Crypto markets are heading into the weekend with bullish momentum

Cryptocurrency markets are heading into the weekend with bullish momentum, supported by rising institutional inflows, favorable regulatory signals and surging ETF demand.

Cryptocurrency markets are poised for a weekend of bullish activity, supported by several positive developments.

Rising Institutional Interest: CoinShares' latest report highlights a record-breaking $1.5 billion in digital assets fund flows over the past week. Of this sum, $1.3 billion went into institutional Bitcoin products.

Favorable Regulatory Signals: The U.S. Securities and Exchange Commission (SEC) has reportedly become more open to discussing Bitcoin futures ETFs with interested parties.

Surging ETF Demand: Data from ETF provider State Street indicates strong demand for crypto exchange-traded funds (ETFs).

Top Gainers:

Among the notable movers, Bitcoin experienced a surge of over 6% within the past 24 hours, pushing it to a peak of $113,000.

Trader Notes:

Crypto trader Jelle cautions against entering long positions on Bitcoin at its current price point. He anticipates "scammy price action" to deceive latecomers and breakout traders.

Instead, Jelle advises patience and suggests that buying the dips remains the preferred strategy. He maintains a bullish long-term target of $140,000 for BTC.

ShardiB2 highlights a 1-hour reversal candle on Bitcoin’s chart, hinting at potential price turbulence in the near term.

Stockmoney Lizards notes Bitcoin's recent strong pump but suggests a possible short-term shakeout, likely in the form of a sharp wick, to flush out over-leveraged longs before Bitcoin continues its upward move.

Kevin Svenson of Blofin points out that Bitcoin's 4-hour chart is unfolding in a measured move pattern. He suggests a potential pullback to $100,000 for a re-test before Bitcoin pushes toward $114,000.

Crypto Yoddha remains bullish on Bitcoin, predicting that it will catch bears off guard in the coming months. While the exact top is yet to be determined, Yoddha’s personal target range is set between $140,000 and $150,000.