Bitcoin Price Prediction: Could This Onchain Data Forecast a
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Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...
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Last updated:
9 minutes ago
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Bitcoin Price Prediction
Bitcoin is holding at $115,800 after up 4% this week. Institutional demand is driving the recovery. Spot Bitcoin ETFs saw $642 million in inflows on September 12, back-to-back days of big buying. For context, weekly inflows were $2.3 billion with Fidelity’s FBTC and BlackRock’s IBIT leading the way.
Fidelity recorded $315 million in daily inflows, while BlackRock drew $264 million, cementing IBIT’s role as the most active U.S. Bitcoin ETF with $3.2 billion in trading volume.
This surge coincides with expectations that the Federal Reserve could cut rates at its upcoming meeting, with traders weighing the possibility of a 25-basis-point move, and even a slim chance of a larger 50-point cut.
Lower rates would ease financial conditions and increase demand for alternative assets like Bitcoin, which has historically done well in dovish monetary environments.
On-chain data points to whale accumulation.
Beyond ETF flows, on-chain data shows large holders are accumulating. Whales have added over 237,000 BTC in recent months while smaller traders are taking profits. The number of active addresses is high, despite volatility.
Analysts say this type of accumulation typically precedes parabolic moves, with whales serving as the early drivers before retail momentum takes hold.
The market is optimistic, with the Altcoin Season Index still on the rise and capital shifting across the asset class. But Bitcoin is the first to benefit when institutions scale up.
Technical outlook for Bitcoin price.
On the technical front, Bitcoin price prediction seems...
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