Bitcoin : Targeting $130,000 According To Current Trends

Bitcoin keeps defying predictions. While some proclaimed it was out of breath after its recent peaks, the market shows clear signs of renewed energy. This is no longer mere feverish speculation: on-chain data paints a much more nuanced, but terribly optimistic picture. Indicators signal a target of $130,000. The inflection point is approaching, and the signals are clear: Bitcoin has not said its last word yet.

Bitcoin fueled by accumulation: a strong dynamic

Bitcoin continues to surprise. While many expected it to be breathless after a stunning bull run, the king of cryptos is catching a new breath. Last Thursday, BTC crossed the symbolic threshold of $116,000, energized by a phenomenon that can no longer be ignored: the explosion of accumulation addresses.

These wallets, often associated with strong hands, institutions, whales, or even states, have seen their holdings increase by 71% over a month. The statistic speaks for itself: over 248,000 BTC were stored there, compared to just 148,000 a month earlier.

This buying frenzy goes beyond simple enthusiasm. It reflects renewed confidence in Bitcoin, even at historically high price levels. Notably, this accumulation surge comes at a time when BTC has already appreciated significantly, emphasizing long-term conviction, far from short-term opportunistic moves.

We see here a rebound of fundamentals: organic and persistent demand — the foundation of a healthy bull market.

And it is not an isolated phenomenon. On-chain data confirms a shift of power from weak hands to more strategic buyers. These long-term investors see every dip as an opportunity. Selling pressure decreases, while BTC’s appeal as a store of value or digital gold gains momentum again.

The $130,000 mark: a technical step, not an end in itself

The $130,900 threshold didn’t come out of nowhere. It is based on the MVRV indicator, a powerful tool to gauge the potential for profit-taking on Bitcoin. When this ratio reaches 2.75, it often signals a turning point. Currently, we are not there yet, which clearly means the rally still has fuel.

Investors attentive to the MVRV data know that such a threshold often corresponds to the start of gradual distribution, not a panic sell-off. In other words, the more cautious could begin trimming their positions around $130,000, but the majority of the market remains focused on the potential for continued upside.

Adding to this is an often underestimated factor: Bitcoin’s realized capitalization, up by $4.4 billion. Unlike classic market capitalization, it only increases when BTCs are purchased at higher prices than before. Thus, it is a clear indicator that fresh money is entering the market, confirming real interest rather than pure speculation.

Measured euphoria, a step toward $150,000?

In this context of bullish tension, some voices rise aiming even higher. Kyle Reidhead, co-founder of Milk Road, candidly mentions a target of $150,000, based on a cup-with-handle chart pattern. And he’s not alone: many technical analysts confirm this bias.

What sets this cycle apart from previous ones is the strength of accumulation ahead of the rise. No wild rush, no widespread FOMO: just a gradual climb fueled by robust fundamental signals. This apparent calm hides a powerful dynamic: a kind of bullish serenity.

If Bitcoin continues on its current trajectory, $130,000 will be just a step. But beware: as this threshold approaches, the risk of a slowdown rises. Profit-taking is inevitable, especially from actors who entered below $100,000. However, the market might very well absorb this pressure and keep moving upwards even if mainstream media aren’t talking about it much.