📰 Bitcoin (BTCUSD) Soars on Institutional Demand, Ark Invest Predicts $1.5M by 2030
📅
Jul 21, 2025, 09:10 EDT
| 🔗 Source: NewsBTC
🧠 Summary
Bitcoin's long-term holder supply hits a 15-year high of 74%, driven by growing institutional demand and ETF accumulation. Ark Invest predicts BTC could reach $1.5 million by 2030, reinforcing a strong bullish outlook for the cryptocurrency's price and long-term adoption.
💡 Why this signal?
- Bitcoin is struggling to overcome strong resistance around $119,482, indicating limited upward momentum.
- Failure to close the weekly bar above resistance could trigger bearish sentiment and a correction toward the $112,000 support zone.
- Current sideways trading suggests market indecision, with increased downside risk if the support level breaks.
📈 BTCUSD Price Trend
⏱️ Impact Timing
depending on weekly close, shortly after week end
👥 Competitor Impact
No competitors impacted.
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