BTC Price Prediction: The Road to $300,000 Under the Resonance of Technical and Funding Aspects

• Technical analysis shows divergence: Price breaks through the upper Bollinger Band, but MACD has not yet turned positive
• Institutional funds flow in record amounts, with ETF buying becoming the main price driver
• Market sentiment and celebrity effect boost short-term FOMO

BTC Price Prediction

BTC Technical Analysis: Short-term Momentum and Key Levels

According to BTCC financial analyst John, BTC's current price of 117,970.92 USDT has broken through the upper Bollinger Band (117,642.43), indicating short-term overbought signs. The 20-day moving average (109,853.43) forms support, but MACD (-3,697.24 | -2,557.63) remains in the negative zone, suggesting that medium-term adjustment pressure has not been fully relieved. If the price stabilizes above the Bollinger middle band, the next target could be the 138.2% Fibonacci extension of the historical high.

Institutional Funds Drive BTC to Historic New High

BTCC analyst John points out that under the dual positive factors of ETF fund inflows and US dollar weakness, Bitcoin is forming an 'Institutional FOMO market'. Notably, exchange net inflows are led by Binance, combined with the public declaration of increased holdings by the author of 'Rich Dad Poor Dad', and the market sentiment indicator has entered the 'extreme greed' zone. In the short term, attention should be paid to the psychological resistance at $300,000, with pullback support at $110,000.

Key Factors Affecting BTC Price

Bitcoin Surges to Historic High Amid Institutional Accumulation and ETF Fund Inflows

Bitcoin price soared to an unprecedented $119,000 this week, catching short sellers off guard after weeks of consolidation. Although there is no single catalyst for this rise, it reflects ongoing institutional demand and strategic accumulation.

US spot Bitcoin ETFs have absorbed over $2.7 billion in funds in just five trading days, with only one net outflow day since June 9. This buying pressure is synchronized with corporate treasury strategies - led by MicroStrategy's billions in purchases, with companies like Metaplanet and Semler Scientific following suit.

This breakthrough shows a structural change in market momentum. Unlike previous retail-driven rallies, this ascent is supported by deep liquidity from financial products and balance sheet allocations. When ETFs experience consecutive single-day inflows of $2 billion (as on July 10-11), the underlying assets react dramatically.

Bitcoin Net Inflows Surge, Binance Leads Exchange Fund Movements

Bitcoin recorded a cumulative net inflow of 577.61 BTC in the past 24 hours, indicating rekindled institutional interest. Binance leads the market with 545.7 BTC inflows, followed by Bitfinex with 350.73 BTC and OKX with 220 BTC.

Coinbase Pro saw a net outflow of 287.56 BTC, the highest among tracked exchanges. This divergence highlights traders' strategies of rebalancing liquidity across different platforms.

Bitcoin Remains Stable Amid US Dollar Weakness, Targeting $300,000

Bitcoin maintains at $117,761, with a weekly gain of 8%, while the US dollar continues to show weakness. The Wall Street Journal Dollar Index closed at 94.73, down 10.4% from its 2022 peak, indicating funds are moving towards digital assets as investors seek alternatives to traditional stores of value.

From a technical perspective, Bitcoin has broken through a symmetrical triangle pattern and formed a solid support at key Fibonacci retracement levels. The 50-week SMA on the 4-hour chart at $110,527 strengthens the bullish trend. Momentum indicators remain strong, with RSI at 75.5 - although in the overbought zone, it shows no divergence signs.

Macroeconomic uncertainty and ETF expectations add momentum to Bitcoin's rise. Internal Fed disagreements on interest rate policy have put the dollar in a difficult position, further driving funds towards cryptocurrencies. Key resistance levels to watch include $121,300, $124,600, and $127,600.

'Rich Dad Poor Dad' Author Bullish on Bitcoin, Plans to Increase Holdings

Bestselling book author Robert Kiyosaki reaffirms his optimistic stance on Bitcoin, announcing plans to purchase more cryptocurrencies. Kiyosaki posted on social media: "Bitcoin now over $117,000. I plan to buy another Bitcoin ASAP. Getting rich has never been this easy... even becoming a millionaire."

Kiyosaki's endorsement strengthens Bitcoin's appeal as a wealth accumulation asset. His advice to followers - "Do your research and see if Bitcoin is your path to becoming a millionaire" - reflects a broader shift in mainstream financial thinking. The author's enthusiasm is evident: "I love my Bitcoin... I love all the Bitcoin."

El Salvador Continues to Accumulate Bitcoin During Market Volatility

El Salvador added 8 more Bitcoins in the past week, bringing its national reserves to 6,236.18 Bitcoin, valued at approximately $734 million. This Central American country continues its aggressive cryptocurrency accumulation strategy, undeterred by recent cryptocurrency market price fluctuations.

This move reinforces El Salvador's status as the world's only country with Bitcoin as legal tender, demonstrating its commitment to the cryptocurrency experiment. Market analysts note that this purchase comes at a time of relative Bitcoin price stability, suggesting a strategic timing by the Salvadoran government.

Is BTC a Good Investment Right Now?

From a risk-reward perspective, BTCC analyst John believes BTC currently has three investment advantages:

Note: The MACD histogram has not yet turned positive, so it is recommended to adopt a 'buy on dips' strategy, keeping position sizes to 15%-20% of total assets.