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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

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

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

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 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

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’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

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

As Bitcoin (BTC) inches closer to the coveted $100,000 mark, optimism in the broader cryptocurrency market is palpable. Following a recovery that saw Bitcoin rise to approximately $97,800 last week, it has since retraced to around $94,340, reflecting a slight 0.4% decrease over the last 24 hours, according to CoinGecko data.  This comes on the heels of a significant sell-off in April, when Bitcoin dipped to as low as $74,000. However, renewed hopes for a new all-time high are emerging among investors and analysts of the market. Bitcoin Bullishness Grows  The bullish sentiment surrounding Bitcoin has been further emphasized by crypto analyst Doctor Profit, who suggests that the cryptocurrency is on a strong upward trajectory. He confidently states that in a year, Bitcoin will likely not fall below the $100,000 threshold again. Last week, Doctor Profit noted that Bitcoin has surged over 25% since his entry point at $77,000. He highlighted a critical breakout above the “Hammer Line,” a key resistance level he had previously identified at around $85,000, asserting that this breakout would pave the way for further gains. Related Reading: Analyst Says $2 XRP Price Is Low As It Still Isn’t “Activated” One of the primary catalysts for this recent surge, according to the analyst, has been the aggressive accumulation of Bitcoin by US-listed exchange-traded funds (ETFs).  On Tuesday of the past week, these ETFs recorded nearly $1 billion in net inflows, marking one of the highest daily totals for the year. In just three trading days, a staggering $1.4 billion has been poured into Bitcoin ETFs, indicating a strong institutional appetite for the cryptocurrency during a period of market uncertainty. Adding to the bullish narrative, Bitcoin’s liquid supply is dwindling at an alarming rate. Recent days have seen a significant decline in exchange reserves, as large buyers withdraw coins from centralized platforms to store them in cold wallets.  Reports from OTC desks indicate thin supply levels, suggesting that major accumulation is taking place behind the scenes. Even established financial giants like Fidelity have issued warnings about an impending Bitcoin supply shock, further fueling investor interest. $100,000 Target Within Reach? Doctor Profit also highlighted a notable development not only for BTC, but for the broader digital asset industry as Binance recently disclosed that it has received inquiries from multiple governments worldwide regarding strategic reserves of Bitcoin.  This signals a growing recognition among sovereign entities of Bitcoin’s potential role as a strategic asset, akin to gold. As countries contemplate their own Bitcoin reserves, questions arise about the availability of Bitcoin in the market and the implications of a supply shock. Related Reading: BNB Bulls Target $644 As Classic Chart Formation Emerges Looking ahead, the analyst remains optimistic about Bitcoin’s trajectory. Following its recent momentum and the breakout above the Hammer Line, the $100,000 target appears increasingly achievable.  Doctor Profit maintains that there is no change to his previous assessment and anticipates that the Federal Open Market Committee (FOMC) meeting this week will further influence market dynamics. He continues to express confidence that Bitcoin could not only reach $100,000 but also establish a new all-time high in the coming weeks. Featured image from DALL-E, chart from TradingView.com 

In a recent filing with the US Securities and Exchange Commission (SEC), Strategy (formerly Microstrategy), disclosed the purchase of an additional 6,556 Bitcoin (BTC) at an average price of $95,167 per coin between April 28 and May 4.  This latest acquisition brings the company’s total Bitcoin holdings to 555,450 BTC, valued at approximately $38.08 billion, with an average purchase price of $68,550 per BTC. Strategy Announces New $21 Billion ATM Offering The acquisition was financed through a strategic combination of common and preferred stock sales. Specifically, Strategy raised $128.5 million through its common stock at-the-market (ATM) program and an additional $51.8 million from the sale of STRK preferred shares. Notably, this latest transaction exhausts the company’s previous $21 billion ATM offering that was initiated last year. Related Reading: BNB Bulls Target $644 As Classic Chart Formation Emerges Michael Saylor, co-founder of Strategy and a well-known advocate for BTC, also shared on social media that the company has achieved a year-to-date Bitcoin yield of 14.0% as of May 4, 2025. He emphasized that the firm currently holds 555,450 BTC, acquired for approximately $38.08 billion. In a bid to further bolster its BTC accumulation strategy, Strategy announced last week plans to double its capital raising capacity. This includes introducing a new $21 billion ATM offering and expanding its debt purchase program to $42 billion.  These initiatives indicate the company’s commitment to enhancing its BTC-heavy balance sheet, even in light of recent financial challenges, including five consecutive quarterly net losses. Institutional Demand For Bitcoin Surges During its latest earnings call, Strategy unveiled the “42/42 Plan,” a roadmap aimed at raising $84 billion in capital over the next two years. The plan involves splitting the funding equally between equity and fixed-income instruments, all earmarked for future BTC acquisitions. Despite reporting ongoing losses, investor sentiment remains optimistic. Strategy continues to be the largest corporate holder of BTC, with its holdings representing nearly 3% of Bitcoin’s maximum supply. At current market prices around $94,000, the company’s bitcoin assets are valued at over $52 billion. Related Reading: Analyst Says $2 XRP Price Is Low As It Still Isn’t “Activated” This recent purchase comes amid a backdrop of strong institutional demand for BTC, particularly through regulated investment vehicles. Notably, BlackRock’s iShares Bitcoin Trust ETF (IBIT) has experienced significant inflows in the past two weeks, reflecting growing interest from institutional investors. However, despite the positive outlook on its BTC strategy, Strategy’s shares were down 2.7% in pre-market trading on Monday, following a gain of over 3% last Thursday.  Bitcoin, on the other hand, is trading at $94,596, a slight decrease of 0.2% in the 24-hour time frame, and gains of up to 13% in the monthly period for the market’s largest cryptocurrency. Featured image from DALL-E, chart from TradingView.com 

