Bitcoin price started a fresh increase and tested the $105,000 zone. BTC is now consolidating gains while Ethereum rallied toward the $2,750 resistance. Bitcoin started a strong increase and settled above the $102,500 resistance zone. The price is trading above $103,000 and the 100 hourly Simple moving average. There is a new connecting bullish trend line with support at $103,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $105,000 zone. Bitcoin Price Consolidates Gains Bitcoin price started a fresh increase from the $100,500 support zone. BTC formed a base and was able to clear the $102,000 resistance zone. The bulls even pushed the price above $103,200. The pair spiked toward $105,000. A high was formed at $104,980 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $100,772 swing low to the $104,980 high. Bitcoin is now trading above $103,500 and the 100 hourly Simple moving average. There is also a new connecting bullish trend line with support at $103,650 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $104,500 level. The first key resistance is near the $105,000 level. The next key resistance could be $105,500. A close above the $105,500 resistance might send the price further higher. In the stated case, the price could rise and test the $106,800 resistance level. Any more gains might send the price toward the $108,000 level. More Losses In BTC? If Bitcoin fails to rise above the $105,000 resistance zone, it could start another downside correction. Immediate support on the downside is near the $103,500 level. The first major support is near the $102,850 level and the 50% Fib retracement level of the upward move from the $100,772 swing low to the $104,980 high. The next support is now near the $101,750 zone. Any more losses might send the price toward the $100,200 support in the near term. The main support sits at $98,800. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $103,500, followed by $102,850. Major Resistance Levels – $105,000 and $105,500.
A growing chorus of Bitcoin commentators is raising the alarm over the recent boom in publicly traded companies adopting Bitcoin-centric treasury strategies. The debate ignited this week after pseudonymous investor Stack Hodler (@stackhodler) described the trend as a speculative mania disguised in corporate form, writing on X that “Bitcoin treasury companies are this cycle’s shitcoins.” His argument: these companies are “creating shares out of thin air to sell to people hoping to outperform Bitcoin,” with little more than exposure to BTC as their core product. “It’s just TradFi shitcoinery,” he warned. “And many will get rekt.” Stack Hodler allowed that these companies are currently soaking up speculative liquidity that might otherwise chase illiquid altcoins. “But the bad news is that many of these businesses will inevitably be forced to dump their stacks one day,” he added, pointing to the moment when short-term investors realize that holding equity in a Bitcoin proxy may be less efficient than self-custody. “Fiat shenanigans with the potential to unwind” was how he framed the model. In contrast, he celebrated companies that generate real economic value and use their profits to accumulate Bitcoin—something he views as a sustainable force in Bitcoin’s monetization arc. Related Reading: Bitcoin Faces Key Resistance After 10% Weekly Rally – Confirmation Or Rejection Next? Bitcoin podcaster Stephan Livera entered the conversation by referencing MicroStrategy’s Q1 2025 earnings call, where Michael Saylor laid out the rationale for the company’s persistent premium to net asset value. “Saylor outlined some reasons for MSTR being at a multiple to NAV,” Livera said. While acknowledging the cyclical nature of that premium—comparing it to the GBTC discount blowout in the previous cycle—he argued there’s a broader structural context. “Bitcoin is a $2 trillion asset in a world of $1,000 trillion in assets,” Livera noted, emphasizing that many large capital allocators remain unable to directly hold Bitcoin due to regulatory, tax, or mandate-related restrictions. “There’s a case for some treasury companies to exist long-term, so long as they’re managed prudently.” The Bitcoin Treasury Copy-Cat Surge But Stack Hodler wasn’t referring to MicroStrategy. “I’m talking about the copycats that are popping up at an accelerating pace,” he responded. “They’re trying to draft off MSTR’s success, similar to how shitcoins drafted off of BTC’s success.” He said he doesn’t deny that regulatory arbitrage might support a few of these firms in the short to medium term, but questioned the viability of companies whose primary activity appears to be printing shares and using the proceeds to buy Bitcoin. “I love seeing companies with real profitable businesses stack BTC. Fiat engineering seems shakier to me long-term.” Scott Melker, host of “The Wolf of All Streets” podcast, added to the discussion: “I hate to even think this, because I’m a huge fan—but Bitcoin treasury companies raising debt to buy Bitcoin could be the next bubble.” Market structure analyst Dave Weisberger agreed that risk is present, but took a more measured stance. “Sure. But bubbles have to inflate before we worry about them… spoiler, Bitcoin is NOT near bubble territory.” Technical analyst FiboSwanny, a 25-year market veteran, focused on leverage and market structure. “If there’s a bubble forming, it’s likely in the financial instruments and leverage around Bitcoin,” he said, citing debt-funded treasury purchases, ETFs, and derivatives. “Not in actual Bitcoin itself.” Lark Davis took a more bearish tone: “This is our GBTC leverage this cycle that will have a horrific unwind with devastating consequences later. Especially the companies buying altcoins.” Related Reading: Sovereigns Are Buying Billions Of Bitcoin, Says Anthony Scaramucci Swan CEO Cory Klippsten didn’t mince words either. “Already jumped the shark,” he wrote. “Have been predicting it for a year, but it’s inevitable now.” The current landscape includes dozens of public companies with direct Bitcoin holdings, some of which are drawing intense retail speculation. MicroStrategy remains the dominant force, with well over half a million Bitcoin on its books. Other names include Metaplanet in Japan, Semler Scientific, KULR Technology, and various new entrants who have reoriented their corporate missions entirely around Bitcoin accumulation. Many of these firms are now trading at multi-billion-dollar valuations, far above what their underlying business models would suggest. But the sustainability of the model remains in question. Most of these companies rely on issuing new equity at inflated valuations to finance further Bitcoin purchases, creating a reflexive cycle where rising BTC prices inflate share prices, which in turn enable more buying. That dynamic works beautifully in a bull market but can reverse quickly in a downturn. The debate over how institutional exposure is structured becomes increasingly relevant. Stack Hodler framed it simply: “Bitcoin is and always will be the best risk-return asset to hold in this space. Part of successfully holding Bitcoin is being able to resist all the ‘better Bitcoins’ that inevitably arise during your journey.” Whether the new class of treasury companies represents innovation, opportunism, or simply a bubble waiting to burst, remains one of the key questions of this cycle. At press time, BTC traded at $103,709. Featured image created with DALL.E, chart from TradingView.com
The Bitcoin price is once again at the center of attention as it continues its upward climb in what appears to be the final phase of the current bull cycle. Riding on the back of macroeconomic optimism and institutional interest, Bitcoin is showing renewed strength, with technical analysis forecasting a final pump to a new ATH above $120,000. Once the flagship cryptocurrency completes this move, its price is forecasted to crash down to $60,000, signaling the onset of the bear market. Bitcoin Price To Surpass $120,000 In 2025 Xanrox, a crypto analyst, has shared a new Bitcoin price prediction on TradingView, forecasting a bullish run to a new all-time high and a subsequent crash to major lows. Expanding on his optimistic projection, the crypto analyst has confirmed that Bitcoin is in the final stages of this bullish cycle, meaning that the cryptocurrency is gearing up for its most explosive price surge yet. Related Reading: ‘The Big Short’ Coming For Bitcoin? Why BTC Will Clear $110,000 The analyst shared an Elliott Wave technical chart, indicating that Bitcoin is currently in Wave 3 of a five-wave pattern forming an ending diagonal. This structure typically marks the final stage of a bullish cycle, just before a major correction. Xanrox predicts that Bitcoin will eventually enter two final wave stages (Wave 4 and 5) before reaching a cycle peak. According to his analysis, the ideal range for this bull run lies between $120,000 and $125,000. More precisely, he highlights a Fibonacci Extension target of 1.618 at $122,069 as the potential top of this bull cycle. The TradingView analyst also notes that this Fibonacci target is the best price to sell and prepare for the bear market that’s projected to follow. Notably, this price level aligns with a long-term trend line that stretches from Bitcoin’s 2017 peak to the 2021 top and the next forecasted 2025 ATH. Strengthening the analyst’s conviction of a potential rally to $122,069, Bitcoin’s historical price behavior reveals a consistent relationship with the 50-week Simple Moving Average (SMA). The analysis highlights that the cryptocurrency has repeatedly bounced off or corrected to this moving average during key turning points in past cycles. This pattern adds further credibility to the bullish outlook. Next Up: 50% Price Crash To $60,000 Despite Xanrox’s optimistic price projection for 2025, the analyst warns of an impending Bitcoin market crash in 2026. Once the cryptocurrency completes its final bullish wave and tops out, the analyst anticipates a steep correction, potentially dragging the price down to $60,000. This projected 50% drop mirrors past cycle declines, particularly the sharp correction seen in the 2018 and 2022 bear markets. Related Reading: Bitcoin Price To $150,000: BTC Is Mirroring Bullish Fractal From 2020 The analyst’s chart identifies this looming price crash as part of the natural end to Bitcoin’s 4-year cycle, emphasizing that buying at the projected peak of $122,069 could expose investors to significant downside risk. Instead, Xanrox recommends preparing for this bearish transition by exiting the market within the previously outlined sell zone and waiting for a re-entry opportunity during the expected 2026 dip. Featured image from Getty Images, chart from Tradingview.com
