Bitcoin Price Watch: $120,000 Rally Ahead as BlackRock Enters BTC Staking Discussion with SEC
By: coingape|2025/05/10 21:15:07
0
Share
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.Bitcoin (BTC) Holds Firm at 120-Day PeaksBitcoin 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: CoingeckoCompared 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.BlackRock Engages SEC on Staking and Options Integration in Crypto ETFsIn 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: $120,000 Breakout Ahead if Momentum Holds Above $103KBitcoin 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 TodayThe 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.The post Bitcoin Price Watch: $120,000 Rally Ahead as BlackRock Enters BTC Staking Discussion with SEC appeared first on CoinGape.
You may also like
Do you want to buy CRCL?
A detailed breakdown of Circle's business fundamentals and valuation logic: The panic over OUSD and the market correction have triggered a short-term mispricing, presenting an opportunity for left-side positioning and legislative speculation below $60.
Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity
Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...
The most secretive AI winner
A century-old company that sells toilets and produces MSG has seen its stock price soar by "positioning" core materials for AI chips. This article clarifies the explosive opportunities for domestic substitution of semiconductor materials in the A-share market.
Looking at Stripe's ambitions and the future of stablecoins from OUSD
Stripe enters the stablecoin network battle with OUSD, a comprehensive look at the third paradigm evolution of digital dollars and the new infrastructure for global payments in the AI era.
From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?
The revenue from consumer applications on Solana is no longer solely reliant on meme coin issuance, but is gradually spreading to more consumption scenarios.
Dan Bin's latest speech: Don't miss out on a great era
Don't let hesitation trap your steps, and don't let shortsightedness waste the passing years—make sure not to miss this magnificent era that belongs to us.
Robinhood launches its own blockchain, no longer wanting to be a tenant on others' chains
While laying off employees and issuing bonds, it is the predictive market business that temporarily supports the income.
Why Tokenized Stocks Are Booming in 2026 While Crypto Is Still Struggling
Why are tokenized stocks booming while the crypto market struggles? Explore the latest 2026 data, institutional adoption, and what it means for traders.
Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?
A programmer from a big tech company bought hard drives on Pinduoduo and, following clues, managed to accurately capture the sixfold rising stock Seagate using the "finding daily anomalies + 13F institutional verification" framework, making a wild profit of $400,000 and achieving financial freedom.
MiCA reshuffle begins, Binance temporarily bids farewell to the EU
What Binance leaves behind is not scattered retail investors, but a whole batch of high-value users who are forced to liquidate and have almost nowhere to go.
How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?
The competition logic of exchanges has changed.
Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited
As an important milestone event in the stablecoin landscape, OUSD is likely to change the existing stablecoin landscape and significantly increase the adoption rate of stablecoins in the global financial system.
Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down
OUSD was jointly launched by more than 140 giants, causing Circle's stock price to plummet in a single day. Circle's CEO personally wrote a response, clarifying USDC's moat from three aspects: network effects, liquidity, and regulation, and dismantling OUSD's three selling points of "free redemption...
Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog
WEEX exclusive pre-match analysis of Argentina vs Cape Verde, exploring Messi-led Argentina’s dominance and Cape Verde’s historic defensive breakout, with a breakdown of volatility, structure, and match dynamics.
WEEX Launches Depth Chart for Spot Trading
WEEX Spot now supports Depth Chart, helping users visualize buy and sell orders, spot liquidity walls, and understand market depth more clearly before placing trades.
Raising interest rates to protect STRC and selling coins to maintain credit, this time the strategy has chosen the two most expensive paths
The rebound in BTC prices can make all problems simple.
Morning Report | Samsung announces a 265.5 trillion won investment plan, focusing on semiconductor and AI computing power data centers; Vitalik publishes an article detailing the entire technology tree behind the confusion protocol (iO) mainline
Overview of Important Market Events on June 29
In the era of AI, what is left of Bitcoin?
AI can generate a fake image, create a fake video, and even forge a person's voice. But it cannot make the entire Bitcoin network acknowledge a non-existent transaction out of thin air.
Do you want to buy CRCL?
A detailed breakdown of Circle's business fundamentals and valuation logic: The panic over OUSD and the market correction have triggered a short-term mispricing, presenting an opportunity for left-side positioning and legislative speculation below $60.
Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity
Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...
The most secretive AI winner
A century-old company that sells toilets and produces MSG has seen its stock price soar by "positioning" core materials for AI chips. This article clarifies the explosive opportunities for domestic substitution of semiconductor materials in the A-share market.
Looking at Stripe's ambitions and the future of stablecoins from OUSD
Stripe enters the stablecoin network battle with OUSD, a comprehensive look at the third paradigm evolution of digital dollars and the new infrastructure for global payments in the AI era.
From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?
The revenue from consumer applications on Solana is no longer solely reliant on meme coin issuance, but is gradually spreading to more consumption scenarios.
Dan Bin's latest speech: Don't miss out on a great era
Don't let hesitation trap your steps, and don't let shortsightedness waste the passing years—make sure not to miss this magnificent era that belongs to us.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