The Bitcoin price faced a rejection following its surge to $97,000 last week. Technical expert Tony Severino has commented on this development and alluded to the LMACD indicator, which has revealed what is next for the flagship crypto.  What Is Next For The Bitcoin Price After Rejection At $97,000 In an X post, Tony Severino stated that multiple BTC timeframe analyses using the LMACD indicator suggest that the Bitcoin price is in a precarious position. He remarked that if the daily momentum crosses bearish, it could prevent the weekly bullish crossover and pull the weekly LMACD below zero. This would cross the monthly LMACD back bearish.  Related Reading: Bitcoin Raging Bull Indicator Turns Back On, But This Level Holds The Key With several important timeframes in sync, Severino warned that market participants could see a more aggressive down move for the Bitcoin price. On the other hand, the technical expert noted that the daily LMACD diverging upward could cross the weekly bullish and avoid another monthly crossover, which could be bullish.  However, he suggested that a Bitcoin price decline is more likely at the moment, as the monthly LMACD is the most dominant of the three signals, which looks to hint at a downtrend. He added that this indicator also has the strength to pull the other timeframes with it. Severino failed to mention how low BTC could drop on this projected price decline.  Meanwhile, crypto analyst Ali Martinez also warned about a potential Bitcoin price decline. In an X post, he stated that BTC could soon pull back as the TD Sequential indicator is flashing a sell signal. The analyst warned that if Bitcoin loses the $94,765 support level, it could drop to as low as $90,000 or even $86,000.  How History Could Repeat Itself For BTC Crypto analyst Rekt Capital raised the possibility of the Bitcoin price repeating a similar move from last year. For history to repeat itself, he noted that BTC would need to reject from $99,000, hold above $93,500, break the $97,000 to $99,000 range, reject from $104,500, hold the $97,000 to $99,000 range as support, and then break out to new all-time highs (ATHs).  Related Reading: Bitcoin Price Confirms Breakout To $106,000 As Technicals Align Commenting on the current price action, crypto analyst Titan of Crypto noted that the Bitcoin price is pulling back to a key support confluence. He added that a strong reaction from this current zone would confirm that the upward trend remains intact. His accompanying chart showed that the $95,423 price level is the area to watch. Failure to reclaim this level soon enough could start a downtrend for the flagship crypto.  At the time of writing, the Bitcoin price is trading at around $94,700, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

According to a recent post on X by Shaco AI, Bitcoin (BTC) is showing a bit of “stage fright” as it hovers just below key short-term moving averages, signaling a potential loss of momentum. At the time of writing, BTC is trading at $94,383, beneath both the 25-hour Simple Moving Average (SMA) at $95,192 and the 50-hour SMA at $95,675. This positioning reflects a cautious stance among traders, with bulls unable to reclaim control and bears subtly tightening their grip. The dip below these moving averages paints a short-term bearish picture, as Shaco AI described it, “Mama Bear pulling Baby Bitcoin down.” This metaphor highlights the building pressure on Bitcoin as it attempts to break free from its current consolidation range. Without a convincing move above these SMAs, the market may remain hesitant, with the risk of further downside looming unless stronger bullish momentum emerges soon. RSI And MACD Paint A Cautious Picture In his effort to further support his analysis, Shaco AI pointed to momentum indicators that are beginning to flash cautionary signals. One of the key indicators, the Relative Strength Index (RSI), is currently resting at a rather subdued 38.78.  Related Reading: Analyst Identifies When Bitcoin Price Will Reach Cycle Top — Here’s The Timeline This level typically suggests that an asset may be nearing oversold territory, hinting that Bitcoin could be undervalued at the moment. However, instead of signaling a confident bounce, the RSI appears more hesitant, as if BTC is simply feeling “shy” at this bearish gathering, uncertain whether to retreat further or gather the courage to rebound.   Adding to the uncertainty, Shaco AI drew attention to the Moving Average Convergence Divergence (MACD), which currently stands at -432.37. While this negative reading implies that bearish momentum is present, the MACD’s behavior hasn’t been decisive. It’s more of a quiet murmur than a clear call, “whispering secrets,” as Shaco AI aptly described it, about a potential shift in trend.  He also noted an interesting detail for the crowd: trading volume has been notably muted. With current volume at 527.17304, falling short of the average 593.655497, it’s as if the market is tiptoeing, trying not to disturb the calm. This subdued activity suggests that traders may be sitting on their hands, waiting for a clearer signal before making any bold moves. Structural Levels For Bitcoin To Watch Analyzing Bitcoin’s current structural setup, Shaco noted that key support lies at $93,514.1, a potential safety net if bearish momentum intensifies. On the upside, resistance is firmly positioned around $96,593, acting as a critical barrier should BTC attempt an unexpected upward breakout. Related Reading: CMT-Verified Analyst Reveals When To Buy Bitcoin As Heikin Ashi Candle Turns Bearish In conclusion, Shaco AI advised traders to stay alert as Bitcoin teeters at a critical juncture. Whether it continues to drift downward or stages a bold rebound from its support levels remains to be seen. Investors should keep a close eye on momentum shifts and volume spikes for early clues on its next act. Featured image from Unsplash, chart from Tradingview.com

