Bitcoin Tests Support Levels Amid Rising ETF Inflows With Potential Year-End Price Gains

Key Points

1. Bitcoin's price is consolidating between $112,000 and $117,000, testing key support levels as ETF inflows reach record volumes.

2. Institutional assets under management in Bitcoin ETFs have surged to $162 billion, reflecting growing confidence from large-scale investors.

3. John Glover, CIO of Ledn, forecasts Bitcoin could climb to $135,000-$140,000 by the end of 2025, driven by strong capital inflows.

4. On-chain data shows a slight slowdown in 30-day capital inflows, suggesting a short-term consolidation phase but supporting long-term price appreciation.

5. Historically, Bitcoin's price has tested support levels during post-halving years before entering significant upward trends, with analysts expecting a bullish cycle.