicators suggest that if Bitcoin continues to hold its current structure, upside targets between $118K and $122K are achievable.
Bitcoin finds strong buying pressure near $112K amid FOMC volatility, remaining undervalued compared to other assets and presenting a potential buying opportunity. Source: @CryptoMichNL via X
Michaël van de Poppe, a noted crypto analyst, commented, “So far, so good for Bitcoin. Retest of lower levels to find buying pressure has been successful. A breakout from this zone could trigger renewed upside momentum.”
This pattern indicates that the current pullback is likely a temporary consolidation rather than a trend reversal. Technical charts show buyers defending key support zones, reflecting confidence in BTC’s long-term trajectory.
Institutional Demand Continues to Strengthen
Institutional inflows remain a key driver of Bitcoin’s price stability. Spot Bitcoin ETFs in the U.S. recorded $207 million in net inflows on October 29, signaling continued interest from long-term holders. Large holders—or “whales”—with 10,000+ BTC (~14% of circulating supply) are increasingly distributing tokens to ETFs, including BlackRock’s BTC ETF. This shift may reduce short-term selling pressure and strengthen overall market structure.
Bitcoin’s 4-year cycle may be ending as whales shift holdings to long-term ETFs, potentially extending the bull run into early 2026. Source: @TedPillows via X
Ted (@TedPillows), an on-chain analyst, noted, “Old whales are distributing their tokens to ETFs/institutions, which have a tendency of holding them for the long term. The Bitcoin cycle could extend till Q1/Q2 2026.”
These dynamics suggest that the traditional four-year Bitcoin cycle may be extending, allowing for a prolonged bullish phase fueled by institutional accumulation and reduced volatility from retail sell-offs.
Technical Resistance and Upside Potential
On the upside, BTC faces resistance between $115.6K and $116.2K. A decisive breakout could open the path to $119K–$122K. On-chain metrics such as the MVRV Z-Score remain below previous cycle peaks, indicating Bitcoin is still undervalued relative to historical highs.
Bitcoin consolidates above key support after a strong bullish run, with higher lows forming and potential upside toward $118K–$122K. Source: MrMartin_11 via X
MrMartin_11 highlighted the potential upside while cautioning traders: “Extraordinary market catalysts would be needed for BTC to reach extreme highs like $300K. However, current metrics suggest there is significant room for growth before overvaluation risks emerge.”
Maintaining the support structure is critical. A breakdown could test lower support levels near $107K–$109K, while a sustained breakout could fuel further bullish momentum.
Final Thoughts
Bitcoin’s short-term outlook remains bullish. Strong support zones, consistent accumulation, and ongoing institutional participation indicate that BTC could test $122K in the near term. Traders are advised to monitor key support levels and ETF inflow trends, as disruptions could influence momentum.
Bitcoin (BTC) was trading at around $111,588, down 3.13% in the last 24 hours at press time. Source: Bitcoin Price via Brave New Coin
Overall, Bitcoin is positioned for continued strength, with the potential for an extended bull cycle into 2026. As institutional adoption grows and technical structures hold firm, BTC may continue to attract attention from both retail and professional investors seeking exposure to digital assets.
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