Key points:
Bitcoin price is stuck below $109,588, but the pullback has not altered its bullish chart structure.
A bullish weekly open from Bitcoin could extend gains in HYPE, XMR, AAVE, and WLD.
Bitcoin (BTC) remains stuck below the $109,588 level during a quiet weekend, but analysts remain bullish. Material Indicators co-founder Keith Alan said in a post on X that Bitcoin remains positive as long as it trades above the yearly open level of about $93,500.
Bitcoin’s demand is likely to remain strong with investments from sovereign wealth funds, exchange-traded funds, publicly listed companies and select nations. Crypto index fund management firm Bitwise said in a recent report that institutional funds could pump roughly $120 billion into Bitcoin in 2025 and about $300 billion in 2026.
Crypto market data daily view. Source: Coin360
While the long-term picture looks promising, traders need to be