The price of Bitcoin has started the month of May with a similar bullish impetus as in the final weeks of April, making a push for the psychologically relevant $100,000 level. With the premier cryptocurrency seemingly back on the bullish track, a prominent crypto analyst has emerged with a warning of sorts for BTC investors extremely optimistic about the coin’s future trajectory. BTC Price Could Continue Upward Movement If Support Holds In a May 2 post on the X platform, crypto platform Burak Kesmeci has put forward an interesting outlook on the current Bitcoin setup, identifying a price level that may be critical to the coin’s long-term health. The online pundit dove into BTC’s price structure and its potential future movements based on the Pi Cycle Top indicator. Related Reading: Bitcoin Is Warming Up: Analyst Maps 3 Scenarios That Could Trigger the Next Big Rally The Pi Cycle Top indicator is a forecasting tool that uses two major moving averages (a short-term 111-day moving average and the 350-day moving average) to pinpoint the peaks of Bitcoin bull cycles. Historically, a crossover of the short-term MA above the long-term MA signals a potential price top in the Bitcoin market. As it stands, these two Pi Cycle moving averages are moving in opposite directions, suggesting that the price of Bitcoin might still have some room for upward growth in this cycle. At the same time, the 111-day moving average can act as a support level, often signaling buying opportunities for investors looking to enter the market or double down.  As observed in the chart below, the price of Bitcoin tends to bounce back whenever it hits the short-term moving average. According to Kesmeci, this 111-day moving average is hovering around the $91,200 level, which represents the most crucial support zone as the Bitcoin price approaches a close on the weekly timeframe. The on-chain analyst expects the flagship cryptocurrency to continue its current upward price run if it manages multiple weekly closes above the short-term moving average. Bitcoin Price Overview As of this writing, the price of BTC stands at around $96,685, reflecting a mere 0.2% increase in the past 24 hours. While the premier cryptocurrency has not replicated its previous week’s red-hot form this week, it did make a strong start to the new month. Related Reading: Dogecoin Whales Buy 100 Million DOGE In 24 Hours – Demand Signals Growing Confidence The market leader continued its good May form by starting the weekend on a positive note, traveling as high as $97,800 on Friday, May 2. According to data from CoinGecko, the Bitcoin price is up by more than 2% in the last seven days. Featured image from iStock, chart from TradingView

After two weeks of strong action, the Bitcoin price seems to be back on the right track, and the bull run — which once looked done and dusted — appears to be roaring back to life. This previously improbable recovery is now accentuated by the premier cryptocurrency’s likely return to above the important $100,000 level. However, the Bitcoin price appears to have its hands full in its quest for a six-figure valuation in the near future. The latest on-chain data suggests that the market leader’s price is currently wedged within a significant range, which could determine its movement over the next few weeks. ‘Pretty Much Blue Skies Above $100’ For BTC – Analyst In his recent post on the X platform, prominent crypto analyst Checkmate shared an interesting on-chain insight, saying that the Bitcoin price is “working its way” through the $93,000 and $100,000. This on-chain observation is based on the supply distribution heatmap, which shows the concentration of coins acquired at different price ranges. Related Reading: Bitcoin Is Warming Up: Analyst Maps 3 Scenarios That Could Trigger the Next Big Rally The deep red shades on the distribution heatmap represent high volumes of coin activity, indicating that large clusters of investors have their cost bases in this price range. These cost bases clusters act as psychological and technical resistance zones, as investors are likely to sell when prices return to their purchase prices. As shown in the chart above, there is a significant supply barrier for the Bitcoin price in the $93,000 – $100,000 region. This suggests that the premier cryptocurrency faces significant potential selling pressure due to investors looking to break even after being in the red for so long. Interestingly, the distribution heatmap shared by Checkmate shows that beyond the $100,000 threshold, the Bitcoin supply significantly declines. This suggests low historical buying activity (lower coin amounts being held) above this price level, meaning relatively less significant resistance. Ultimately, a breach above the $100,000 mark could be the beginning of a strong upward rally for Bitcoin price, as Checkmate noted that “blue skies” is what lies beyond the psychological price level. However, failure to break out of the $93,000 – $100,000 region could result in another extended consolidation period. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $96,680, reflecting no significant movement in the past 24 hours. According to CoinGecko data, the flagship cryptocurrency is up by more than 2% on the weekly timeframe. Related Reading: Ethereum ‘Running Out Of Time’? Analyst Says New ATH May Not Come This Cycle Featured image from iStock, chart from TradingView

