Bitcoin (BTC) Price Prediction: StLUNA, BTC Bull, Best Wallet Token Could Explode After Listing

Bitcoin experienced a 1.18% increase in the last 24 hours, which allowed it to move past its $106K barrier. The momentum is high enough for the world's largest crypto to hit $110,000 soon

Institutional investors are putting a strong focus on Bitcoin at present, and this is slowly pushing the BTC price toward the $110,000 level.

According to Business Standard, the world’s largest cryptocurrency experienced a 1.18% increase in the last 24 hours.

This allowed it to move past its $106K barrier, putting it in a good position to continue toward the $110,000 level. The momentum is high enough for the world’s largest crypto to hit $110,000 soon.

Moreover, institutional interest is fueling the cryptocurrency market at an unprecedented level.

This is another piece of bullish news prompting investors to find the best crypto to buy now, since the BTC price surge will definitely push the entire cryptocurrency market in an upward direction.

“Bitcoin Is Going through a Robust Upward Momentum thanks to Institutional Push” – Delta Exchange

Riya Sehgal, research analyst at Delta Exchange, noted that Bitcoin’s recent surge past $106,000 means the crypto is going through a solid upward momentum.

She highlighted that Bitcoin targeting the key resistance zones near $107,500 and breaking above the key support levels shows that there is potential to reach an all-time high.

“Institutional interest remains the key catalyst,” Riya added, “as evidenced by JPMorgan’s recent announcement to offer Bitcoin access via spot ETFs—a significant endorsement from a major traditional finance player—and Morgan Stanley’s similar moves.”

It is to be noted that a few days ago, JPMorgan’s CEO, Jamie Dimon, put up a bullish front, saying that clients of the bank can now buy Bitcoin.

“We are going to allow you to buy it,” he said at the bank’s annual investor day on Monday. “We’re not going to custody it. We’re going to put it in statements for clients.”

As Delta Exchange said, the push from traditional finance players will likely make Bitcoin a desirable asset for even the biggest skeptics within the industry.

Another major piece of evidence of institutional fuel pushing Bitcoin forward is the response to Bitcoin ETFs. These assets have seen five consecutive weeks of inflows, totaling over $600 million. BlackRock’s IBIT is leading that inflow.

Not Everything is Right on the Institutional Front

However, things are not all green when institutional interest in Bitcoin is considered. MicroStrategy—now Strategy—is facing a class-action lawsuit accusing it of misleading investors about the risks and profitability of its aggressive Bitcoin strategy during a critical growth phase.

The report came to light in the company’s filing with the U.S. Securities and Exchange Commission on May 19th, which highlighted that the plaintiff, Anas Hamza, alleges that MicroStrategy has violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5.

Things are heating up on the institutional front, creating volatility for Bitcoin that suggests the BTC price will be pushed in a positive direction soon.

Bitcoin is currently trading just around the $107,000 level and has a market capitalization of $2.12 trillion. Only a surge of 2.12% would be enough for the BTC price to reclaim its all-time high, and if the bullish action continues, reaching $110,000 will not be so difficult.

Best Crypto to Buy Now – Institutional Interest in Bitcoin May Create Bullish Conditions for These Tokens to Grow

The focus of current institutions is to create a strong support around Bitcoin so that its growth could reach levels not seen before. And since the $110,000 level could become a reality within the next few days, the following tokens will also be pushed to new highs by this storm.

BTC Bull – Bitcoin-Themed Meme Coin Most Likely to Explode After Listing

The institutional fuel pushing Bitcoin upward will definitely trickle into the meme coin market, causing it to experience explosive levels of gains. However, BTC Bull is a meme coin that could benefit the most from it.

As a meme coin designed specifically to follow Bitcoin’s bullish phase, BTC Bull has set up mechanics that could push its value higher as the BTC price breaks past new barriers.

The core of the project is the assumption that one day, Bitcoin will cross the $250K barrier. And to pay homage to that, BTC Bull will initiate token burns and Bitcoin airdrops multiple times as the world’s largest crypto crosses its key resistance points.

These levels are: $125K, $150K, $175K, $200K, $225K, and $250K. An ambitious assumption, but BTC Bull’s entire narrative is built around being bullish on Bitcoin. And considering the project has raised over $6 million already