Bitcoin traders target $138K BTC price after Coinbase premium hits ‘breakeven point’

Bitcoin’s price is up 8.5% for 2025, showing a bullish trend ahead of Donald Trump’s inauguration on January 20. The price closing above 100,000 USD suggests a critical bullish trend with significant trader interest noted. Analysts speculate BTC could hit 138,000 USD by February if the momentum continues.

A notable 90% of Bitcoin’s supply is in profit, indicating healthy sentiment unless a MAJOR disruption occurs. The return of Coinbase’s premium to breakeven hints at positive sentiment from US and institutional investors. However, retail transaction volumes have dropped significantly, presenting a potential buying opportunity in the long RUN.

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