Bitcoin Price Surge Toward $130K Driven by Institutional Buying and Technical Signals

Bitcoin is showing strong upward momentum as analysts predict a potential price target of $130,000 by June. Key drivers include the Wyckoff Impulse II pattern on Bitcoin’s long-term chart, growing institutional investment from firms like Twenty One Capital, and positive macroeconomic factors such as falling inflation and a reduced volatility index (VIX). This bullish environment is fueling Bitcoin’s latest rally.