Bitcoin is poised for further growth after hitting over $126,000, analysts say. Despite this peak, technical indicators show Bitcoin is far from overbought conditions. The 30-day moving average and standard deviation suggest a steady upward trend with low volatility, which could lead to strong price movements. Bitcoin’s growth ratio has been rising since May 2024.

Bitwise predicts record Q4 ETF inflows for Bitcoin as its price surges. Inflows into US Bitcoin ETFs are expected to surpass previous records, attracting more money in 2025 than their first year. $22.5 billion in inflows have been recorded in the first nine months, on pace to reach $30 billion by year-end. High flows are expected in Q4 due to bullish Bitcoin returns.

Bitwise Chief Investment Officer Matt Hougan expects increased Bitcoin ETF inflows in Q4 due to the cryptocurrency’s rising price. The prediction is based on a broader investor base accessing the ETFs, including wealth managers and traders looking for assets that perform well during a weakening US dollar. Gold and Bitcoin have demonstrated strong performance.

Wealth managers are increasingly opening up to Bitcoin ETFs, enabling a wider range of investors to access them. The “Debasement Trade” is driving investment in well-performing assets like Bitcoin and gold. As the US dollar weakens, investors are turning to assets that can preserve and grow their wealth, with Bitcoin and gold being favored options.

Read more at Cointelegraph: Bitcoin Has Headroom as Bitwise Predicts Q4 ETF Inflow Surge