As Bitcoin (BTC) attempts to break out from its weekly range, its price eyes the crucial $99,000-$100,000 resistance barrier, fueling bullish sentiment among investors. Multiple analysts forecast that the flagship’s crypto next all-time high (ATH) rally is around the corner, with some suggesting that the initial jump could come in the coming days. Related Reading: Ethereum ‘Running Out Of Time’? Analyst Says New ATH May Not Come This Cycle Bitcoin To $100,000 This Weekend? Over the past two weeks, Bitcoin has recovered from its sub-$80,000 correction, breaking above the $90,000 mark and reclaiming the $93,5000 resistance to re-enter its post-US elections price range. Amid its recovery, the cryptocurrency consolidated between the $93,000-$96,000 range, moving sideways for the last weeks. The start-of-month pump has seen BTC break out of this range after being compressed during this period, resembling its performance from two weeks ago. Analyst Daan Crypto Trades explained that BTC surged to the $83,000-$86,000 region during the mid-April recovery, consolidating for over a week before a small 2% breakout toward the $87,500 resistance. This was followed by a two-day “tight chop” and a breakout to a new higher range. He suggested that Bitcoin displays “a similar setup as the week before” as it has ranged and compressed within the $93,000-$96,000 zone and jumped around 2% to the $97,700 mark. Additionally, the largest crypto by market capitalization’s “tight chop” phase could have started as its price has hovered between $97,050 and $97,700 for the past few hours. If BTC replicates its recent performance, the flagship crypto could rally around 8% toward a new range at the end of the weekend and retest $99,000-$100,000 in the coming days. BTC Resembles Q4 2024 Price Action Meanwhile, analyst Rekt Capital suggested that Bitcoin could repeat its Q4 2024 performance. He highlighted that BTC has recovered from its downside deviation to reclaim its recent re-accumulation range, but it’s facing a lower high resistance within this zone. Notably, the cryptocurrency experienced the same situation in the post-halving re-accumulation range, initially rejected from the lower high to fall to the range’s lows. Weeks later, Bitcoin broke above the lower high resistance, restesting it as support before breaking out and soaring to a new ATH. The analyst noted that the idea was first explored before the US election pump, suggesting that BTC could mimic its Q1 2024 rally, fueled by the US spot Bitcoin Exchange-Traded Funds (ETFs). “It would be poetry if Bitcoin repeated history and followed through on the same path in this current Range as well,” he stated. However, Rekt Capital detailed that for history to repeat, Bitcoin must get rejected at $99,000, hold the $93,500 mark as support, and break the $97,000-$99,000 range before being rejected at the $104,500 resistance. Related Reading: Crypto Graveyard: 50% Of Tokens Have Failed In the Past 5 years – Report Then the flagship crypto would need to hold the $97,000-$99,000 range as support for a similar breakout to new ATHs. The analyst concluded that if Bitcoin continues holding the $93,500 mark, the price will be positioned to move across its re-accumulation range. Nonetheless, BTC must break its “black Lower High resistance within this Range, which is positioned at ~$99k this week.” As of this writing, Bitcoin trades at $97,461, a 3% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