In the latest episode of The Bitcoin Layer, host Nik Bhatia invited on-chain analyst James Check—better known as “Checkmate”—to dissect the forces that have carried bitcoin past six figures and to explain why he believes the market still points toward a move to roughly $150,000. From the outset, Check framed his analysis in sweeping macroeconomic terms. Since the 2008 financial crisis, he said, dollar strength has been “a big up-trend” that rewarded foreign investors who benchmark in other currencies, buy dollars, and place those dollars into US equities. But that era, he argued, is giving way to a “sound-money dominance regime”: “My favorite chart is the S&P 500 priced in gold. You get about ten years where equities trounce gold, then ten years where gold trounces equities. Since 2022 that chart flipped in gold’s favor, and for the first time in history we have a mature, trillion-dollar bitcoin sitting right alongside it. We’re watching the rules shift, and it’s not going to happen overnight—it’ll take a decade, maybe longer, to fully play out.” Why $150,000 Is Next For Bitcoin The conversation quickly moved from macro currents to market structure. After the spring sell-off that drove prices from the mid-$90,000s to the mid-$70,000s—an “air pocket” where little historical supply had transacted—bitcoin clawed back the dense supply cluster around $95,000 with surprising ease. Related Reading: Bitcoin Nears All-Time High as $312M BTC Exit Binance Following US-China Trade Deal “People were willing to just sit tight and allow the market to find its level. They’d bought at $100,000, watched it fall to $75,000, bought some more, and now they’re up on the whole stack. That kind of behavior is a real boost of confidence.” Shortly after that consolidation, the market printed a local high near $105,000. For veteran participants, the psychological shift was palpable. “$100,000 was the target for the last decade,” Check said. “Now it’s the floor. Bitcoin has proved it belongs at a trillion-dollar market cap, flipped silver, and feels perfectly natural sitting among the five largest monetary assets on earth.” Check’s quantitative framework hinges on the market-value-to-realized-value (MVRV) ratio, which benchmarks price against the aggregated on-chain cost basis. Translating historical MVRV extremes into forward levels puts the present cycle’s statistical ceiling near $166,000: “If price goes to $166,000, my objective analyst self has to say, ‘We’re two standard deviations above the mean, and we’ve only stayed higher than this five percent of the time.’” That band—roughly $150,000 to $160,000—marks the altitude where he expects the first serious wave of profit-taking. Yet the level remains plausible precisely because it is rooted in realized behavior, not in the supply-halving calendar: “There’s a reason MVRV only gets so high. When people look at their portfolio and see a house sitting there in green numbers, a chunk of them will hit the sell button. You don’t need everyone to sell—just enough to overwhelm new demand.” Derivatives, “Time Pain” And The Halving A maturing derivatives market is central to Check’s thesis. He expects perpetual-swap funding rates to breach 20 percent annualized on a rapid run toward $150,000, inviting basis traders to short futures and collect the premium. Options desks, meanwhile, can harvest fat volatility premia by selling calls. “Big asset managers must hedge. If they can’t lay off a billion-dollar position in options they won’t take the position in the first place. Derivatives aren’t papering over demand—they’re the plumbing that lets real capital scale into the asset.” Related Reading: Bitcoin Price Targets $110,000 All-Time High After Consolidation Trend Ends Those instruments also reshape corrections. Where 2017 pullbacks were 40% plunges that reversed in days, today’s market prefers shallower, longer consolidations—episodes that impose what Check calls time pain. “Depth pain is easy to see—your coins are 30% underwater. Time pain is harder. Three months of chop at the same level will wear investors out, and boredom is a powerful seller.” Perhaps one of the most striking element of the interview was Check’s deliberate break from the four-year, halving-centric cycle model. After studying the August–September 2023 pullback, the mid-2024 range, and the latest sell-off, he concluded that the short-term-holder cost basis now functions less as a binary floor or ceiling and more as a mean-reversion anchor. “People are now using bitcoin to respond to the world rather than us responding to bitcoin. Macro sentiment—not scheduled supply shocks—is steering the big flows.” Treasury Adoption And The Confidence Machine When tracking corporate treasuries, ETFs, and other large holders, Check zooms out to a 30-day change in realized cap—the cleanest view of net dollar inflows. Even March-April ETF outflows, he noted, were nearly matched by falling CME open interest, implying “mechanical cash-and-carry unwinds rather than lost conviction.” Closing the conversation, he returned to first principles: “Markets are a big confidence machine. The dollar cycle, the gold-equity rotation, the cost of hedging—all of that feeds straight into bitcoin order books, option smiles, and on-chain ledgers. The only real question is: what’s the fair macro premium for digital sound money?” For James Check, the chart already sketches an answer: somewhere around $150,000, the confidence machine will stage its next major test. At press time, BTC traded at $102,573. Featured image created with DALL.E, chart from TradingView.com
The Bitcoin price and the entire crypto and stock market have been operating at the mercy of the tariff wars ignited by US President Donald Trump after being sworn into office. The initial wave of tariff increases on countries such as China triggered massive crashes across financial markets, plunging the Bitcoin price below $80,000. However, the tariff wars are nearing their end with the latest announcement from the White House regarding trade between the United States and China. White House Announces Reduction Of China Tariffs In April 2025, US President Donald Trump had announced a drastic increase of tariffs on Chinese goods to a high 145%, with over 180 countries also seeing tariff increases. This triggered a wave of panic and retaliation, triggering what is now known as the ‘tariff wars.’ As discussions progressed, another announcement in April revealed a 90-day pause on tariffs for other countries, with the exception of China. Related Reading: XRP Price Surge To $10: Analyst Reveals Factors That Will Make It Happen In 2025 While China was yet to exempt, the 90-day pause did have a positive effect on the market as the Bitcoin price recovered, taking the crypto market up with it. Since then, the Bitcoin price has since recovered above $100,000, as well as the stock market seeing multiple green days. Trade talks have since been ongoing between China and the United States and there has been a stopgap put in place for now. In a statement on the White House website, it was announced that both the Chinese and United States government at the US-China Economic and Trade Meeting in Geneva had agreed to modify their respective applications and implement a suspension of 24 percentage points of tariffs. This agreement is expected to be in place for an initial period of 90 days, giving both parties time for more discussions toward a resolution. The statement read that this was done in “the spirit of mutual opening, continued communication, cooperation, and mutual respect.” Why The Bitcoin Price Could Explode Currently, the rally of the Bitcoin price is being driven by the positive news surrounding the tariffs. So, it is expected that more positive news will continue to drive up the price. The agreement between the US and China states that both countries should have implemented the tariff reduction by May 14, 2025. With only a day left, this deadline could trigger another rally. Related Reading: Dogecoin Price Gearing Up For Major Explosive Rally – Why $1 Is Still In The Cards As the news of the suspension begins to make the rounds, it signals no negative news coming out regarding tariffs for the next three months at least. This gives time and most importantly, confidence in risk assets such as Bitcoin for investors looking for gains. With the return of investors into the risk market, the Bitcoin price could quickly cross $110,000 as early as Wednesday. Featured image from Dall.E, chart from TradingView.com
After jumping by 10% over the past week, Bitcoin (BTC) has hit a crucial resistance level, which could push or momentarily halt the flagship crypto’s rally toward a new all-time high (ATH). Related Reading: Bitcoin Stays Resilient While Wall Street Stumbles – Details Bitcoin Hits Key Level Bitcoin recently jumped above the $100,000 barrier for the first time since February. During its significant weekly performance, BTC has surged over 10% to hit a three-month high of $105,500 on Monday, fueling investors’ sentiment regarding a new ATH rally. On Monday, Analyst Rekt Capital highlighted that the flagship crypto rallied across the entire re-accumulation range, concluding its downside deviation and the first price discovery correction. After surging to its range high of $104,500, Bitcoin has faced rejection from this key level, momentarily pausing its rally. He pointed out that Bitcoin already had its first Price Discovery Uptrend and Price Discovery Correction. The cryptocurrency is now attempting to confirm its second Price Discovery Uptrend, but needs to reclaim the $104,500 level as support to confirm this phase. As the analyst explained, this level is currently acting as resistance after it closed the week at $104,118, just below the range high. He added that “technically BTC can try to confirm an uptrend beyond this point by Daily Closing above $104.5k and then holding it as support, so it will be worth watching for this lower timeframe confirmation.” However, “until that confirmation is in, this resistance will continue to act as one. And as resistances do, they tend to reject price.” According to Rekt Capital, Bitcoin has repeated some key elements from its Post-halving range in its current range, suggesting that if BTC continues to reject from this level, it could face a post-breakout retest of its lower high resistance. One Dip Left Before ATHs? Previously, the analyst detailed that BTC could be repeating its Q4 2024 performance, where the cryptocurrency recovered from its downside deviation to hit a new ATH. BTC initially got rejected at its lower high resistance and fell to the range’s lows before breaking above the lower high, retesting it as support, and soaring to a new ATH. For history to repeat, BTC must get rejected at $99,000, hold $93,500 as support, and break the $97,000-$99,000 range before being rejected at the $104,500 resistance, which is the level “to turn into support for Bitcoin to breakout into its second Price Discovery Uptrend.” Notably, BTC followed this path closely over the past week, getting rejected near $99,000 and retesting the $93,500 support before jumping above the $100,000 mark. To continue this performance, the cryptocurrency must fall to the $97,000-$99,000 range and hold it as support for a similar breakout to new ATHs. Related Reading: Ethereum Price Completes Bullish Structure Break – $3,000 Comes Next In his Monday analysis, Rekt Capital shared that BTC’s lower high resistance is at the $98,500 level, signaling that a 5% drop could be ahead. However, he noted that the retest “doesn’t need to happen at all,” as Bitcoin could Daily Close above the key resistance, hold this level, and rally to new ATHs. “But in the event of a dip, turning the Lower High resistance into a new support could fully confirm the break of this Lower High, turn it into new support, and in doing so, solidify BTC’s positioning in the $98.5k-$104.5k portion of the ReAccumulation Range,” he concluded. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin price started a fresh surge above the $102,500 zone. BTC is now correcting gains and trading below the $103,500 resistance zone. Bitcoin started a strong increase above the $102,500 resistance zone. The price is trading below $104,000 and the 100 hourly Simple moving average. There was a break below a new connecting bullish trend line with support at $103,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $103,500 zone. Bitcoin Price Corrects Some Gains Bitcoin price started a fresh increase from the $98,500 support zone. BTC formed a base and was able to clear the $100,000 resistance zone. The bulls even pushed the price above $103,000. The pair spiked above $105,500 and tested $105,800. A high is formed at $105,728 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $95,825 swing low to the $105,728 high. There was break below a new connecting bullish trend line with support at $103,900 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $104,500 and the 100 hourly Simple moving average. However, the bulls are now active near the $100,800 support and protecting the 50% Fib retracement level of the upward move from the $95,825 swing low to the $105,728 high. On the upside, immediate resistance is near the $103,500 level. The first key resistance is near the $104,000 level. The next key resistance could be $105,000. A close above the $105,000 resistance might send the price further higher. In the stated case, the price could rise and test the $106,000 resistance level. Any more gains might send the price toward the $108,000 level. More Losses In BTC? If Bitcoin fails to rise above the $103,500 resistance zone, it could start another downside correction. Immediate support on the downside is near the $101,500 level. The first major support is near the $100,800 level. The next support is now near the $100,000 zone. Any more losses might send the price toward the $98,800 support in the near term. The main support sits at $97,500. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $101,500, followed by $100,800. Major Resistance Levels – $103,500 and $105,000.
