Bitcoin BTC/USD is continuing its run, with analysts now eyeing the $115,000–$120,000 range as the next logical targets.

What Happened: Crypto analyst ElonMoney attributes the rally to over $3.3 billion in spot Bitcoin ETF inflows, led by IBIT, FBTC and ARKB. Notably, $934 million flowed in on May 22 alone.

The Coinbase Premium Index, a metric showing U.S. investor demand, remains firmly positive, further confirming strong institutional appetite.

Technically, BTC is trading above key moving averages with a new value area high at $110,200 and support solidified near $107,500.

Also Read: Bitcoin’s Golden Cross Is Imminent: Strong Rally Or 2021-Style Sell-Off Next?

What’s Next: According to…

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