Bitcoin consolidates above $103,000 with increasing institutional demand and ETF optimism supporting bullish momentum.
BlackRock-SEC talks around staking and options could reshape crypto ETF landscape and attract long-term capital inflows.
RSI remains over 70 as buying pressure persists; breakout above $105,000 could ignite rally toward $112,000–$120,000 range.
Bitcoin price stays firm above $103,000 as BlackRock’s crypto ETF discussions with SEC spark speculation of a long-term rally toward $120,000.
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Bitcoin (BTC) Holds Firm at 120-Day Peaks
Bitcoin price climbed to a 120-day high of $103,890 on Friday, propelled by favorable macro conditions and renewed institutional appetite.
Despite multiple rejections near $105,000, BTC price maintains a steady floor above $102,500, suggesting solid buyer interest.
Coingecko data indicates that while short-term traders are rotating into altcoins, long-term holders remain broadly inactive, emphasizing conviction in Bitcoin’s upside potential.
Bitcoin price action, May 10, 2025 | Source: Coingecko
Compared to earlier consolidations, this current range shows significantly higher volume and stability, with volatility compression hinting at an imminent directional move.
With broader market sentiment still risk-on and macro liquidity expectations improving, the foundation for a push toward $120,000 is increasingly plausible.
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BlackRock Engages SEC on Staking and Options Integration in Crypto ETFs
In a strategic development, BlackRock held discussions with the U.S. Securities and Exchange Commission focused on integrating staking and options trading into future crypto ETF structures.
The dialogue centered around the feasibility of enabling staking rewards within regulated ETF frameworks and outlined technical considerations for offering options on these funds.
While regulatory hurdles remain, the willingness of the world’s largest asset manager to pioneer these features signals growing institutional readiness to deepen crypto exposure.
If approved, staking-enabled ETFs could provide passive yield to holders, while options-based ETFs would allow for broader hedging and speculation by corporate and institutional players.
These enhancements could attract substantial inflows, potentially pushing Bitcoin beyond its previous all-time highs at $107,000.
Bitcoin price forecast today continues to signal a bullish outlook as BTC consolidates above $103,000, maintaining a breakout trajectory from the falling wedge pattern towards the $112,000 target.
As seen below, BTC price remains comfortably above the midline of the Bollinger Bands at $103,109 and well above the lower support boundary at $95,833, indicating a strong short-term trend.
Bitcoin Price Forecast Today
The recent series of higher closes, including Friday’s $103,243 finish, shows persistent buying pressure despite overbought signals beginning to appear on the Relative Strength Index, currently hovering at 75.07.
Supporting the bullish thesis, trading volume has remained stable even as BTC consolidates, suggesting that profit-taking remains limited while institutional interest continues to build.
The bullish Bitcoin price forecast today is further validated by the RSI sustaining levels above 70 for the third consecutive session, a reflection of sustained momentum rather than immediate exhaustion.
However, any decisive break below $102,000, especially on rising volume, could temporarily invalidate the breakout and invite retests toward the $95,000 support zone. Until then, the bias remains bullish, with $112,000 to $120,000 as a realistic upside target if macro and ETF-related tailwinds align.
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Frequently Asked Questions
Why is Bitcoin price holding above $103,000?
Bitcoin remains above $103,000 due to strong institutional demand, stable macro sentiment, and optimism following BlackRock’s ETF discussions.
What is the impact of BlackRock’s meeting with the SEC?
BlackRock’s dialogue with the SEC about staking and options could bring innovation to ETFs, potentially driving more institutional investment into Bitcoin.
Could Bitcoin reach $120,000 soon?
If BTC maintains momentum above $103,000 and institutional interest continues,technical indicators suggest a potential rally toward the $120,000 zone.
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
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