Bitcoin Breaks Key Resistance Levels as Institutional Buying Signals Bull Cycle Ahead

• Bitcoin breaks through long-held resistance, driven by increased institutional demand.  
• Stablecoin inflows to exchanges signal a strong shift toward direct Bitcoin purchases.  
• Analysts foresee Bitcoin correction at $87–88k amid ongoing bull momentum.

This week, Bitcoin breached critical resistance levels since March, marking a substantial shift in the cryptocurrency’s price trajectory. Following months of sideways movement, the current surge aligns with projections, suggesting a bullish breakout by the end of the year. 

Several technical indicators reinforce this rise, including key Fibonacci levels, moving averages, and a notable breakout from a descending wedge formation on the weekly chart. As demand intensifies, investors are eyeing new highs, with projections now reaching up to $88,000.

Bitcoin’s price currently sits around $79,370, surpassing major historical resistance zones, bolstered by exponential moving averages (EMA) that continue to support the uptrend. The 50-day EMA, highlighted as a critical support level, has repeatedly cushioned price dips over the past year, underscoring its role in this rally. 

Analysts point to these technical signals as evidence of sustained upward momentum, anticipating a potential peak before a minor correction near the $87–88k mark.

Institutional interest in Bitcoin has notably increased, with substantial stablecoin inflows into exchanges highlighting the demand surge. Data reveals approximately $20 billion in stablecoin inflows this week alone, largely converted into Tether (USDT). 

Additionally, Tether’s recent $2 billion issuance reflects the escalating interest among large investors seeking Bitcoin exposure.

This surge aligns with reports that over-the-counter (OTC) desks, traditionally used by institutional players for large trades, are now reportedly empty, forcing buyers to acquire Bitcoin directly from major exchanges such as Coinbase.

Coinbase, a key exchange handling significant institutional purchases, has seen its stock value surge. Analysts believe this increase may continue as OTC liquidity constraints drive institutions toward spot market purchases, directly impacting Coinbase’s quarterly earnings and stock performance. 

Reports indicate that Coinbase’s $COIN stock has gained since analysts recommended it at $190, based on anticipated benefits from heightened institutional activity.

As Bitcoin gains momentum, some investors look to alternative trading platforms. Platforms like BloFin are positioned as options for investors during this volatile period, offering favorable trading terms similar to ByBit, with substantial withdrawal limits and no KYC requirements.