Analyst: If Bitcoin Holds $108,000, It Could Target $112,000

According to a report by Jinse Finance, citing Decrypt, the market is closely watching this week’s global macro events, including the European Central Bank’s annual policy forum and the appearance of Federal Reserve Chair Jerome Powell on Tuesday. Although Bitcoin’s price movement has been relatively stable, signals from derivatives and on-chain markets suggest that volatility may soon return. Traders are closely monitoring changes in major central banks’ policy statements, which could influence overall risk appetite in both crypto and traditional markets. Analyst Axel Adler Jr. noted that whales are transferring large amounts of funds to centralized exchanges. This pattern, combined with declining exchange reserves and weakening stablecoin inflows, typically signals that significant market volatility is imminent. As long as Bitcoin holds above $108,000, the base case is for continued upward movement, with a target of $112,000.