Over the past three days, Bitcoin has hovered between $103,000 and $104,500, creating a narrow channel after a notable rally that saw it break above $100,000 last week. Technical analysis of the daily candlestick chart shows the formation of a minor impulsive wave from $103,000, which may mark the final end of the recent consolidation and the beginning of a fresh rally towards new highs. Notably, recent price action in the past 12 hours or so has seen the gradual end of the consolidation, and attention is now turning to the next psychological level at $110,000. Analyst Sees Breakout As Signal For Upside Continuation In a post shared on the social media platform X, crypto analyst CrediBULL explained the logic behind his current long trade setup, pointing out that Bitcoin has broken away from its three-day consolidation zone with an early impulse that started at the $103,000 level. His analysis predicted that this movement could be the start of a much larger leg upward, especially if the current price structure holds without falling back into a local demand zone between $101,000 and $102,000. Related Reading: Bitcoin 6-Month Flight Plan To $188,000, Here’s The Roadmap According to CrediBULL, the current trade has a clean invalidation level just below the impulse origin, allowing for a tight stop loss. This setup yields a high reward-to-risk ratio exceeding 5:1, with an upside target of $110,660, as illustrated in the chart. If this breakout is genuine, it could be a signal that Bitcoin is preparing for an aggressive push toward new all-time highs. On the other hand, CrediBULL cautioned that if the current move proves to be a deviation and price falls below the impulse origin, focus should shift to the local demand zone around $101,800. The chart supports this with a clearly marked green area labeled “local demand.” This is the next major support if Bitcoin bulls fail to hold the current price levels. $110,000 Bitcoin Target In Sight With Increasing Market Momentum According to the crypto analyst, his prediction of the next move to $110,000 has at least a 20% chance of playing out. These odds are quite nice, considering the unpredictable nature of the crypto market. Related Reading: What’s Driving The Bitcoin Price Recovery Above $100,000 And Is It Sustainable? Notably, price action in the past 24 hours has seen the leading cryptocurrency break above $105,000 again, peaking at an intraday high of $105,503 before easing slightly. This move strengthens the case that the recent consolidation phase may have concluded, and a successful move above $110,000 before the end of the week is underway. At the time of writing, Bitcoin is trading at $104,428. A successful rally to the $110,660 target would represent a 6% gain from the current price, while downside risk is capped below the $103,000 level. Featured image from Getty Images, chart from Tradingview.com
In an interview that spanned everything from macro-economics to meme-coin mania, veteran trader and Asymmetric founder Joe McCann laid out a forceful—but narrowly targeted—thesis: Bitcoin’s institutional flows can propel it to the high six-figure range, Solana is “the fastest horse” toward a mid-three-digit print, and Ethereum’s investment case is increasingly threadbare. Bitcoin To $400,000 McCann began by striking at one of crypto’s longest-lived touchstones. “It’s become clear to anyone who follows crypto that the four-year cycle is effectively dead,” he told host Scott Melker, arguing that traditional patterns of post-halving rotation have been overwhelmed by spot-ETF inflows and by what he calls an unprecedented “headline-driven market.” Those flows, he said, are only beginning. Sovereign wealth funds, pensions, and corporations are “hoarding Bitcoin the way they once hoarded gold,” but unlike bullion, the supply cap is immutable. With uncertainty indices at all-time highs and US trade policy setting the tempo of risk assets, McCann sees a probabilistic path toward enormous upside once “local maxima” on tariffs are understood. Related Reading: Bitcoin 6-Month Flight Plan To $188,000, Here’s The Roadmap “If Trump does deregulation, if he chills out on tariff policy, you could see Bitcoin actually rip two, three, four-hundred thousand dollars. It really is just a number. It’s more about the flows.” Pressed for timing, the CEO of Asymmetric would not anchor to a specific date, but he did outline the mechanics: reflexive price action in a thinly supplied market. Bitcoin, still a “fraction of the market cap of gold,” now trades in an environment where gold’s 40% year-to-date rally has revived the digital-gold narrative. A break of the Bitcoin-gold cross to the upside could lure capital away from bullion “simply because it’s easier to transport and censorship-resistant.” The implication is that a decisive break above the psychological $100,000 could accelerate quickly to the headline figure of $400,000 on ETF demand alone—particularly if the US administration moves ahead with initiatives such asUS President Donald Trump Strategic Bitcoin Reserve buys in a budget neutral way or Senator Cynthia Lummis’s proposal. Bitcoin To $400K, Solana To $420, Ethereum Not Worth Owning | @joemccann 0:00 Intro 2:27 Trump’s Impact on Markets 5:11 Crypto’s Massive Repricing 8:30 Gold vs Bitcoin 13:22 Bitcoin Correlation Debate 16:16 Digital Gold Future 19:06 Trump’s Crypto Influence 23:18 Meme Coins… pic.twitter.com/U52rvt39LL — The Wolf Of All Streets (@scottmelker) May 11, 2025 Where Are Solana And Ethereum Heading? If Bitcoin is McCann’s 70% core position, Solana is his high-conviction satellite. He credits the network’s throughput during last month’s Trump-branded meme-coin launch—“the chain did not suffer; it hummed right along”—as a proof-of-scale moment. Wallet abstractions such as Moonshot, and the migration of stable-coin flows from Ethereum, have in his view removed the UX friction that capped the last cycle. “When the most popular person on the planet launches a meme-coin on Solana, what does that tell you? We have infrastructure ready for mass adoption.” Related Reading: Sovereigns Are Buying Billions Of Bitcoin, Says Anthony Scaramucci With spot-Solana ETFs already live in Canada and US filings advancing, he projects that “given the fundamentals coupled with ETF flows… Solana’s got to be at least $420,” a figure he reiterated more than once. By contrast, McCann’s hedge-fund book carries only one structural short: ETH. He offered a blunt rationale: once-innovative technology, but an asset now “being cannibalized by its own L2s.” With gas averaging one cent, fee revenue is insufficient to reward holders, and institutional channels prefer tokens that either accrue protocol cash-flow or sit inside ETF wrappers—criteria he does not see Ethereum satisfying. “The asset is not worth owning,” he concluded. “Anytime Ethereum rips, usually take profits across the board on everything.” McCann doubts the return of the indiscriminate “alt-season” that characterised prior tops. Liquidity, he argued, has bifurcated into Bitcoin ETFs on one end and high-velocity meme-coin venues such as Pump.Fun on the other. Tokens in between must now defend themselves with “real protocol revenue, not just governance.” If they do, he foresees a coming wave of dividend-style crypto ETFs aimed at yield-hungry boomers; if they don’t, “most of them will trade to zero.” At press time, BTC traded at $104,528. Featured image created with DALL.E, chart from TradingView.com
Bitcoin price started a fresh surge above the $102,000 zone. BTC is rising and might aim for a move toward the $107,500 resistance. Bitcoin started a strong increase above the $100,500 resistance zone. The price is trading above $102,500 and the 100 hourly Simple moving average. There is a new connecting bullish trend line forming with support at $103,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $105,000 zone. Bitcoin Price Aims More Gains Bitcoin price started a fresh increase from the $96,500 support zone. BTC formed a base and was able to clear the $98,800 resistance zone. The bulls even pushed the price above $102,000. The pair spiked above $104,500 and tested $105,000. A high is formed at $104,943 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $95,825 swing low to the $104,943 high. Bitcoin is now trading above $103,500 and the 100 hourly Simple moving average. There is also a new connecting bullish trend line forming with support at $103,500 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $104,500 level. The first key resistance is near the $105,000 level. The next key resistance could be $105,500. A close above the $105,500 resistance might send the price further higher. In the stated case, the price could rise and test the $106,200 resistance level. Any more gains might send the price toward the $108,000 level. Are Dips Supported In BTC? If Bitcoin fails to rise above the $104,500 resistance zone, it could start another downside correction. Immediate support on the downside is near the $103,500 level and the trend line. The first major support is near the $102,800 level. The next support is now near the $100,500 zone and the 50% Fib retracement level of the upward move from the $95,825 swing low to the $104,943 high. Any more losses might send the price toward the $98,800 support in the near term. The main support sits at $97,500. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $103,500, followed by $102,800. Major Resistance Levels – $104,500 and $105,000.
The Bitcoin price couldn’t sustain the bullish momentum after its ascent to the current all-time-high price of $108,786 in January, leading to a crash to around $74,000 in the following months. However, the premier cryptocurrency appears to have roared back to life. Even as the Bitcoin price sits comfortably above the important six-figure threshold, an important question sticks around — is the bullish run truly back on? Recent on-chain analysis suggests that the market leader might be preparing to resume its bull run. Binance Witnesses Largest Shorts Liquidation Since April In a Quicktake post on CryptoQuant, a pseudonymous on-chain analyst, Darkfost, revealed that a large number of short positions were opened on Binance as Bitcoin dropped from its current all-time high price. According to the crypto pundit, this part of the derivatives market was a source of significant selling pressure on the price of BTC in the following months. Related Reading: Bitcoin Advanced NVT Sits Above This Critical Threshold — What It Means For Price Action Darkfost went on to explain that as the price of BTC started its recovery, these short positions, expectedly — although slowly, got liquidated, becoming buying pressure for the cryptocurrency. This series of slow liquidations, however, spiked on May 8 to a new single-day high since as far back as March. According to CryptoQuant data, over $31 million in short positions were wiped out on Binance, the world’s largest exchange by trading volume. The chart below is of the on-chain indicator showing the amount of liquidations in USD — the ‘Short Liquidations USD’ metric. Furthermore, Darkfost revealed that the relatively low level of funding rates is around 0.004. This trend suggests the abundant presence of short positions in the market, and also the unwillingness of Binance traders to go long. Darkfost concluded that further liquidations or closures of these short positions could cause Bitcoin’s bullish trend to regain its momentum, thus facilitating further growth of the premier cryptocurrency. The crypto analyst also mentioned the possibility that this potential regain of bullish strength could push the flagship cryptocurrency to break above its previous all-time-high price. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $104,335, reflecting an over 1% increase in the past day. According to CoinGecko data, the flagship cryptocurrency has grown by nearly 9% in the past seven days. Related Reading: Here Are 5 Reasons Ethereum May Reach $12,000 In 2025 – Analyst Featured image from iStock, chart from TradingView
Following another impressive weekly performance, the price of Bitcoin is now trading above the psychologically relevant $100,000 mark. The flagship cryptocurrency jumped as high as $103,800, its highest price level since January 2025. However, the latest on-chain data suggests that the BTC price might be in a make-or-break season. Is A BTC Parabolic Rally On The Horizon? Crypto analyst Burak Kesmeci took to the social media platform X to reveal that the Bitcoin Advanced Network Value to Transaction (NVT) metric has surpassed a critical threshold. According to the online pundit, this on-chain development suggests a potential shift in market dynamics, which could ultimately impact the price of BTC. Related Reading: New Bitcoin Whales Sitting On 185% Higher Cost Basis Than HODLer Whales, Data Shows The Advanced NVT metric is a refined version of the traditional NVT indicator, which calculates the ratio of Network Value (market cap) by the volume (in USD) transferred through the blockchain daily. This Advanced Network Value to Transaction metric helps to better capture extreme valuation conditions. Hence, when the Advanced NVT metric surges above its long-term moving average by more than two standard deviations (2xSD), it implies that the BTC market cap growth does not correlate with its blockchain volume. Historically, this phenomenon often precedes either an extended price rally or sometimes a severe market correction. According to the data shared by Kesmeci, the Bitcoin Advanced NVT is above the 2xSD threshold, even though it might not persist above this level. The analyst mentioned that the indicator does not spend an extended period above 2xSD unless Bitcoin is on the verge of a parabolic price rally. Kesmeci noted: However, with a parabolic rally, it is possible that it could move much higher than 4xSD. This has happened before with the ETF rally after the approval of Spot ETFs. Furthermore, Kesmeci highlighted that while history suggests that Bitcoin Advanced NVT being above 2xSD is an anomaly that often precedes a rally, it is not set in stone that the indicator must lose the 2xSD level. Hence, investors might want to closely watch this BTC metric above this, as the premier cryptocurrency is currently at a critical juncture, which could define its long-term trajectory. Bitcoin Price At A Glance Over the past week, the price of BTC regained a six-figure valuation for the first time since losing the $100,000 level in February. As of this writing, the market leader sits just above the $103,100 mark, reflecting 0.5% jump in the past 24 hours. On the weekly timeframe, though, Bitcoin’s value is up by more than 6%. Related Reading: XRP Analyst Marks XDC For 3,350% Take-Off As Bullish Metrics Emerge Featured image from iStock, chart from TradingView
