For Bitcoiners, the following chart is extremely satisfying, showing a double top at around $120k.

Data out of the US this week should provide guidance on how inflation is reacting to Trump’s tariffs. The news flow around this suggests tariffs, in the near term, should be inflationary for US consumers.

Cointelegraph reports that institutional flows into exchange-traded funds accelerated last week, hitting $280 million and $404 million on Thursday and Friday. “BTC’s bullish sentiment rubbed off on the entire cryptocurrency sector with several altcoins charging higher, led by Ether. “

Tether transfers on the Tron blockchain are a leading indicator of BTC price corrections, and the news – so far – is good for bulls. Whales aren’t reducing BTC exposure at current highs.

Seemingly ignoring the price action, Strategy’s Michael Saylor continues to add BTC to his already megalodon-sized stash of 628,946 coins valued at about $76 billion.

Strategy has emerged as one of the most traded stocks in the world, posting $4.4 billion in daily trading volume just behind Google (GOOG) at $4.9 billion.

Coindesk reports that the top 100 public companies now collectively own 964,314 BTC, much of it financed through capital raises that follow the MSTR playbook.

In the futures markets, bulls are in the ascendant, targeting a price of $140k in the coming months.

Cathie Wood of ARK Invest sees BTC at $1 million by 2030, based primarily on network effects (more adoption) and institutional flows. She sees the primary driver here being Bitcoin’s role as a monetary network that will expand as more users join the network.

Standard Chartered's research team forecasts $500,000 as a medium-term target, emphasizing Bitcoin's role as digital gold in an increasingly uncertain macroeconomic environment. Their analysis focuses on supply scarcity and growing demand from sovereign wealth funds, says analyst Damian Chmiel.

Ideally, a break above $123k without a bounce off this resistance level is required to keep the bulls firmly on side. After that, $140k is the target.

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