Bitcoin is trading near $122,030, down approximately 1.99% in the past 24 hours, but still maintaining strong momentum after breaking new highs. U.S. spot Bitcoin ETFs recorded $1.18 billion in inflows on Monday — the second-largest daily inflow since launch. The surge in demand came as BTC touched a new all-time high near $126,000, reflecting renewed investor enthusiasm and institutional confidence. So far this month, inflows have totaled $3.47 billion in just the first four trading days of October, pushing total assets across U.S. Bitcoin ETFs close to $60 billion. BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with $967 million, bringing its total holdings to approximately 783,767 BTC, valued at nearly $98.5 billion. US spot #Bitcoin ETFs just recorded $3.2B inflows last week — the second-best week ever. Even Ethereum ETFs pulled in $1.3B. Institutions are clearly not done buying. How long before retail catches up? pic.twitter.com/fwM8aBZvSK — Crypto Tom (@e_coiny) October 6, 2025 Such sustained institutional demand reinforces BTC’s growing status as a legitimate investment vehicle, bridging the gap between traditional finance and digital assets. Gold Rally Strengthens Long-Term Outlook As gold prices surpassed $4,000 per ounce, analysts at VanEck projected Bitcoin could eventually hit $644,000 if it captures even half of gold’s market value by the 2028 halving. The comparison reflects a deepening belief that Bitcoin now functions as a digital version of gold — scarce, portable, and increasingly used as a hedge against inflation. JUST IN: $130 billion VanEck’s Matthew Sigel says, “ #Bitcoin should reach half of gold’s market cap after the next halving.” That’s “$644,000 per BTC” pic.twitter.com/cgsgYkrHTG — Bitcoin Magazine (@BitcoinMagazine) October 7, 2025 Rising tariffs, a weakening U.S. dollar, and global uncertainty continue to drive capital into hard assets like gold and Bitcoin. Many younger investors, particularly in emerging markets, now view Bitcoin as the superior store of value, signaling a generational shift away from traditional safe havens. This growing alignment between gold and Bitcoin suggests that as institutional adoption accelerates, both assets could rise in tandem, reinforcing BTC’s reputation as a digital counterpart to precious metals. Bitcoin Technical Analysis: Bullish Setup Holds On the technical front , Bitcoin remains in a strong uptrend despite short-term pullbacks. Price action is supported by both the 50-day simple moving average (around $120,462) and the 100-day SMA ($116,215), confirming that the structure remains intact. Bitcoin Price Chart – Source: Tradingview The chart shows a Bearish Butterfly harmonic pattern nearing its Potential Reversal Zone (PRZ) between $128,000 and $130,000, where temporary resistance may appear. However, the Relative Strength Index (RSI) has cooled to around 48, suggesting healthy consolidation after prior overbought readings. If Bitcoin maintains support above $121,700, it could retest $126,200 and move toward $130,000. A confirmed breakout above this range would invalidate the bearish setup and potentially open a path to $160,000 in the coming months. Record $1.18B ETF inflows spark renewed momentum as BTC consolidates near $122K. Structure remains bullish with targets at $128K–$130K, and a breakout could open a path toward $160K. Institutional demand shows no signs of slowing. #BTC #Crypto pic.twitter.com/SKbX9DgiBh — Arslan Ali (@forex_arslan) October 8, 2025 Overall, Bitcoin’s price action points to strength, not fatigue. With record ETF inflows, institutional participation, and macro tailwinds converging, BTC’s current consolidation may simply be the calm before its next major rally. Presale Maxi Doge ($MAXI) Blends Meme Power With Gym-Bro Energy Maxi Doge ($MAXI) is a meme-fueled token designed for degens who thrive on 1000x leverage and relentless hustle. More than just a meme coin, $MAXI represents a community-driven culture that fuses trading intensity with gym-bro energy, caffeine, and competitive camaraderie. By holding $MAXI, investors unlock staking rewards, trading contests, and access to gamified partner events. The smart contract has been audited by SolidProof and Coinsult, giving added confidence in the project’s foundations. Momentum is strong. The presale has already raised over $2.8 million, with tokens priced at just $0.000261. This figure will rise as the presale progresses, making early entry more attractive. $MAXI holders gain access to: Staking rewards with dynamic APYs Trading contests with leaderboard prizes Community-driven partner events and future integrations You can buy $MAXI on the official Maxi Doge website using ETH, BNB, USDT, USDC, or a bank card. Visit the Official Maxi Doge Website Here The post Bitcoin Price Prediction: $1.18B ETF Inflows Push BTC Toward $160K Rally appeared first on Cryptonews .