After a somewhat sluggish start to 2025, the Bitcoin price has begun to impress in the year’s second quarter. The premier cryptocurrency reclaimed the $100,000 mark earlier this week and seems to be making a play for its all-time high price at $108,786 over this weekend. The price of BTC appears to have flipped the switch in the market, with investors feeling that the world’s largest crypto market is back to where it was at the end of 2024. According to a popular crypto expert, the sell-side pressure experienced in the first few months of the year is all part of a broader price breakout. Is BTC Following This Cup And Handle Pattern? In a May 9 post on X, chartered market technician (CMT) Aksel Kibar shared an interesting update on his recent Bitcoin price analysis. The market expert revealed, in a late November 2024 post on the social media platform, a long-term breakout signal for the BTC price. Related Reading: Bitcoin Whale Entry Prices Diverge Sharply – Confidence Builds At Higher Levels Following the election victory of Donald Trump as United States President, the Bitcoin and crypto markets witnessed a significant amount of bullish momentum. Kibar highlighted that BTC, as a result of the post-election rally, was breaking above a significant price level on a large (monthly) timeframe. As shown in the chart above, the Bitcoin price broke above its “minor high” around the former all-time high of $73,737 in November. Based on historical patterns, Kibar highlighted in his chart that the flagship cryptocurrency goes on a parabolic run whenever it surpasses the minor high in the cycle. Interestingly, this November 2024 breakout has formed a cup and handle pattern, a technical analysis pattern that resembles a cup in the shape of the letter “u,” and the handle has a slight downward drift. The cup and handle is considered a bullish pattern, which signals the continuation of an upward trend. In this particular iteration of this pattern, the price of BTC continued to rally after breaking the $73.737 till it reached a six-figure valuation. However, the Bitcoin price witnessed a severe correction to around $74,000 after reaching its current all-time high in January. However, it appears that Bitcoin only witnessed a minor pullback to the “minor high” before resuming its primary upward trend. In this scenario, Kibar put the cup and handle target for the market leader at around $137,000, which represents an over 33% rally from the current price point. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $103,071, reflecting a nearly 1% increase in the past 24 hours. According to data from CoinGecko, the market leader is up by more than 6% on the weekly timeframe. Related Reading: Bitcoin Derivatives In The Driver’s Seat For $100,000 Rally, Data Shows Featured image from iStock, chart from TradingView
With Bitcoin back above $100,000, crypto analyst Leo Hart has released a 6-month roadmap on the flagship crypto’s journey to new all-time highs (ATHs). The analyst predicted BTC could rally to as high as $188,000 by the sixth month. The Roadmap For Bitcoin’s ‘Flight Plan’ To $188,000 In an X post, Leo Hart outlined Bitcoin’s “flight to the moon” plan for the next six months, during which he expects the flagship crypto to rally to $188,000. For stage one, which he dubbed the ‘Maximum Power Law Trend Departure,’ the analyst stated that the target is $108,000, and predicts that BTC will reach this price level in the next two weeks. Related Reading: Bitcoin Price To $150,000: BTC Is Mirroring Bullish Fractal From 2020 He further explained that this Bitcoin price level is 36 days from the first quarter point in his mathematical calculation. The analyst also highlighted the green rectangle near the Power Law Trend in his accompanying chart, which shows the maximum deviation from the PLT. For the second stage, ‘Maximum Absolute Wave Height’ (MAWH), Leo Hart stated that Bitcoin’s target at this stage is $145,500, and the timeline is two months. This means that BTC can reach this target by July, which would mark a new ATH for the flagship crypto. The analyst noted that this price target is the peak, represented by the horizontal tangent to the upper boundary in the chart. The third stage is the Red Zone Entry Point (RZEP), and the target is $188,000. Bitcoin is expected to reach this price level in the next four months. However, the analyst didn’t explain why BTC can hit this price level. Meanwhile, he also mentioned a fourth stage called ‘Zero Gravity and Re-entry.’ He explained that beyond stage 3, market participants will enter a zero-gravity phase with unknown parameters, followed by the descent from orbit, hinting at a potential price crash. BTC’s Journey To A New ATH Has Begun Crypto analyst Rekt Capital indicated that Bitcoin’s journey to a new all-time high has begun. In an X post, he noted that BTC has rejected from the $104,500 level, which was part of his initial theory on how the flagship crypto could reach a new ATH. Related Reading: Bitcoin Price Flashes Signal That Has Led To A Surge Every Time Following this rejection, the analyst predicts that the next step is for Bitcoin to hold the $97,000 to $99,000 range as support. Once that happens, he expects the flagship crypto to break out to new ATHs. His accompanying chart suggested that BTC could rally to $110,000 in the short term. Crypto analyst Titan of Crypto also confirmed that the $135,000 target is still in play for 2025. At the time of writing, the Bitcoin price is trading at around $103,400, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
Bitcoin is trading confidently above the $100,000 mark, having recently marked a local high near $104,300. After months of choppy action and uncertainty, bulls are now firmly in control, reigniting momentum across the broader crypto market. As BTC retests key supply levels last seen near the previous all-time high, optimism is building that this breakout could be the beginning of a sustained move higher. Related Reading: Bitcoin Whale Entry Prices Diverge Sharply – Confidence Builds At Higher Levels The entire market appears to be waking up, with altcoins following Bitcoin’s lead and liquidity flowing back into risk assets. Traders are watching closely to see if BTC can maintain this strength and convert $100K into solid support. Top analyst Big Cheds shared a technical update highlighting the current 4-hour chart structure, noting that BTC is exhibiting a bullish consolidation. This pattern typically signals continuation, as price compresses just below resistance before attempting a breakout. With no signs of exhaustion yet, the setup suggests that Bitcoin may have more room to run, especially if bulls can maintain momentum through the weekend. Bitcoin Tests Key Resistance Amid Bullish Momentum Bitcoin has surged with strength over the past few days, breaking through multiple resistance levels and reclaiming the $100K mark with conviction. Now trading near $104,000, BTC is facing a critical resistance zone that could determine whether the rally continues toward new all-time highs—or pauses for consolidation. This level coincides with the upper boundary of a previous supply zone and has become a focal point for both bulls and bears. While price action remains clearly bullish, macroeconomic conditions still pose risks. Persistent global uncertainty, concerns about inflation, and tight monetary policies from central banks could weigh on risk assets in the short term. If sentiment shifts or external shocks hit the market, Bitcoin may experience a pullback despite the strong structure it’s built recently. Cheds offered insights into Bitcoin’s current setup, highlighting that the 4-hour chart is showing a “high and tight” bullish consolidation—a classic continuation pattern. According to Cheds, this formation reflects strength, as BTC consolidates at elevated levels rather than pulling back, suggesting that buyers remain in control and are absorbing any sell pressure. If Bitcoin can push above the $104K mark with volume, the next logical target would be a retest of the previous all-time high around $109K. However, traders should remain cautious. Despite the bullish technical setup, short-term volatility and external market risks could lead to sudden reversals. For now, Bitcoin holds a bullish bias, and as long as it continues consolidating above $100K, the case for a continuation higher remains intact. The next few sessions will be crucial in determining whether BTC has the strength to break out or needs more time to build. Related Reading: Ethereum Breaks Key Resistance In One Massive Move – Higher High Confirms Momentum Price Analysis: Forming A Bullish Structure Bitcoin is currently trading just above $103,000, consolidating after tagging the $104,300 level earlier in the day. The price action confirms that bulls are firmly in control, having reclaimed the $100K level with strength and cleared multiple layers of resistance. However, the chart shows that BTC is now testing a major supply zone between $103K and $103.6K — a level that previously acted as resistance in January and February. Volume has spiked in recent days, signaling strong demand behind this breakout. Still, the latest candle shows a long upper wick, hinting at some short-term selling pressure as BTC faces overhead resistance. If bulls manage to push above $103.6K with sustained volume, a breakout toward the $109K all-time high could follow. Related Reading: Cardano Approaches Critical Resistance – Break Above Could Trigger Move To $0.80 On the downside, the $100K level now acts as immediate support. Below that, the $95K and $90K zones — previously consolidation areas — could offer additional structural backing. The daily 200-day simple moving average (SMA) at $91,227 and the 200-day exponential moving average (EMA) at $87,004 remain well below the current price, reinforcing the strong bullish trend. Featured image from Dall-E, chart from TradingView
CryptoQuant Founder and CEO Ki Young Ju has walked back his bearish prediction after the Bitcoin price broke out above $100,000. This move has taken the entire market by surprise after calls for lower prices dominated the crypto space for the last few months. As sentiment has moved back into the positive, Young has turned bullish, explaining the change in his stance and what is going on with the market right now. Bitcoin Bull Cycle Is Not Over In an X post, CEO Ki Young Ju explained how the current market has deviated from the previous cycles. For one, he explains that the market is no longer reliant on old Bitcoin whales, retail investors, and miners to move the market. This used to be the way to know the cycle top, which was when old whales and miners were offloading their bags. However, the market has managed to move on, and the Bitcoin price is now better positioned to absorb large sell-offs without issue. Related Reading: Bullish Continuation For XRP Price Shows Possible Recovery To $4 Young explains that this can be attributed to how diverse the market has become so far. The advent of Spot Bitcoin ETFs, which were approved by the Securities and Exchange Commission (SEC) back in 2024, have opened up new avenues for liquidity. Now, it is not only new retail investors playing the field, but also institutional investors who have been given an avenue to enter the market, and with much larger pockets. This new and substantial flow of liquidity has made it so that even sell-offs from large whales are no longer impacting the Bitcoin price the way they used to. Thus, the CEO believes that it is time to actually shift focus from the old to the new. Given this change in the tide, the CryptoQuant CEO stated that it might be time to throw out the cycle theory. This is because of the changes in liquidity flow, as sources have become more uncertain. “Now, instead of worrying about old whales selling, it’s more important to focus on how much new liquidity is coming from institutions and ETFs since this new influx can outweigh even strong whale sell-offs,” Young explained. Related Reading: Bitcoin Price Flashes Signal That Has Led To A Surge Every Time Nevertheless, he still posits that the current market isn’t flashing a clear bearish or bullish pattern when it comes to the profit-taking cycle. As he explains, the market is still sluggish around absorbing all of the new liquidity coming from the different sources and indicators are still “hanging around the borderline.” As for the Bitcoin price, it continues to show strength after crossing $100,000, as bulls eye new all-time highs above $109,000. Investor profitability has also skyrocket and a whopping 99% of all Bitcoin holders are now sitting in profit, according to data from IntoTheBlock. Featured image from Dall.E, chart from TradingView.com
