Bitcoin is holding steady around $119,000 after hitting a new all-time high last week.
Though down 3.3% from its peak, BTC continues to see strong buying pressure—particularly from institutional investors entering the market with large positions. This accumulation phase is fueling optimism for another leg up.
Alexander Zahnd, interim CEO of Zilliqa, believes the next milestone could be $130,000 if momentum holds. “This isn’t just another speculative spike,” he said. “It’s a spot-driven rally in a stable market—reflecting a maturing crypto landscape powered by institutional confidence.”
Key levels to watch include $123,200 and $126,500, with $130,000 as the next major target. However, Zahnd also flagged potential downside risks, including macroeconomic instability. Support levels around $118,950, $115,000, and $112,000 could absorb pullbacks.
He added that concerns over U.S. debt, inflation, and uncertain Fed policy are reinforcing Bitcoin’s narrative as a long-term store of value—one that appears increasingly central to global financial thinking.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/btc-holding-strong-near-highs-next-target-130000/