Bitcoin Price Eyes $135K as FHFA Considers Crypto for Mortgages, Here’s All

Key Insights:

• Bitcoin forms Wyckoff accumulation pattern with $105K support and $135K Q3 target still intact.
• FHFA will evaluate crypto asset use for mortgage qualifications, signaling growing institutional interest.
• Bitcoin retests previous ATH zone as support, setting up for a potential breakout above $110K.

Bitcoin (BTC) price remains in focus of both technical analysts and financial regulators as it maintains support above the 100K mark. Recent signals indicate that market momentum and policy will merge, and may determine its rally to $135K.

Bitcoin Price Wyckoff Accumulation Pattern

Notably, BTC price structure conformed well with the Wyckoff accumulation process. Analyst Ted Pillows cited a revised mounting of a completed “spring”, then indications of strength and a possible “jump the creek” move. Historically, this has been seen before a price rally happened, and this coincidence suggested that the ongoing market action is anticipating even greater levels.

In addition, its foundation is between the levels of about $105,000, which is now a strong support. Analyst Ted reiterated that the current dips have not interfered with the pattern, but instead enhanced the consolidation phase. He maintained a Q3 target of $130,000 to $135,000 for Bitcoin, citing room for more upside if the accumulation plays out as projected.

Momentum indicators, including the Relative Strength Index (RSI), are in a neutral position, providing an opportunity for price rise. Simultaneously, trading volumes and consolidation periods may point to accumulation rather than distribution.

FHFA to Review Crypto Assets in Mortgage Eligibility

Meanwhile, the Federal Housing Finance Agency (FHFA) is reviewing the potential integration of crypto holdings in mortgage qualification criteria. Director William Pulte reaffirmed in a recent meeting that the agency will do research into the use of crypto holdings as it applies to the means of qualifying under a mortgage.

This step is an indication of an increasing demand to integrate old financial models to include digital asset portfolios.

When enacted, the policy can lead to greater access for crypto investors to mortgage financing by considering cryptocurrencies in asset assessment. It will serve as a breakthrough to existing practices that tend to ignore or undervalue crypto assets during underwriting. The review will be done as more institutional players and regulators discuss the wider potential of digital assets.

Recently, the U.S. Federal Reserve announced that it will no longer consider “reputational risk” as part of its bank examination procedures. The move may alter the regulatory landscape for institutions engaged in cryptocurrency services.

Moreover, the official statement affirmed the elimination of reputational risk mentions in supervisory documents. This includes the examination manuals and records that the examiners will undergo new training.

Consequently, this change of policy can lower the obstructions that banks experience when seeking to provide Bitcoin and crypto-associated financial products. It would not rely on the reputation based on subjective evaluation, as one regulation.

Previous All-Time High Reclaims Support Role

Bitcoin price retested the $69K–$72K range a few months ago, a level previously seen as a major resistance zone during past rallies. CryptoGems noted that this area has now been flipped into support following BTC climb above the $100K threshold. The current price action suggests that BTC is stabilizing above former highs, which could provide a launchpad for further gains.

Moreover, weekly chart data showed a stable pattern of rising lows, which led to bullish continuation signals. At its current resistance of about $110K, a break above this value may signal the way towards the predicted $130K to 135K. According to Analyst CryptoGems, it will be followed by new all-time highs.

Meanwhile, recent analysis showed Bitcoin price rose above $105K on the back of whale accumulation and institutional interest. Bullish sentiment was indicated by a $241 million long position and the increasing network activity. After stalling at 109.5K, buying momentum and an accumulation phase of the Power-of-3 indicated that it could rise to $130K- $135K, with its projections seeing a rise to $111.4K by July 19, 2025.

At the time of writing, Bitcoin price traded at $105.5K, up 3.91% in 24 hours. Strong rebound from $101.8K showed bullish momentum, with resistance seen near $106K on short-term charts.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.