Bitcoin has surged to $104,300, confirming the uptrend and reinforcing the bullish outlook that many analysts projected for 2025. This move places BTC deep into range-highs territory, with the next major challenge now clearly in sight: the all-time high at $109,000. The market’s strength comes on the back of strong technical performance and increasingly optimistic sentiment, as BTC continues to lead the crypto rally and altcoins follow suit. Related Reading: Cardano Approaches Critical Resistance – Break Above Could Trigger Move To $0.80 On-chain data from CryptoQuant adds further weight to the bullish narrative. One standout metric highlights the growing confidence among large holders: the absolute difference between the Realized Price of new whales and old whales now stands at $59.7K. Specifically, new whales have entered the market at an average price of $91.9K, while old whales’ basis remains at $32.2K. This translates to a 185% relative spread to the long-term holder (LTH) basis—a massive divergence. This wide gap signals that a new wave of high-conviction buyers is entering the market at significantly elevated prices. Unlike the cautious whale accumulation during previous cycle lows, this phase reflects strong belief in continued upside, even at premium levels. It’s a clear sign that institutional FOMO may be kicking in. Bitcoin Faces Resistance At $104K As Whale Activity Signals Growing FOMO Bitcoin is currently encountering resistance around the $104,000 mark—a level that may take time to break as it represents a critical barrier before entering price discovery above the all-time high near $109,000. The recent rally has shown remarkable strength, but as BTC consolidates just below its ATH, some selling pressure is expected. A successful breakout could lead to a swift surge beyond $109K; however, failure to do so may result in short-term consolidation or retracement. Top analyst Axel Adler shared key on-chain insights on X that highlight the evolving psychology of Bitcoin’s largest holders. According to Adler, the absolute difference between the Realized Price of new whales ($91.9K) and old whales ($32.2K) is $59.7K, representing a 185% relative spread to the long-term holder (LTH) basis. This sharp divergence reveals that new “whales” are entering the market at nearly three times the price of early entrants. In comparison, the same spread in November 2022 was only 62%, indicating more cautious accumulation near the market bottom. The current surge to 185% reflects rising confidence and FOMO, with large buyers willing to accumulate even at elevated prices. For context, during the 2021 cycle peak at $63K, the spread widened to 437%. Related Reading: Ethereum ‘Extremely Undervalued Against BTC’ – Supply Pressure May Delay Recovery This trend suggests that the market is entering a more aggressive accumulation phase, where belief in higher prices is driving demand despite the premium. If bulls manage to absorb the resistance around $104K, it could mark the start of a parabolic move—fueled not just by momentum, but by conviction from both retail and institutional players betting on a new Bitcoin all-time high. BTC Price Analysis: Key Levels To Watch Bitcoin is trading around $103,000 after reaching a high of $104,300 earlier today. The 4-hour chart shows BTC facing resistance at the $103,600 level, which aligns with a key supply zone from late December 2024 and early January 2025. This area acted as a previous rejection point during the last major rally and is now being tested again as potential resistance. BTC’s recent surge from the $87K–$90K consolidation zone has been aggressive, breaking above both the 200 EMA and 200 SMA (currently at $91,806 and $89,400, respectively) with strong volume. This confirms bullish strength and trend continuation, suggesting that buyers are still in control. However, the current range between $103K and $104K is historically significant, and bulls may need to absorb selling pressure before attempting a move toward the all-time high near $109K. Related Reading: XRP Bulls Expect A Breakout As Price Compresses Between Key Levels – Details If BTC consolidates above $100K and holds this level as new support, it would strengthen the case for continued upside. On the flip side, failure to break above $103,600 cleanly could lead to a short-term pullback. Market structure remains bullish overall, but this resistance zone will be critical in determining whether Bitcoin enters price discovery or pauses for accumulation. Featured image from Dall-E, chart from TradingView
Bitcoin blasted back through the psychologically charged $100,000 threshold for only the second time in its 16-year history, reclaiming a level last seen in February. As the world’s first stateless money ticked higher, SkyBridge Capital founder Anthony Scaramucci told podcast host Anthony “Pomp” Pompliano that sovereign wealth funds are already accumulating the asset and are poised to scale those purchases dramatically once Washington finishes writing the rules of the road. Sovereigns Are Pouring Billions into Bitcoin Scaramucci, whose new Little Book of Bitcoin chronicles his own conversion from skeptic to evangelist, said overseas officials are quietly adding the digital asset even before the United States clarifies stablecoin legislation, bank-custody guidance and broader tokenization rules. Related Reading: Bitcoin Resistance Limited Beyond $100,000, On-Chain Data Suggests When asked if sovereigns are buying Bitcoin secretly, Scaramucci answered: “I think they are buying it, I think they’re buying it on the margin,” he said, adding that regulatory green lights will unleash a massive wave of capital inflow. “I don’t think it’s going to be a gigantic ground swell of buying until we green light legislation in the United States,” he stated. This, in Scaramucci’s view, will make “people worth 10, 20, 30 trillion dollars buying a half-a-billion dollars of Bitcoin, buying a billion dollars of Bitcoin.” ???????? ANTHONY SCARAMUCCI JUST CONFIRMED THAT ALL SOVEREIGNS ARE BUYING BILLIONS OF #BITCOIN THIS IS WILD!!! ???? pic.twitter.com/AInDVGR6Jh — Vivek⚡️ (@Vivek4real_) May 8, 2025 The former White House communications director framed today’s discreet allocations as a rational response to an increasingly erratic policy environment. With tariffs ricocheting through global supply chains and the dollar’s primacy “controlling the global economy,” he argued, officials outside the United States are searching for insurance against what he called “executive-policy behavior.” “We may need to be decoupled from one sovereign currency,” Scaramucci said, predicting that gold’s record highs and Bitcoin’s resilience during this year’s stock-market slump stem from the same instinct for self-protection. Related Reading: Bitcoin Soars Toward $100,000 As Treasury, Not Fed, Drives Liquidity: Expert He stopped short of predicting that Bitcoin will replace the dollar, but he insisted that sovereign accumulation is the precondition for an eventual seven-figure price tag. “If you want to see a million-dollar Bitcoin, that’s when somebody at a sovereign says, ‘Okay, this is part of the infrastructure of the world’s financial-services architecture.’” In that scenario, he expects official portfolios to target 1%-3% allocations—enough, in his view, to lift Bitcoin’s market capitalization toward gold’s $20-30 trillion domain. Digital Gold Will Win For now, the “digital gold” thesis appears to be holding. While global equity indices have fallen 5%-8% since the latest tariff salvos, Scaramucci noted, Bitcoin is “roughly where it was at the beginning of the year.” Thursday’s breakout above $100,000 underscores that relative strength. SkyBridge itself has ridden that wave. Scaramucci reminded listeners that he began buying Bitcoin for his flagship fund around $20,000, calling the position “quite beneficial to our performance.” Independent fund-database figures show the $1.7 billion vehicle returned 43% in 2024, outpacing its hedge-fund benchmark by more than four-to-one—results Scaramucci attributes chiefly to the Bitcoin stake. “This is the best idea I have seen in my career,” he said. “I knew the risks of not jumping in were far greater than playing it safe.” Generational dynamics are reinforcing those flows. While older asset-managers still lean toward bullion, Scaramucci said, younger allocators already treat Bitcoin as an heirloom asset. “My grandchildren will end up having Bitcoin as a store of value,” he predicted. Still, he cautioned that widespread institutional adoption will not occur until the United States clarifies its regulatory stance. “If we green-light legislation before the end of the congressional term … then I will tell you that there’ll be large blocks of buying,” he said. Absent that clarity, purchases will remain incremental—yet even incremental flows from trillion-dollar institutions can tally in the billions. At press time, BTC traded at $103,077. Featured image created with DALL.E, chart from TradingView.com
Bitcoin (BTC), the market’s leading cryptocurrency, has surpassed the $100,000 mark for the first time since February, driven by a notable shift in President Donald Trump’s tariff policies, which sparked renewed optimism in the crypto market. Bitcoin Only 6% Off Its All-Time High Over the past months, aggressive tariff strategies implemented by Trump negatively impacted cryptocurrency prices, with Bitcoin experiencing a significant correction. The digital asset dropped to as low as $74,000, marking a 25% decline from its record high of $109,000 reached in January. However, the President’s decision to pause his so-called “tariff war” has led to a remarkable rebound in crypto prices boosted by a $6 billion trade deal with the UK announced on Thursday. Related Reading: XRP Is Forms Bullish Reverse Dragon Head Pattern, How High Can Price Go? In the thirty-days time frame, the market’s largest cryptocurrency has recorded a staggering 31% price surge, positioning it just 6.7% below its all-time high. Antoni Trenchev, co-founder of the crypto exchange Nexo, remarked: Bitcoin has not only reclaimed $100,000 for the first time in three months but has also reaffirmed its status as the ultimate bouncebackable asset as the prospects for US trade deals brighten. Other major cryptocurrencies have also benefited from this shift. Ethereum (ETH) has regained the $2,000 mark for the first time since late March, experiencing a 12% surge in just 24 hours, while Dogecoin (DOGE) followed closely with an 11% increase. Trenchev pointed out that Bitcoin’s recent performance is bolstered by a supportive pro-crypto administration and increased buying interest from spot-exchage-traded fund (ETF) investors. He noted that Bitcoin’s outperformance against US equity benchmarks in 2025 reinforces its status as a resilient and safe-haven asset. Analysts Warn Of Challenges Ahead Amid Global Uncertainty Despite the current bullish sentiment, Trenchev cautioned that Bitcoin’s resilience will be tested amid an uncertain global macroeconomic and geopolitical environment. Rising tensions between India and Pakistan pose potential risks, while the US Federal Reserve (Fed) remains cautious about cutting interest rates amid concerns over unemployment and inflation. Related Reading: VWAPs Don’t Lie—XRP Faces Judgment Day At Monthly Support Since the introduction of the tariff policy in early April, Bitcoin has gained more than 16%, while spot gold has risen nearly 6%, and the S&P 500 has seen only marginal gains, illustrating Bitcoin’s growing appeal as a hedge against traditional market fluctuations. In order to confirm its upward trend, analysts predict that Bitcoin will need to break above its January high of over $109,350. According to Trenchev, the cryptocurrency’s price might stay between $70,000 and $109,000 for the months following the election. Nevertheless, he emphasized that reclaiming the $100,000 milestone is a significant achievement for Bitcoin. “Buying during peak fear—just last month Bitcoin was languishing around $74,000—can be exceptionally lucrative,” he concluded. Featured image from DALL-E, chart from TradingView.com
Bitcoin price started a fresh surge above the $100,000 zone. BTC is rising and might aim for a move toward the $105,000 resistance. Bitcoin started a strong increase above the $98,500 resistance zone. The price is trading above $100,500 and the 100 hourly Simple moving average. There is a new connecting bullish trend line forming with support at $102,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $104,200 zone. Bitcoin Price Surges Over 8% Bitcoin price started a fresh increase from the $95,500 support zone. BTC formed a base and was able to clear the $98,000 resistance zone. The bulls even pushed the price above $100,000. The pair spiked above $103,500 and tested $104,200. A high is formed at $104,082 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $95,824 swing low to the $104,082 high. Bitcoin is now trading above $100,500 and the 100 hourly Simple moving average. There is also a new connecting bullish trend line forming with support at $102,000 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $103,500 level. The first key resistance is near the $104,500 level. The next key resistance could be $105,000. A close above the $105,000 resistance might send the price further higher. In the stated case, the price could rise and test the $106,500 resistance level. Any more gains might send the price toward the $108,000 level. Are Dips Supported In BTC? If Bitcoin fails to rise above the $103,500 resistance zone, it could start another downside correction. Immediate support on the downside is near the $102,200 level. The first major support is near the $100,000 level and the 50% Fib retracement level of the upward move from the $95,824 swing low to the $104,082 high. The next support is now near the $98,800 zone. Any more losses might send the price toward the $97,500 support in the near term. The main support sits at $96,200. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $102,200, followed by $100,000. Major Resistance Levels – $104,200 and $105,000.
