$108K Too Low—BlackRock Hints Bitcoin Price Prediction Breakout

BlackRock + Chart Signals = Bitcoin Price Prediction Breakout $130K

The largest cryptocurrnecy just touched $108,000 today, but experts say it's still undervalued. In the latest update, BlackRock’s BTC ETF now holds over 700,000 coins. 

With chart signals flashing and history repeating, analysts expect a Bitcoin price prediction breakout to $130,000 soon. This could be the last chance to buy before the next major surge. Here's why today’s price might actually be a bargain before liftoff.

Bitcoin News Today: Why BTC $108,000 Is Just the Beginning

According to CoinMarketCap chart data, it is trading around $108,000, but analysts say the real breakout hasn't even started yet. 

If you're wondering why it is surging today, the answer lies in a combination of technical signals, institutional demand, and market cycle positioning.

Experts across the crypto industry are now aligning behind one strong thesis: Bitcoin undervalued today, and the next major leg up could send it toward $130,000. 

BTC Price Today : Mayer Multiple Suggests Early Bull Phase

At first, $108,000 might look expensive, but according to the Coin Bureau’s Mayer Multiple tool, the token is still in the safe zone. 

As seen in the chart below, this tool compares BTC’s price to its 200-day average, and right now it’s just at 1.1x—far below the 1.5x level where things usually get overheated. That’s why many experts believe it is undervalued today. 

Why BTC Is Surging Today: Two Major Pattern Forming

On the technical side, this largest cryptocurrency is flashing signs of a massive move. 

1. Analysts like Mister Crypto have identified a rare Bollinger Band squeeze, a setup historically known to reflect explosive rallies.

Source: Mister Crypto X Account

The last time volatility compressed like this — in December 2022, October 2023, and late 2024 — It surged 80% to 160% afterward. 

Now, with the Bollinger Band width at similar lows, many expect another vertical move, backing the ongoing price prediction breakout narrative.

2. Overlaying this with the Wyckoff Expansion Phase, it seems to be in Wave 3 of a five-wave bull cycle. That structure forecasts:

Source: X

• Wave 3 peak: $128,000–$130,000

• Wave 4 pullback: $118,000–$120,000

• Wave 5 target: $132,000–$136,000

This matches the current price analysis today, offering a structured roadmap to that $130,000 target.

BlackRock BTC ETF Hits 700K Tokens—Is a Supply Shock Brewing?

But it’s not just charts pushing the currency up. According to the latest BlackRock news today, their iShares Bitcoin ETF now holds over 700,000 coins — that’s more than 3.5% of all coins in circulation. 

This huge buying spree is creating a supply shock, and many say it's why BTC is surging today. As per my analysis, even more critical is the BlackRock Bitcoin ETF revenue impact. As ETF buying continues, it reduces market liquidity and drives prices higher — further supporting the btc $130K prediction that analysts are highlighting this quarter.

Conclusion: Analysts See $130K as the Next Target

So where does all this leave us? With the coin hovering around $108,000, on-chain indicators, technical patterns, and institutional momentum from the BlackRock ETF all point to one direction: up.

Top analysts say if Bitcoin closes above $110,000 this week, it could trigger the long-awaited bitcoin price prediction breakout to $130K or more—possibly even this month. 

Whether you're trading or just watching, this could be the start of its next historic run, so keep a close eye on the latest news, and always do your own research and analysis before investing in the crypto market.