The Bitcoin price has just printed a major bullish signal, officially confirming a strong local bottom and sparking renewed sentiment among analysts. This bullish shift comes after April closed in the green, reclaiming technical levels and signaling the potential for a significant move toward the six-figure price territory. Market expert Titan Of Crypto has announced on X (formerly Twitter) that Bitcoin has officially hit a local bottom. The analyst shared a chart showcasing that Bitcoin is flashing one of the strongest bullish signals. Bitcoin Price Establishes Solid Local Bottom  According to the Ichimoku Cloud analysis, BTC’s price has closed firmly above the Tenkan (red line), Kijun (blue line), and Kimo cloud. All of these Ichimoku lines are sloping upwards, reinforcing that Bitcoin’s momentum and trend structure are aligned. Related Reading: Bitcoin Raging Bull Indicator Turns Back On, But This Level Holds The Key  A close above the Tenkan signals short-term bullish momentum, while the Kijun confirms strength in a medium-trend. The thick Kimo cloud represents the most bullish configuration, indicating clear trend dominance. Furthermore, when Bitcoin closes above all Ichimoku lines, it establishes a dynamic support or resistance zone, validating the overall bullish structure.  Adding more weight to this bullish signal, Titan of Crypto revealed that Bitcoin has reclaimed the April high, a key resistance level of around $95,173, which is now acting as a support area. The rectangular zone highlighted as “the local bottom” on the chart reflects price action between February and April 2025, where BTC formed a higher low above the Kijun. The bullish April monthly candle close above this zone officially establishes this region as a strong foundational support, which validates the possibility of a local bottom from a technical standpoint.  With the local bottom confirmed and momentum on its side, Bitcoin could be headed to the next likely resistance area, marked on the chart as the “Next Point of Interest.” This area sits above the $110,000 region, near $115,000.  For this bullish scenario to play out, BTC must maintain its position above the April high and the Kijun as dynamic support. Bulls will need to defend any retracements toward these zones to preserve momentum. Failure to do so could lead to a deeper correction, effectively invalidating the bullish outlook.  BTC Price Action Looks Strong In a more recent X post, Titan of Crypto announced that Bitcoin is breaking out of a tight range and its price action looks strong. He shared an Ichimoku Cloud analysis of the cryptocurrency, showing a potential bullish breakout setup on the 1-day timeframe.  Related Reading: Bitcoin Price Flashes Golden Cross That Only Happens Once Every Cycle, What To Expect Looking at the price chart, Bitcoin has been consolidating between $92,880 and $95,800 over the past several days, but momentum appears to be building for a potential breakout. A confirmed close above $95,800 would validate the breakout and open the door for a bullish continuation, with the price target set near $99,000. Featured image from Unsplash, chart from Tradingview.com

Bitcoin’s price action has broken above $96,000 in the past 24 hours, strengthening the case for a sustained move into six-figure territory. This recent price action is particularly significant as it marks a clean breakout above a key on-chain resistance zone stretching from $93,000 to $95,000, which many analysts believe could determine whether Bitcoin’s next leg takes it into six-figure territory.  Supporting this momentum is a long-term technical outlook by renowned trader Peter Brandt, who projected that Bitcoin remains on course to set new all-time highs, with a potential price peak exceeding $150,000 on his projected timeline. Peter Brandt Maps Timeline For $150,000 Bitcoin Top With Parabolic Structure Veteran trader Peter Brandt shared a weekly candlestick Bitcoin price chart on social media, highlighting a path toward $150,000 by late summer 2025. According to Brandt’s post on social media platform X, Bitcoin is currently trading below a parabolic trendline that is key to the final leg of the current bull cycle. Interestingly, this parabolic trendline has served as an upper resistance for Bitcoin’s price peaks and all-time highs since 2021.  Related Reading: Bitcoin Price Prediction: The Last Leg-Up That Confirms A Resounding Rally To $150,000 Brandt’s chart captures a variety of classical technical formations, including multiple head and shoulders patterns, expanding triangles, and consolidation wedges. The breakout from the recent wedge pattern serves as his basis for suggesting that the bull market is structurally intact. According to his projection, the parabolic slope that Bitcoin needs to overcome currently sits around the $120,000 mark. A decisive breakout above this threshold would set the stage for a run-up to a cycle top. Brand noted that this cycle top would be between $125,000 and $150,000, and the timeline is by August or September 2025. On-Chain Indicators Reveal Pressure Points Around $93,000 To $95,000 On-chain data from on-chain analytics firm Glassnode shows that Bitcoin is currently testing the convergence of two critical resistance points: the 111-day simple moving average, which now sits at $91,300, and the short-term holder cost basis, which sits at $93,200.  Related Reading: Bitcoin Price: Analyst Peter Brandt Says BTC Still Bearish Unless This Happens Notably, Bitcoin’s price structure has confirmed a higher high relative to a high of $94,000 in early May, effectively breaking the downtrend from early April. This suggests that the market may be shifting into a more aggressive accumulation phase. However, this region also represents a significant cluster of previously bought coins, meaning investors underwater during earlier pullbacks now find themselves near break-even. This could cause increased sell-side pressure if some traders take profit or exit at breakeven. Meanwhile, long-term holders continue to exhibit strong HOLDling behavior, with realized profits exceeding 350% for many. In fact, over 254,000 BTC have crossed the 155-day threshold since Bitcoin’s recent local bottom, indicating that a significant portion of the supply is maturing into long-term holdings. Many of these coins were acquired at prices above $95,000.  Although current momentum clearly favours the bulls, the $93,000 to $95,000 range is a major battleground that could define Bitcoin’s trajectory in the months ahead of reaching Peter Brandt’s target of $150,000. At the time of writing, Bitcoin is trading at $96,635. Featured image from Pexels, chart from Tradingview.com