The Bitcoin price action has once again caught the attention of the broader crypto market, as it flashes major bullish signals that have, without fail, led to significant rallies throughout this cycle. Building on this technical signal, a crypto analyst has forecasted that Bitcoin could mirror historical trends and potentially surge to a new all-time high. Bollinger Band Signal Hints At Bitcoin Price Rally A closer look at Bitcoin’s weekly chart presented by Bitcoinsensus on X (formerly Twitter) reveals a critical pattern that has only appeared four times since 2022. Each occurrence has marked the beginning of a strong upward movement in Bitcoin’s price, making this a highly bullish setup. Related Reading: Elliot Wave Theory Shows Where Bitcoin Is In This Cycle – Bull Rally Over? The signal in question is the Bollinger Bands, which is known to identify potential reversal zones. The analysis shows that Bitcoin has recently touched the lower Bollinger Band on the weekly chart and bounced upward, confirming a support level that historically acted as a springboard to sustained bullish momentum. This marks the fifth time this specific signal has occurred during this cycle. Each of the past four signals, highlighted by the white circles on the chart, was followed by strong price rallies. Notably, in early 2023, Bitcoin rallied from below $2,000 to over $30,000 following the appearance of this Bollinger Band signal. A similar pattern played out in mid-2023 when this setup triggered a surge that pushed Bitcoin above $45,000. Later that year, the same signal preceded a breakout, with BTC soaring past $60,000. Most recently, in early 2024, the Bollinger Band signal sparked a parabolic run above $100,000. Now, in Q2 of 2025, Bitcoin is once again flashing this historically reliable indicator. Its price found strong support near the $77,500 level, with resistance levels set above $106,000. As the Bollinger Bands align, Bitcoinsensus predicts a potential rally toward $130,000 – $160,000. This would mark a historical all-time high for Bitcoin, representing a maximum increase of over 46.7% from its current ATH above $109,000. BTC Poised For Breakout As Price Nears $100,000 Again The Bitcoin price is once again approaching the $100,000 mark after its latest 4.75% surge this past week. Amidst its price recovery, crypto analyst Trader Tardigrade predicts that Bitcoin will soon break out of bearish resistance to reach new highs. Related Reading: Bitcoin Raging Bull Indicator Turns Back On, But This Level Holds The Key The analyst shared a BTC chart analysis highlighting a recurring breakout pattern that has historically preceded large upward moves after a breakout from a descending resistance trendline. This pattern has emerged three times in the past: first from late 2022 to early 2023, then from mid-2023 to early 2024, and finally from late 2024 to early 2025. In the current setup, Bitcoin is once again testing the descending trendline resistance and appears to be breaking out from it. If history is any indication, the analyst projects a potential target zone between $100,000 – $136,000, marking a new ATH. Featured image from Pixabay, chart from Tradingview.com
Arthur Hayes, the co-founder of BitMEX and principal of Maelstrom Capital, contends that the US Treasury—rather than the Federal Reserve—is the true engine of the current bull market in risk assets, Bitcoin foremost among them. Speaking in a live-streamed one-on-one interview Wednesday evening, Hayes argued that traders should “ignore Powell” and instead parse every word and data table that comes out of the Treasury’s quarterly refunding announcement. “Powell hasn’t really mattered for many years,” Hayes insisted, dismissing the Fed chair’s decision to leave the federal-funds rate at 4.25 % to 4.50 % for a third consecutive meeting. “The real show is at the Treasury Department. […] Listen to Bessent. Ignore Powell. He’s irrelevant.” Hayes’s thesis rests on a liquidity dynamic that first surfaced in the third quarter of 2022. Then-Treasury Secretary Janet Yellen, he said, spotted “two-and-a-half trillion dollars of excess money sitting in the Fed’s reverse repo facility” and shifted issuance toward short-dated Treasury bills. That maneuver, by Hayes’s calculation, siphoned dormant cash out of the Fed and “injected it into the global money markets,” seeding a broad rally that lifted equities, bonds, gold and—most forcefully—crypto. “Powell didn’t matter in 2022 under a Democratic regime,” he said. “He doesn’t matter today under the Republican regime.” Related Reading: Bitcoin Poised To Retest All-Time High If This Level Holds, Says Bitfinex Treasury Secretary Scott Bessent’s newly minted authority to conduct buybacks is, in Hayes’s view, the next accelerant. Buybacks would allow the Treasury to recycle on-the-run securities and absorb supply shocks without forcing the Fed to expand its balance sheet overtly. “Bessent has tools,” Hayes noted, citing an April 11–12 Bloomberg appearance. “Powell will sit back and say ‘I’m going to look at data,’ but he’s a sideshow.” Bitcoin’s Macro Logic Hayes reduces the trading implications to a single variable: the quantity of fiat dollars in circulation. “If there is a bigger quantity of fiat dollars in the world than there were yesterday, Bitcoin and crypto will do well,” he said. Price-stability debates, exchange-rate gyrations and even the trajectory of the US Dollar Index (DXY) are secondary. “Bitcoin doesn’t care. All we care about is: Is there more dollars in the system today than yesterday?” That framework underpins his long-running forecast that Bitcoin can reach $1 million before 2028. The target is deliberately round—“We’re humans, we’re dumb, let’s just pick a round number that’s big”—yet Hayes grounds it in compounding fiscal pressures. Related Reading: Raoul Pal: Bitcoin Could Hit $450,000 In Liquidity-Driven Supercycle Interest on the US national debt was the fastest-growing line item in the most recent Treasury Borrowing Advisory Committee presentation; Social Security, Medicare and defense costs, he argued, will only push borrowing needs higher. “There’s just no way the US government is going to stop spending money,” he said, adding that he expects “an acceleration of money printing and fiscal debasement” once Powell’s term expires in May 2026. Asked how he is allocating capital, Hayes said about 60%–65% of his liquid portfolio is in Bitcoin, 20% in Ether, with the remainder in a handful of what he called “quality shitcoins.” He highlighted three projects—Pendle, EtherFi and Ethena—as examples of what he calls “fundamental season,” protocols that generate real revenue and share it with token-holders. The timing of a broader rotation into altcoins, he added, will depend on Bitcoin dominance. “I think we need to get above 70% before we start seeing a rotation back into alts,” a threshold he tentatively places in the $110,000–$150,000 BTC price range. Hayes was skeptical that the US–China tariff confrontation will meaningfully shrink the bilateral trade gap. Both sides, he said, need a “face-saving announcement” for domestic audiences, but the United States will continue importing Chinese goods, whether directly or through third-countries. Over time, he expects Washington to rely less on tariffs and more on capital-account measures—such as user fees on Treasuries held by foreigners—to re-engineer trade flows without asking US consumers to “buy less stuff.” A weaker dollar, in his model, is a by-product of those adjustments, not a centrally planned objective. “If foreigners sell less things in dollars and those dollars are not invested in the financial markets, the dollar will go down in value,” he said. That, again, feeds the Bitcoin bid. At press time, BTC traded at $98,827. Featured image created with DALL.E, chart from TradingView.com
Bitcoin price started a fresh increase above the $96,500 zone. BTC is rising and might aim for a move toward the $100,000 resistance. Bitcoin started a decent increase above the $96,500 resistance zone. The price is trading above $96,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $97,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $98,800 zone. Bitcoin Price Regains Traction Bitcoin price started a fresh increase from the $93,500 support zone. BTC formed a base and was able to clear the $95,000 resistance zone. The bulls even pushed the price above $96,500. There was a break above a connecting bearish trend line with resistance at $97,200 on the hourly chart of the BTC/USD pair. The pair spiked above $98,000 and tested $98,300. A high is formed at $98,292 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $95,824 swing low to the $98,292 high. Bitcoin is now trading above $97,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $98,250 level. The first key resistance is near the $98,500 level. The next key resistance could be $98,800. A close above the $98,800 resistance might send the price further higher. In the stated case, the price could rise and test the $99,500 resistance level. Any more gains might send the price toward the $100,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $98,250 resistance zone, it could start another downside correction. Immediate support on the downside is near the $97,700 level. The first major support is near the $97,000 level and the 50% Fib retracement level of the upward move from the $95,824 swing low to the $98,292 high. The next support is now near the $96,400 zone. Any more losses might send the price toward the $95,500 support in the near term. The main support sits at $94,200. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $97,000, followed by $96,400. Major Resistance Levels – $98,250 and $98,800.
