Bitcoin may surge toward $130,000 if it successfully maintains support above the critical $110,756 threshold, which aligns with the +2.0 sigma deviation in Glassnode’s MVRV pricing bands. This pivotal level represents a major technical foundation for sustained upward momentum.
Market analysis identifies a robust accumulation zone between $110,000 and $112,000 that could catalyze Bitcoin’s next rally. Traders emphasize that holding above $116,800 is essential for maintaining bullish momentum toward new all-time highs. The next significant resistance sits at $119,500—a level Bitcoin must decisively breach to advance its upward trajectory.
With net inflows of $82 billion over the past 30 days—substantially below December’s $135 billion peak—the market exhibits stable conditions favorable for price growth. Bitcoin’s current market capitalization stands at $2.35 trillion, while trading volume has contracted 53% to $49 billion, signaling balanced supply-demand dynamics and positioning the market for potential gains.