Bitcoin Price Prediction: BTC Eyes $130K Despite Prolonged Consolidation

Highlights:

• Bitcoin is consolidating between $123,495 and $108,030
• Rally through the $123,495 could see BTC hit $130k soon
• Rally likely to be triggered by ongoing institutional adoption

Bitcoin (BTC) continues the consolidation that has characterized its price action recently. At the time of going to press, Bitcoin was trading at $112,555.50, down by 2.74% in the day. However, unlike in the last few days when BTC trading volumes have been going down despite the lack of major price action, today Bitcoin trading volumes are going up. At the time of going to press, Bitcoin was trading volumes had shot up by 120.5% to stand at $50.85 billion. This could be an indicator of two potential outcomes. 

One is that holders are starting to liquidate their holdings as the price starts to show weakness. It could also be interpreted to mean that new money is flowing into Bitcoin despite the ongoing price correction. Of these two scenarios, the odds are higher that the surge in trading volumes is due to an increase in new money coming into BTC. In such a case, the ongoing consolidation could be a precursor to a price rally. There are a couple of factors that support the flow of money into Bitcoin despite the current price weakness.

Institutions Still Buying BTC Heavily

One of them is the fact that institutions are buying Bitcoin in large amounts, a signal to their growing confidence in the number one cryptocurrency. For instance, MetaPlanet recently bought 5,419 Bitcoin at an average price of $116,724.

Metaplanet has acquired 5419 BTC for ~$632.53 million at ~$116,724 per bitcoin and has achieved BTC Yield of 395.1% YTD 2025. As of 9/22/2025, we hold 25,555 $BTC acquired for ~$2.71 billion at ~$106,065 per bitcoin. $MTPLF pic.twitter.com/CBhZi2X9lE

— Simon Gerovich (@gerovich) September 22, 2025

At the same time, a newly formed public company associated with Eric Trump is also making big investments in Bitcoin. The company known as American Bitcoin hit the market with 2443 Bitcoin worth $285 million. The company has also announced that it plans to start mining BTC.

Other big market players, such as Strategy, have also been investing heavily in Bitcoin, despite the recent lack of any major price action. Such moves correlate with the rising BTC volumes and could be an indicator that Bitcoin could be headed much higher because the more institutions buy, the more supply shrinks, which is a plus for BTC going into the future. 

Regulatory Environment Getting Better for BTC

At the same time, Bitcoin is benefiting from the improving regulatory environment across the globe. The US has led the world in coming up with favorable BTC regulations. Recently, there was a roundtable in Washington that was discussing the Bitcoin Reserve Act that, if it comes to fruition, would see the US acquire a million Bitcoin over 5 years.

In the UK, the FCA is moving to accelerate the approval of cryptocurrency companies, while exempting them from the stringent rules that govern traditional financial brokers. The move is expected to push the number of cryptocurrency companies registering in the UK higher.

✨The UK Financial Conduct Authority (FCA) has accelerated its process for registering crypto firms. Approval rate has jumped to ~45% (from <15% over past years) and processing time dropped from ~17 months down to about 5 months.#blockchain #ai #Crypto #USDT pic.twitter.com/7aXWo0c9iM

— Fiona K (@Fiona_Kzh) September 22, 2025

By extension, it could drive higher the flow of institutional and retail money into Bitcoin in the UK. This means demand is not only getting strong, but also set to get stronger. Similar big moves are happening in Bahrain, where regulations are being pushed that will make the country the cryptocurrency capital of the Gulf region. All these factors are likely to keep driving new capital into Bitcoin in the short to medium term. 

Technical Analysis – Bitcoin Price Still Stuck In a Range

Bitcoin is currently trading in a broad range between the $123,495 resistance and $108,030 support. If bulls take control and push BTC through the $123,495 resistance, then a rally to $130k could follow. 

On the other hand, if bears take control and push Bitcoin through the $108,030 support, then a correction to around $100k could follow. Of these two scenarios, the odds are higher for a rally through the $123,495 resistance. That’s because the regulatory environment is improving and institutional adoption is on the rise.