Bitcoin is finally showing signs of strength as it attempts to push above the $98,000 level, signaling a potential end to months of volatility and selling pressure. For the first time in weeks, bulls appear firmly in control, reclaiming momentum and building a case for a sustained uptrend. After a prolonged period of uncertainty, BTC is now trading within a pivotal range that could shape its next major move. Related Reading: Ethereum Consolidates As Accumulation Trend Develops – New Bullish Phase Ahead? A drop below the $90,000 support zone would threaten the current structure and potentially confirm bearish momentum. On the other hand, a clean breakout and daily close above $100,000 would likely open the door to a powerful rally and renewed market confidence. This makes the coming sessions especially critical for traders and investors alike. Top analyst Big Cheds recently highlighted Bitcoin’s strong technical setup, pointing to the 4-hour chart where BTC is showing “beautiful strength” as it tests the upper bounds of its trading range. This could be the beginning of a breakout phase if bulls can maintain pressure and flip resistance into support. Bitcoin Triggers Investor Frustration As $100K Breakout Remains Elusive Bitcoin is testing investors’ patience once again as it continues to struggle below the key psychological level of $100,000. Despite strong price action in recent weeks, BTC has failed to reclaim this milestone, leaving the market divided over what comes next. While some analysts maintain that the bull run is far from over and expect Bitcoin to break its previous all-time high at $109K, others argue that this current rally is nothing more than a relief bounce within a broader bear market structure. Following months of heavy selling pressure and macro uncertainty, Bitcoin has shown renewed strength, reclaiming key support levels and climbing back above $97K. This move has reignited bullish hopes, especially as price action forms higher lows and approaches the top of a multi-week range. Cheds has weighed in with a more optimistic take, highlighting Bitcoin’s “beautiful 4H strength” as the price continues to press against range highs. Cheds noted that BTC is showing more resilience than he initially expected, a sign that bulls still have control, at least for now. However, the $100K level remains a major resistance zone. A confirmed breakout above it could validate a full-scale continuation of the bull market. Until then, the market remains at a standstill, caught between anticipation and doubt. Traders are watching closely for either a breakout above $100K to trigger new upside momentum, or a breakdown below $92K–$90K to confirm a deeper correction. Related Reading: Cardano Struggles At Resistance – Expert Sees A Retest of Lower Support Levels In short, Bitcoin’s structure is promising, but indecision dominates. Whether this is a setup for new highs or the calm before renewed downside remains to be seen, the next move could define sentiment for the months ahead. Technical Details: BTC Testing Critical Supply Bitcoin is trading at $96,959 after bouncing strongly from support near $94,000 and reclaiming short-term momentum. The 4-hour chart shows a clear attempt by bulls to retest the $98,000 level, a key resistance zone just below the psychological $100K barrier. Price is trending well above both the 200-period simple moving average (SMA) at $88,387 and the 200-period exponential moving average (EMA) at $90,723, reinforcing the bullish structure that has been developing since mid-April. The recent move confirms higher lows and a sustained bullish trend, as BTC continues to build upward pressure against range highs. Volume has picked up slightly during the latest breakout attempt, suggesting fresh demand entering the market. However, the $98K–$100K area has historically triggered selling interest, so a decisive break and close above $100K will be essential to confirm a true breakout. Related Reading: Avalanche Bounces Off Key Price Level: Top Indicator Flashes A Buy Signal If bulls manage to reclaim $100K, Bitcoin could quickly extend toward its previous all-time high near $109K. On the downside, holding above the $94K–$95K zone will be critical to preserving bullish momentum. For now, Bitcoin appears to be setting the stage for a breakout, but traders should watch closely as price compresses just under resistance. The next move will likely set the tone for the broader market. Featured image from Dall-E, chart from TradingView
Bitcoin’s resurgence in April has positioned it for a potential breakout toward its all-time high—provided one key technical level continues to hold. That’s the core takeaway from the latest Bitfinex Alpha report, which offers a data-rich breakdown of BTC’s recent market dynamics and the underlying structural forces that may guide its trajectory as macroeconomic pressures persist. Bitcoin Eyes All-Time High The report, dated May 5, 2025, reveals that Bitcoin closed April with a 14.08% monthly gain, outperforming both its historical average return of 13% and the median return of 7.3% for the month. The rebound is particularly significant given the market’s early-April volatility, which saw Bitcoin plunge 32% from its all-time high of $109,590 to a low of $74,501—marking the steepest correction of the current cycle. This sharp downturn, intensified by macroeconomic headwinds such as trade tensions, appeared to signal a deeper structural breakdown. Yet, what followed was an aggressive recovery that Bitfinex analysts argue is indicative of a resilient and well-supported market. Related Reading: Bitcoin Network Activity In Bear Market Zone—Warning Or Opportunity? “Bitcoin has shown notable resilience relative to other risk assets,” the report notes, underscoring that the price has surged more than 32% from its April lows to local highs of $97,900. This rally, however, now faces a critical test: whether BTC can reclaim and sustain the $95,000 level, which Bitfinex identifies as “a critical pivot point, acting as the lower boundary of a three-month range that defined market structure between November 2024 and February 2025.” The report emphasizes that holding above this threshold is not just a matter of sentiment but of structural significance. A successful consolidation above $95,000 would, according to the analysts, signal a shift back into bullish territory and could pave the way for a retest of the $109,590 all-time high. Failure to do so, however, “could turn the region into resistance once more,” with implications of a renewed correction. Key to the current bullish thesis is Bitcoin’s short-term holder (STH) cost basis, which Bitfinex places at $93,340. This metric—representing the average acquisition price of coins held by recent market entrants—has historically served as a dividing line between bullish and bearish phases. “The ability to reclaim and now consolidate within this zone is an encouraging sign,” the report states, noting that sustained price action above this level would likely “convert this range into a new support base, reinforcing bullish sentiment.” Related Reading: Raoul Pal: Bitcoin Could Hit $450,000 In Liquidity-Driven Supercycle Bitfinex underscores that “the significance of this level cannot be overstated.” If BTC remains above the STH cost basis, it would prevent a large cohort of recent buyers from slipping back into unrealised losses—an outcome that could otherwise intensify sell pressure. As the report succinctly frames it: “The next few sessions will be crucial in determining whether this reclaim is the foundation of a new leg higher—or merely a local top.” Why BTC Looks Strong Beyond price levels and technical patterns, the report delves into on-chain data, offering a window into the conviction of long-term network participants. Miner reserves, a bellwether of internal market confidence, have remained strikingly stable. From December 2024 to May 2025, reserves rose marginally from 1,808,315 BTC to 1,808,674 BTC. Such stability, Bitfinex argues, “strongly suggests a deliberate holding strategy,” particularly given that miners often need to liquidate holdings to cover operational costs. Their continued restraint is interpreted as a signal of longer-term bullish expectations. This miner behaviour gains further validation from the Puell Multiple, a widely observed profitability metric. The indicator, which compares daily miner revenues against the 365-day average, remains well below the 2.0 threshold that historically coincides with major sell-offs and local market tops. “Miners, by nature and necessity, are some of the most disciplined participants in the ecosystem,” Bitfinex reminds its readers. Their decision to continue holding through Bitcoin’s recent 32% recovery lends further credence to the thesis that the current rally is not merely reactive, but structurally supported. In sum, the Bitfinex Alpha report positions the current BTC market as one defined by critical thresholds and cautious optimism. While the recovery from the April lows has been rapid and technically impressive, all eyes are now on the $93,340 to $95,000 range. If Bitcoin can maintain support above this zone, the report argues, it may have the structural footing necessary to resume its upward trajectory and test its all-time high. At press time, BTC traded at $96,923. Featured image created with DALL.E, chart from TradingView.com
Market commentator Miya has outlined an interesting theory on why the Bitcoin price is poised to hit $110,000 by the end of the year. The expert alluded to current macro conditions and how it is bound to favor the flagship crypto at the end of the day. Why The Bitcoin Price Will Hit $110,000 In an analysis titled ‘The Big Short against Retail,’ Miya predicted the Bitcoin price to reach $110,000 by the end of the year. At the same time, the expert expects the S&P 500 to drop to 4,700. She opined that the stock market is heading towards a bad summer, which is why she expects a lower low on the SPX but a “pristine” Bitcoin. Related Reading: Bitcoin Raging Bull Indicator Turns Back On, But This Level Holds The Key Basically, Miya expects the Bitcoin price to benefit from any potential downtrend in the stock market, with investors viewing it as a flight to safety. She remarked that the market is heading towards a terrible macro situation, which could cause stocks to crash. These predictions came as the expert commented on the nine consecutive green days that stocks have enjoyed and why she believes it won’t last long. The market commentator noted that Donald Trump has made three main promises to the market: lower rates, tariffs, and taxes. These promises are expected to be kept, and she claims that the market is pricing them in as a sure thing. Traders are currently betting on a rate cut in June, while the US and China are set to meet to agree on a lower tariff. Lower taxes could come following a successful tariff policy. Thanks to this, the stock market has been on a nine-day-long uptrend, while retail traders have made profits by buying the dip. However, Miya has warned that the market isn’t as strong as it looks and could soon blow up, with the Bitcoin price benefiting when this projected crash happens. Why The Stock Market Is Bound To Crash The expert noted that this false idea of up-only gives retail investors the illusion of complacency, as they do right now with their $57 billion bid on top of retail accumulated shares. However, she remarked that eventually, this will unfold with the “containership recession trade” hitting the US in five days. BTC is expected to be a hedge against this macro situation, which would lead to a Bitcoin price surge. Related Reading: Bitcoin Price Falters: Why Has The 5th Wave Been Elusive Below $100,000? Miya explained that all the ‘Magnificent 7’ earnings in the last season have been massively skewed and were “useless information,” meaning they cannot be relied on to show a strong market. She added that TMT firms that manufacture physical hardware usually manufacture in waves, so the actual impacts will show up in their H2 capex over Q1 results, meaning the impact of tariffs hasn’t exactly started kicking in. At the time of writing, the Bitcoin price is trading at around $96,500, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