The market’s largest cryptocurrency, Bitcoin (BTC), is once again nearing the $100,000 milestone, following a significant rally that has seen the cryptocurrency reach its highest price since late February.  After experiencing downward pressure attributed to Donald Trump’s tariff policies, which triggered a sell-off across both the stock and digital asset markets, Bitcoin’s resurgence showcases a renewed bullish appetite among investors. Bitcoin Rebounds With $3.2 Billion In ETF Inflows To close the first quarter of the year, Bitcoin faced a steep decline, dropping as much as 30% toward $74,000 after hitting a record high of approximately $109,000 on January 20, coinciding with Trump’s second inauguration as President of the United States.  However, the market has seen Bitcoin climb as much as 3.1% to reach a weekly high of $97,483, marking the highest level since February 21. The last time Bitcoin crossed the $100,000 threshold was on February 7.  Related Reading: Dogecoin Could Hit $1.42 This Cycle In Bull Case, Says 21Shares This upward movement comes amid a shift in market dynamics, particularly in the spot markets, where demand has increased. This suggests a transition towards momentum trading, rather than the previous trend driven primarily by macroeconomic factors such as inflation and tariffs. Exchange-traded funds (ETFs) tracking Bitcoin and Ethereum (ETH) have attracted significant inflows, with over $3.2 billion entering the market last week alone. Notably, BlackRock’s Bitcoin Trust ETF (IBIT) recorded nearly $1.5 billion in inflows, marking its highest weekly intake for the year, according to data from Bloomberg. ETH Eyes Recovery Toward $2,000 Demand for upside options has also surged in the market, with call options at the $100,000 strike price exhibiting the most open interest across various expiration dates, according to Coinglass and data from the largest crypto options exchange, Deribit. “Market sentiment has broadly shifted in favor of momentum-based trades fueled by spot demand, as BTC breaches levels not seen since early February,” stated Chris Newhouse, director of research at Ergonia, a decentralized finance (DeFi) trading firm.  “BTC continues to shift between correlations with gold and equities, highlighting a more nuanced relationship with macroeconomic factors balanced by short-term momentum and spot demand,” Newhouse further told Bloomberg. Related Reading: XRP Price Macro Channel Breakout That Puts Targets At $17-$55 Ethereum, on the other hand, has shown a steady recovery over the past week, reinforcing its status as a key player in the decentralized finance sector and smart contract platforms, and regaining the foothold lost in the first quarter of the year. Improvements from Ethereum’s scalability upgrades, including the transition to Ethereum 2.0, have boosted performance and made the platform more attractive to developers and users. However, this has not translated into year-to-date gains for the second largest cryptocurrency compared to its peers, with losses of up to 36% over the period. Despite this, the price of ETH has seen a 14% surge in the fourteen day time frame, regaining the $1,800 level as a key support to boost the potential for further recovery towards $2,000. Featured image from DALL-E, chart from TradingView.com

In a explainer video, Joe Burnett, Director of Market Research at the Bitcoin-native financial services firm Unchained, dissects what many retail traders still perceive as a paradox: how Strategy (formerly MicroStrategy) can accumulate “tens of thousands of Bitcoins” without catapulting the spot price into a vertical climb. Burnett’s core argument is that Michael Saylor’s billion-dollar shopping sprees are not the direct injection of fresh demand they appear to be, but rather a sophisticated reallocation of existing exposure within the Bitcoin ecosystem. Why Is Bitcoin Not Skyrocketing? Burnett opens by reminding viewers that Bitcoin’s explosive move “from the $16,000 lows of 2022 to $95,000 today” has historically been accompanied by the awakening of dormant supply. He points to on-chain “hodl wave” data, noting that when price accelerates, “older coins start to move,” a signal that seasoned holders are willing to part with inventory into strength. Those coins, he says, “transfer…to new hands,” a cohort he defines broadly as “Strategy, ETF buyers, institutions, nation-states, and of course, more individuals.” Strategy sits squarely in that cohort, yet Burnett stresses that the software company’s trading style is calibrated to minimize market disturbance. “They use a disciplined, patient strategy, placing thousands or even millions of small buy orders over several days,” he says, quoting Saylor’s own public comments that the firm prefers letting “sellers come to them without bidding against themselves.” The tactic allows long-term, arguably less-price-sensitive holders to exchange coins for cash without triggering runaway order-book imbalances. Related Reading: Bitcoin To Explode To $210,000 This Year, Says Quant Powerhouse Presto The video’s analytical pivot arrives when Burnett introduces what he calls an “additional theory” on why Strategy’s purchases fail to ignite parabolic price action: the funding structure. He unpacks it with a simple but pointed analogy. “If you sell one Bitcoin on Kraken and buy one Bitcoin on Coinbase, what happens to the price? Nothing,” he states. “That’s an economically neutral trade.” According to Burnett, Strategy’s balance-sheet maneuvers replicate that neutrality on a corporate scale. When the firm raises cash by issuing new equity, “someone buys that stock instead of buying Bitcoin,” Burnett explains. Strategy then turns the equity proceeds into spot BTC. “Net effect? A shift in exposure. No net new demand.” The same mechanics, he argues, apply to the company’s convertible-note programs. Hedge funds that subscribe to the notes simultaneously hedge by short-selling MSTR shares, expanding float rather than siphoning dollars from unrelated asset classes. “In both cases… the dollars that flow into Bitcoin are first pulled out of a Bitcoin proxy, MSTR shares,” he says, underscoring the zero-sum nature of the flow. New Demand Is Needed Burnett likens the dynamic to the cash migration that followed the launch of US spot Bitcoin exchange-traded funds in early 2024. Billions poured into products from BlackRock and Fidelity, but “billions also flowed out of GBTC,” he notes, leaving aggregate demand for Bitcoin largely unchanged: “From A to B. Not new demand.” Related Reading: Bitcoin Demand Momentum Yet To Recover From Deep Negative Zone, Analyst Says What, then, would constitute price-moving capital? Burnett’s answer is unequivocal: money that “enters Bitcoin without exiting another Bitcoin proxy.” He cites hypotheticals ranging from Apple’s treasury to sovereign wealth funds, or individuals reallocating real-estate and bond holdings directly into BTC. Against that benchmark, Strategy’s transactions look more like intra-system plumbing than fresh inflows. None of this, Burnett emphasizes, should be read as criticism of Saylor. He calls the Strategy chairman “a world-class Bitcoin educator” whose accumulation strategy is “brilliant.” Yet the market impact, Burnett cautions, “is more nuanced than [it may] appear.” In fact, he suggests that the upcoming Saylor-branded STRF funds—which target fixed-income investors rather than equity buyers—could deliver the genuine outside capital that finally “sends the price of Bitcoin parabolic.” Until such exogenous demand materializes, the Bitcoin market is likely to keep absorbing Strategy’s billion-dollar bids with surprising calm. In Burnett’s words, “Saylor can buy a lot of Bitcoin without moving the price much because he’s buying from long-term wealthy holders and doing so in a way that minimizes short-term price impact.” For traders who expected fireworks each time the software company files a new 8-K, that explanation may prove as sobering as it is illuminating. At press time, BTC traded at $94,971. Featured image created with DALL.E, chart from TradingView.com

