Will Bitcoin Price Surge Past $100K After Breaking $96K Barrier?
By: the market periodical|2025/05/03 04:30:02
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Key Insights :Bitcoin (BTC) broke $96K, reaching $96,550 and confirming bullish momentum.MVRV bands showed $114K as the next upside target after clearing $95,870.Based on cycle patterns, analysts see BTC hitting $150K–$200K by Q4 2025.Bitcoin price finally broke above the critical $96,000 resistance level on Wednesday. It closed at $96,550.15 after days of consolidation.The recent breakout has fueled optimism in the market. Experts predict BTC could surpass $100,000 and reach even higher levels.On-chain metrics, historical cycles, and regular trends from institutional adoption combined support bullish momentum. Analysts say the Bitcoin price might reach between $114,000 and $200,000 by late 2025.Bitcoin Price Broke $96K as Bulls Regain ControlBTC faced rejection at $95,500 for three consecutive sessions. However, it rebounded with a 2.78% daily gain, reaching $96,550.15. This breakout invalidated the near-term resistance band and marked the asset’s highest level since the previous all-time highs.Bitcoin has moved above its Keltner Channel upper boundary, signaling strong momentum. Price targets have shifted upward, ranging from $98,000 to $100,000. BTC remains overbought based on the current Relative Strength Index value that exceeds 88.The 76.60 RSI moving average helps traders confirm the rally’s strength. Steady trading volume without speculative spikes further supports the bullish trend.Bitcoin price rising beyond $96,000 will reinforce the ongoing uptrend. This sustained growth could pave the way for further price increases in the coming weeks.MVRV Band Target Flags Bitcoin Price $114,230 as Next Key LevelAnalyst Ali Martinez highlighted that the recent breakout of BTC aligns with the next MVRV Pricing Band level. According to his analysis, the next significant deviation band is $114,230. This could act as the next profit-taking zone if momentum continues.Source: Ali Martinez, XThe MVRV bands offered insights into cyclical price extremes by measuring how far market value has diverged from realized value.Major market peaks and price rallies have witnessed Bitcoin price touching these particular bands. Achieving past the critical $95,870 mark enabled BTC to face potential resistance at the $114K zone.Historical Cycles Signal Blow-Off Top by Q4 2025Long-term Bitcoin market cycles also support the bullish case. Analyst Cas Abbé shared a multi-cycle chart showing that Bitcoin typically peaks 1,065 days after hitting its bear market bottom. Using this pattern, he forecasts a blow-off top in Q4 2025.Source: Cas Abbé, XAccording to Abbé, if the current structure holds, Bitcoin price will almost certainly exceed $150,000 in its next euphoric phase. In the event of heightened retail demand and institutional buying, he believes the BTC could reach between $180,000 and $200,000.His projections are based on previous parabolic runs in 2013 and 2017, where sharp vertical rallies followed long accumulation phases. The current cycle closely tracks those historical precedents, adding weight to the possibility of a final surge over the next 18 months.BlackRock’s Blockchain Fund Adds Institutional TailwindBlackRock has officially filed with the SEC to tokenize its $150 Billion Institutional U.S. Treasury Money Market Fund. This move aims to integrate blockchain technology into traditional finance, enhancing transparency and efficiency in fund operations.The firm’s new “DLT Shares” initiative aims to introduce blockchain-based recordkeeping for real-time ownership tracking.Source: xThe introduction of DLT Shares demonstrates institutions’ adoption of blockchain infrastructure despite not directly handling cryptocurrencies.The fund selected BNY Mellon to provide infrastructure services, demonstrating how traditional financial institutions embrace blockchain technology.DLT Shares demonstrate blockchain’s role as a valuable economic tool in modern markets. This innovation fuels bullish momentum for Bitcoin and the broader crypto sector.Bitcoin Price Eyes $100K as Technicals and Sentiment AlignWith the $96,000 resistance level cleared, Bitcoin price appeared poised to test $100,000 in the near term. The positive indicators from technical analysis and past market cycles indicate future price levels will reach much higher than current values.The MVRV model sets a medium-term target of $114K for Bitcoin. However, Cas Abbé and other analysts foresee BTC surpassing $150K by Q4 2025.The stable trading volume and beneficial macroeconomic factors will push BTC toward the six-figure mark throughout this bull market.DisclaimerIn this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.Ronny MugendiThe post Will Bitcoin Price Surge Past $100K After Breaking $96K Barrier? appeared first on The Market Periodical.
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