Bitcoin traders are eyeing a potential price climb to $138,000 as the “Coinbase premium” returns to a neutral index. This development is seen as an indicator of renewed interest from U.S. and institutional investors. Bitcoin, currently showing a price increase of 8.5% as of 2025, has surpassed the $100,000 mark multiple times, sparking predictions of new all-time highs.
Crypto analyst Posty has noted Bitcoin’s price pattern echoes its bullish run from early 2021, suggesting that if current trends continue, Bitcoin could reach $138,000 by February. Meanwhile, Cryptochimpanz and Axel Adler Jr. foresee an even more ambitious target with predictions up to $200,000. According to Adler Jr., 90% of the total Bitcoin supply is profitable, suggesting minimal losses unless a significant market disruption occurs.
The return to a breakeven point for the Coinbase premium follows a period of significant selling between mid-December and early January. However, despite this positive trend, retail investors’ transaction volumes have dropped since Bitcoin reached $108,000 a month ago. This decrease is seen as an opportunity for long-term buyers, with the premium largely reflecting retail sentiment rather than institutional insights.
Furthermore, Bitcoin’s technical indicators show a bullish sentiment after closing above $97,000 last week, reinforcing optimism about its short-term performance. However, analysts, such as Crypto Scient, caution that $100,000 remains a crucial point, suggesting potential dips if Bitcoin fails to maintain support above this level.
