- Bitcoin is holding strong above $94,000 as weakening U.S. economic data and surging institutional inflows signal a potential rally to $140,000.
- Analysts point to historical patterns and ETF momentum as key drivers behind the bullish outlook for mid to late 2025.
Bitcoin is holding steady above $94,000, and according to analysts, that may just be the calm before a major rally. With softening U.S. macroeconomic data and rising institutional interest, BTC appears poised to make a fresh run toward $140,000 in the coming months.
Recent data from the U.S. Labor Department showed job vacancies falling to 7.2 million—well below the projected 7.5 million—marking the weakest levels in four years. Combined with a sharp decline in consumer confidence, this has historically served as a backdrop for significant Bitcoin price movements.
Also read: Dogecoin Eyes $1 Target as Technical Patterns and ETF Developments Align
Glassnode reports that speculative activity is surging. In just five weeks, over $40 billion in BTC changed hands within one week of acquisition, doubling the so-called “hot supply.” While daily active addresses remain subdued, other indicators like NUPL and Percent Supply in Profit suggest early signs of FOMO.
Meanwhile, institutional money is flowing in rapidly. BlackRock’s iShares Bitcoin Trust (IBIT) ETF saw nearly $1 billion in inflows in a single day on April 28, bringing total net inflows to $4.5 billion in just over a week. With over $54 billion in assets under management, IBIT now commands over half of the U.S. spot Bitcoin ETF market.
Fidelity’s Bitcoin Yardstick—a valuation metric based on BTC’s hashrate—shows that Bitcoin may be undervalued at current levels, especially as Q1 data reflects a cooldown from Q4’s overheated market.
Looking ahead, historical data points to strong upside when economic uncertainty aligns with low leverage and speculative momentum. Standard Chartered forecasts Bitcoin could reach $120,000 by the end of Q2, and $200,000 by year-end, citing accumulation trends and institutional shifts away from gold.
While upcoming Fed meetings and U.S. retail sales figures will shape the near-term trajectory, analysts agree that maintaining support above $94,500 is crucial. If macroeconomic weakness continues and institutional inflows persist, Bitcoin may indeed be gearing up for its next breakout—potentially to $140,000 by October.