The Bitcoin price seems to have hit an important make it or break it point that will determine the next course of action. While sellers seem to be running out, there is still enough pressure to keep the bulls at bay. This continuous beating down of the Bitcoin price, as well as its failure to make a notable break above resistance at $95,800 in the last few days, suggests there is more to be done. So, what happens when Bitcoin does make a definite breakout? Bitcoin Price Could Sweep Liquidity At $93,000 With the Bitcoin price being beaten down, there is the possibility that the cryptocurrency could fall a bit further before resuming its uptrend. This was explained by crypto analyst TehThomas on a TradingView post, mapping out the possible directions of Bitcoin, with both hinging on two major levels. Related Reading: XRP Mega Candle On The Horizon? Analyst Reiterates $27 Target The first of the major levels mentioned was the resistance at $95,400-$95,800 that has been holding back the Bitcoin price from its campaign for $100,000. The analyst explains that this has become an important level to beat, given the fact that it has rejected the price multiple times already. As a result, there has been the formation of a range just underneath this resistance level as bulls seem to be backing down. However, regardless of the loss in momentum, the crypto analyst explains that the broader trend structure is still the same. This means that the Bitcoin price is still bullish, especially with a higher timeframe ascending trend line and the formation of higher lows recently. The one roadblock faced by the Bitcoin price from here is the possibility of it falling to do a liquidity sweep at the $93,000-$93,800 levels. A successful sweep and a rebound from here would see adequate absorption of liquidity, which would be used to fuel a higher price rise. Thomas explains that “This zone is confluenced by the ascending trendline from previous swing lows, offering a clear area for a liquidity sweep.” Bullish Or Bearish Scenario Next? In terms of where the Bitcoin price is headed next, it comes down to the liquidity sweep and if resistance is broken. As Thomas explains, a drop to the $93,000-$93,800 level for liquidity is most likely at this point to sweep out late longs and introduce fresh liquidity into the market. “A dip into this level that still respects the trendline would maintain bullish structure despite violating the local higher low.” Related Reading: Ethereum Price Completes Structure Break As Buyers Take Control, Why A Surge Above $4,400 Is Possible On the flip side, if the Bitcoin price were to fall lower than $93,000, then the sweep could be unsuccessful. This would lead to a break in the bull structure and likely cause the price to collapse further. “In the worst case scenario possibly invalidating the breakout thesis temporarily.” Featured image from Dall.E, chart from TradingView.com

