Bitcoin Poised for Strongest Weekly Gain Since Trump Win as ETFs Gobble $2.7B Inflows

SUI, BCH and Hedera's HBAR led Friday gains in the CoinDesk 20 Index, with one analyst saying this week's crypto rally is likely the beginning of BTC's climb to fresh record prices.

• Bitcoin's 11% surge to $95,000 this week is on track to be the asset's strongest weekly performance since November 2024.
• U.S.-listed spot bitcoin ETFs saw $2.68 billion in net inflows this week until Thursday, the largest since December.
• Bitcoin could surpass $130,000 by late 2025, early 2026, the CIO of Ledn predicted.

Bitcoin is showing signs of a robust performance this week, set to record its strongest weekly gain since November 2024, with a remarkable 11% surge reaching $95,000. The upswing in the cryptocurrency market has caught the attention of investors and analysts alike.

BTC decoupling

The CoinDesk 20 Index saw notable gains on Friday led by SUI, BCH, and Hedera's HBAR. Analysts are optimistic that this rally could mark the beginning of Bitcoin's climb to new all-time highs.

Noteworthy is the significant influx of $2.68 billion into U.S.-listed spot bitcoin ETFs earlier in the week, marking the largest flow of funds since December. The CIO of Ledn predicts that Bitcoin could potentially surpass $130,000 by late 2025 or early 2026.

Recognizing the recent decoupling of Bitcoin's performance from traditional assets as a critical moment, experts suggest that Bitcoin's evolving role as a stable store-of-value asset is gaining recognition among both institutional and retail investors.

Bitcoin's route to fresh records

While acknowledging potential volatility due to market fragility, experts believe that despite fluctuations of up to 10%, Bitcoin is on track for continued growth towards new price records. Chief Investment Officer John Glover anticipates an upward trend based on Elliott Wave theory, projecting a rally towards $133-$136k by the end of this year or early next year.

Elliott Wave theory suggests asset prices move in predictable patterns called waves, driven by collective investor psychology. These patterns typically unfold in five-wave trends, in which the first, third, and fifth waves are impulsive rallies, while the second and fourth waves are corrective phases.

"My expectations continue to be for a rally to $133-$136k into the end of this year, beginning of next,” he said.