With the Federal Open Market Committee set to announce its May 7 policy decision, Bitcoin traders face a macro‑driven inflection point that could define price action into the summer. The Federal Reserve, under Chair Jerome Powell, is all but certain to keep the fed‑funds corridor at 4.25 to 4.50 percent; CME Group’s FedWatch tool assigns a 98.2 percent probability to an unchanged stance. That near‑certainty, however, has not muffled political noise. President Donald Trump and Treasury Secretary Scott Bessent have publicly pressed for lower borrowing costs, yet Powell’s most recent public remarks on 16 April framed monetary policy as “in a wait‑and‑see mode,” adding that the labor market “is in decent shape” but that the Fed’s “obligation is to keep longer‑term inflation expectations well anchored and to make certain that a one‑time increase in the price level does not become an ongoing inflation problem.” In effect, the central bank continues to prioritize price stability even as leading indicators imply a cooling economy and a likely pivot to easing in the second half of the year. FOMC Preview For Bitcoin For Bitcoin, the debate is less about whether the Fed blinks tomorrow and more about how algorithmic liquidity and discretionary positioning react to the tone of Powell’s press conference. Crypto trader Josh Rager told his followers on X, “Expect chop chop until FOMC tomorrow. Then after the rate cut announcement, expect volatility. With a reversal during Powell’s speech. That’s my FOMC playbook at the moment.” Although Rager’s baseline presumes an eventual reduction in rates, his near‑term focus is the intraday whipsaw that typically frames the statement‑and‑Q&A window. Related Reading: Strategy Expands Bitcoin Investments With Latest Purchase, Now Holding 555,450 BTC In Total Astronomer (@astronomer_zero) offered a more probabilistic roadmap, emphasizing that his trademarked FOMC‑reversal model has “consistently provided reversals with an over 85 percent chance. If the mechanics continue to play out for this month, that would mean we would (have) top(ped) out this or last week before a significant move down.” Yet he tempers that historical edge by noting that the prevailing quarterly uptrend in Bitcoin could blunt the signal: “That would mean that this and/or next FOMC meeting both have a weakened reversal effect in the midst of what I expect to be a strong uptrend.” In practical terms, he foresees: “I think the most likely scenario (76% chance) is a move up from here and the FOMC reversal gets completely ignored. The smaller chance (24%) is indeed a rather shallow pullback within our stoploss area.” Related Reading: LMACD Indicator Reveals Where The Bitcoin Price Is After Rejection From $97,000 Columbus (@columbus0x) looks to the microstructure for confirmation. Citing a Hyblock heat‑map of liquidations, he expects “a wick below into the box… below the equal lows and also exactly the area that Hyblock has highlighted as a yellow zone,” a region that coincides with the 0.382 Fibonacci retracement from the last significant swing low. Should Powell strike a hawkish tone, Columbus anticipates “a deviation below the range low / a retest of the 200‑day SMA, closing the CME gap between $91.8 and$92.4 k – or possibly even dipping into the high $80’s. Nonetheless: trend is up.” Momentum diagnostics add a final layer. Titan of Crypto observes that Bitcoin “is consolidating between last week’s high and low, awaiting tomorrow’s FOMC meeting and Jerome Powell’s speech. Meanwhile, the daily MACD is crossing bearish, signaling slowing momentum.” A confirmed rollover in the histogram would align with the shallow‑pullback scenario outlined by Astronomer and Columbus, yet the consolidation itself keeps higher‑time‑frame trend traders constructive Taken together, tomorrow’s decision appears binary only on the surface; the real determinant is Powell’s forward‑guidance language and its impact on terminal‑rate pricing. If the Chair stresses patience while acknowledging softer data, the curve could begin to discount a June cut, providing a macro tailwind that validates the bulls’ quarterly thesis. Conversely, any hint of renewed vigilance on inflation would embolden short‑term bears hunting liquidity below $92 k. Either way, the tape has little room for complacency: liquidity is thin, options gamma is clustered around the psychologically resonant $100,000 strike, and the narrative energy surrounding a second‑half‑of‑2025 easing cycle is colliding head‑on with the Fed’s near‑term inflation mandate. At press time, BTC traded at $94,097. Featured image from Shutterstock, chart from TradingView.com
Bitcoin price started a downside correction and tested the $94,000 zone. BTC is again rising and might aim for a move toward the $98,000 resistance. Bitcoin started a decent increase above the $95,500 resistance zone. The price is trading above $95,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $94,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $97,750 zone. Bitcoin Price Bounces Back Bitcoin price started a downside correction below the $95,500 support zone. BTC declined below the $95,000 and $94,500 support levels. However, the bulls were active near the $94,000 zone. The recent low was formed at $93,398 and the price started a fresh increase. There was a move above the $94,500 level. Besides, there was a break above a connecting bearish trend line with resistance at $94,750 on the hourly chart of the BTC/USD pair. There was a move above the $96,500 resistance zone. Bitcoin is now trading above $95,500 and the 100 hourly Simple moving average. A high was formed at $97,650 and the price is consolidating gains above the 23.6% Fib retracement level of the upward move from the $93,398 swing low to the $97,650 high. On the upside, immediate resistance is near the $97,250 level. The first key resistance is near the $97,750 level. The next key resistance could be $98,000. A close above the $98,000 resistance might send the price further higher. In the stated case, the price could rise and test the $98,800 resistance level. Any more gains might send the price toward the $100,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $97,750 resistance zone, it could start another downside correction. Immediate support on the downside is near the $96,650 level. The first major support is near the $95,500 level and the 50% Fib retracement level of the upward move from the $93,398 swing low to the $97,650 high. The next support is now near the $95,000 zone. Any more losses might send the price toward the $94,500 support in the near term. The main support sits at $93,200. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $96,650, followed by $95,500. Major Resistance Levels – $97,750 and $98,000.
Crypto analyst Tolimanu has used the Elliott Wave Theory to provide insights into where Bitcoin currently is in this market cycle. Based on his analysis, the bull run is not yet over, with the flagship crypto set to reach new highs. Elliot Wave Theory Shows Bitcoin’s Current Position In This Cycle In an X post, Tolimanu noted that in Elliot Wave Theory, a 5-wave move up typically marks a primary trend, and an ‘ABC’ correction is a natural retracement of that trend. Based on this, he stated that unless this Bitcoin correction breaks major long-term support levels, such a decline would typically set up the next higher-degree bullish phase. Related Reading: LMACD Indicator Reveals Where The Bitcoin Price Is After Rejection From $97,000 On the bearish side, his accompanying chart showed that Bitcoin could still correct to as low as $73,969 on wave C of the ABC correction. However, as the analyst suggested, a hold above this support level could send BTC to new highs. Technical expert Tony Severino also recently warned that the Bitcoin price is in a precarious position. Despite the recent surge, he suggested that BTC is still in a bearish position. The expert remarked that if the daily momentum crosses bearish, it could prevent the weekly bullish crossover and pull the weekly LMACD below zero. In another post, Severino noted that Bitcoin’s daily RSI failed to get above 70, which is a key trigger required for a bullish impulse. He remarked that failure at 70 the last time led to the most vicious leg down of the last bear market. He added that the entire bear market remained below 70. The technical expert also noted that in 2023, the two local tops did make it above 70, but it wasn’t convincing enough, while in 2024, the entire corrective phase stayed below 70 on the RSI. Basically, Severino highlighted the importance of 70 on the RSI and how BTC is still in a bearish position. BTC Looking To Fill CME Gaps Below And Above Crypto analyst Titan of Crypto revealed that Bitcoin is looking to CME futures gaps below and above its current price. The upside gap is between $96,480 and $97,300, while the downside gap is between $91,990 and $93,400. In another post, the analyst suggested that BTC might fill the downside gap before moving to the upside targets. Related Reading: Bitcoin Price Confirmed Local Bottom As All Indicators Flash Bullish, Where’s Price Headed? This came as he noted that the next key support for Bitcoin is the daily Fair Value Gap, which is around $90,000. The analyst added that a bounce from that zone is likely. His accompanying chart showed that the target on this bounce is $102,096. At the time of writing, the Bitcoin price is trading at around $94,300, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
At Sui Basecamp, macro investor and Real Vision co-founder Raoul Pal delivered a characteristically sweeping address that framed the current crypto market environment as the beginning of what he called a “liquidity-driven supercycle” — with Bitcoin potentially reaching $450,000 before the end of it. Drawing from over three decades of macroeconomic research, Pal outlined his thesis through the lens of what he terms the “Everything Code,” a framework that centers on global liquidity, debt cycles, and currency debasement as the core forces shaping asset prices across all markets. Why $450,000 Bitcoin Is Possible? “Bitcoin’s year-on-year rate of change is driven by financial conditions with a three-month lag,” said Pal, pointing to the remarkably consistent correlation between total global liquidity and the price action of major assets. “The correlation between Bitcoin and global liquidity is 90%, and with the Nasdaq, it’s 95%. It’s hard to refute that this is not what is happening.” According to Pal, this correlation is not incidental — it is structurally tied to how the modern macro system operates, especially in a post-2008 world characterized by chronic debt overhang and systematic liquidity injections. Pal emphasized that most people misunderstand the true driver of crypto cycles. “Everyone talks about the halving, but this is about the debt refi cycle. Every four years, global debt rolls over, and central banks are forced to pump liquidity to avoid systemic collapse.” He added that the average maturity of global debt is four years, concentrated in the three- to five-year sector, which naturally produces cyclical liquidity waves that coincide with market booms in crypto. The mechanism, Pal argued, is a global financial shell game: “Scarce assets keep going up in price — real estate, equities, art, gold. Young people can’t afford them. What’s actually happening is a global taxation of 8% a year you don’t understand. Add in another 3% global inflation, and you’re looking at 11% debasement.” In this context, Bitcoin — with its fixed supply and decentralized nature — becomes, in Pal’s view, a rational escape valve for capital. Related Reading: Bitcoin Recovery Fueled By Almost $19 Billion In Crypto Inflows, Data Shows Notably, Pal referred to Bitcoin as the single best-performing asset in all of financial history, citing a 27.5 million percent return since 2012 and an average annualized return of 130%, despite massive drawdowns. “Nothing has ever come close,” he said, before comparing its performance to that of Ethereum (113%) and Solana (142%), with the caveat that Solana’s data covers a shorter timeframe. While some of his statements may appear hyperbolic, Pal backed them with a detailed macro analysis and time-tested indicators. He invoked his use of Demark indicators — a technical analysis tool — which flagged significant market turning points in prior cycles, and are now suggesting a breakout continuation for Bitcoin. According to his models, should the ISM (Institute for Supply Management) Manufacturing Index reach a level of 57, Bitcoin could be fairly priced at $450,000. “Is it exact? No. But all the people who are saying it’s going to $150K or $250K are probably scarred from the last cycle,” Pal argued, stressing the importance of forward-looking data. Related Reading: Bitcoin Price Faces Stiff Resistance: Is Another Drop on the Horizon? He also dismissed current bearish sentiment as misguided and backward-looking: “People are creating narratives for today to explain liquidity conditions from three months ago,” he said, criticizing popular economic commentary on platforms like X. To Pal, the market has already priced in recent economic weakness — including fears surrounding tariffs, the slowing economy, and geopolitical tensions — and is beginning to pivot toward the next liquidity expansion phase. “Bitcoin’s already priced it down to 47.4 on the business cycle indicator,” he said, referencing data that had only just come out the day before. “But financial conditions lead by nine months, and they’re turning.” When Will BTC Peak? Pal’s broader view is that we are now entering “the banana zone,” his term for the high-velocity portion of the crypto cycle where prices move sharply upward. “Every cycle looks the same. Breakout, retest, banana zone. We’ve had banana one, the corrective zone, banana two. What’s next is banana three.” He believes the current setup is unusually strong due to a confluence of factors: synchronized global liquidity expansion, a weakening dollar, central banks beginning to ease, and retail plus institutional underexposure to risk assets. As he concluded his speech, Pal reinforced his thesis with urgency but caution: “We’ve got the central banks debasing currency, giving us a gigantic tailwind. They don’t want the system to break. Every time something happens, they inject more liquidity. They’re giving you free money. And to take that money, you need the volatility.” He warned against overtrading, using leverage, or panicking during inevitable corrections. “Don’t f*** this up,” he said, referencing his own past mistakes during the 2017 bull run. “Hold on to your tokens. Be careful. Don’t get FOMO. Follow the liquidity.” Pal expects this cycle to extend potentially into Q1 or Q2 of 2026, especially if political dynamics around a possible Trump re-election push the liquidity cycle even further. Whether Bitcoin ultimately reaches $450,000 remains to be seen, but Pal’s thesis is clear: the macro tailwinds are aligned, the data supports it, and this may be — as he puts it — “the greatest macro opportunity of all time.” At press time, BTC traded at $94,191. Featured image created with DALL.E, chart from TradingView.com