The North Carolina House has recently approved two significant bills that aim to transform the management of the state’s pension fund, allowing for a modernized investment strategy that includes cryptocurrencies like Bitcoin (BTC).  This legislative move comes in response to a $16 billion deficit in the pension system and a need for improved investment returns compared to other states. NC’s Investment Authority Could Allocate 5% Of Portfolio To Bitcoin House Bill 506 proposes the establishment of a five-member board, the North Carolina Investment Authority, which will oversee the state’s $127 billion investment portfolio. This board will be composed of the State Treasurer, who currently holds final authority over state investments, along with four other appointees.  The appointments will be made by key state leaders, including the Speaker of the House, the Senate President Pro Tem, and the governor. Each appointee must possess substantial expertise in investments and have a minimum of ten years of successful management experience in pensions, endowments, or similar fields. Related Reading: Bitcoin Raging Bull Indicator Turns Back On, But This Level Holds The Key In conjunction with this restructuring, House Bill 92 allows the Investment Authority to allocate up to 5% of the state’s portfolio to cryptocurrency and Bitcoin investments. This provision is designed to limit investments to mutual fund equivalents of cryptocurrencies rather than direct purchases of specific currencies, ensuring a more cautious approach to this volatile market. Supporters of the legislation, including State Treasurer Brad Briner, believe that diversifying investments into cryptocurrencies represents a proactive strategy to enhance the fund’s performance.  Democrats Raise Concerns Over Crypto Risks Briner, a Republican elected in November, has expressed a desire to modernize the investment approach, contrasting with the more conservative strategies employed by his predecessor, Dale Folwell. “We need to spread the allocation around,” said Rep. Keith Kidwell (R-Beaufort), emphasizing the importance of diversification in investment strategies. The bills are seen as a step toward utilizing emerging market opportunities to benefit state employees and retirees. However, the measures have drawn criticism from some Democrats who caution against the inherent risks associated with cryptocurrency investments. Rep. Maria Cervania (D-Wake) expressed her reservations, stating, “I still have a lot of questions about this investment strategy and the level of commitment we’re making to it.”  Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development Concerns about the volatility of cryptocurrencies have prompted calls for a more cautious approach to integrating them into the pension fund. The legislation has sparked varied reactions outside the General Assembly.  Governor Josh Stein has voiced his support for the bills, endorsing the expansion of the Treasurer’s authority over state investments. Conversely, representatives from the State Employees Association of North Carolina have expressed opposition, highlighting potential risks for state workers’ pensions. Following their passage in the House—with House Bill 506 receiving a vote of 110-3 and House Bill 92 passing 71-44—both bills now advance to the Senate for further consideration.  Featured image from DALL-E, chart from TradingView.com

Sebastian Bea, president of Coinbase Asset Management, believes a technical change to the way Washington accounts for its gold could unlock enough budget-neutral capital for a strategic Bitcoin purchase approaching $100 billion—years ahead of market expectations. In a 40-minute appearance on The Scoop with Frank Chaparro released Wednesday, Bea framed the idea as hiding in plain sight. “Sometimes the ideas are so big that people either can’t hear them or don’t want to hear them,” he said at the top of the interview. “But they’ve got to listen to this one.” By statute, the 261.5 million-ounce US gold hoard is still recorded at $42.22 per ounce—a valuation fixed in 1973. At Wednesday’s spot price of roughly $3,303, the gap between book value and market value is almost $900 billion. “So today, because of law, the US government still values gold that it holds in Fort Knox at $42 and change,” Bea noted. “If they were to just mark that to market, that’s an incremental 900 to … I heard a billion to a trillion dollars.” From Mark-To-Market To Bitcoin Bea’s central contention is that Congress could pass a short bill amending 31 U.S.C. § 5117, re-strike higher-denomination gold certificates, and credit the revaluation gain to a sovereign-wealth-style account at Treasury in line with US president Donald Trump’s executive order for a strategic Bitcoin reserve—without adding to headline federal debt. Related Reading: Bitcoin To Explode To $210,000 This Year, Says Quant Powerhouse Presto “When the revaluation occurs, that creates a $900 billion mark-to-market gain, which the Treasury could then take […] in a budget-neutral manner to go and buy a variety of things. We think probably including Bitcoin,” he said. His arithmetic mirrors Senator Cynthia Lummis’ BITCOIN Act, introduced earlier this year, which directs Treasury to acquire one million BTC (around $100 billion at prevailing prices) over five years while remaining deficit neutral. Bea argued that a US purchase of that size—about 5.5% of Bitcoin’s $1.8 trillion market capitalization—would almost certainly prompt other states to respond. “It’s hard to see a situation where other governments don’t feel compelled in some way to measure up,” he said, adding that the dynamic could resemble the “competitive situation” in gold, where central banks bought a record 1,037 tonnes last year. Related Reading: Bitcoin’s Net Taker Volume Turns Positive, New All-Time High Incoming? Central bank demand for gold is motivated by “the overall level of debt that they see and the concerns around the global economy,” Bea said. “So does it seem so crazy to maybe save in some Bitcoin at, say, a ninety-to-ten ratio, given the whole world is going online?” How Soon Is ‘Sooner Than Expected’? Bea would not commit to a precise timetable but told Chaparro that the legal change “could be this year.” He suggested the trigger could come from legislators seeking an offset for new outlays—or from Treasury itself if political momentum builds behind the Lummis bill. “As soon as you understand the pipes of how banks and how the government works,” he concluded, “you realize they can revalue gold and buy Bitcoin and still be budget neutral. And once that’s on the table, it’s really just a matter of political will.” At press time, BTC traded at $93,422. Featured image created with DALL.E, chart from TradingView.com