Bitcoin Breaks Above $97K: Is $150K Possible in 2025?
By: bitcoin ethereum news|2025/05/02 17:15:01
0
Share
Bitcoin tops $97,000 following a bullish flag breakout, as ETFs and firms like Strategy and MetaPlanet race to accumulate more BTC. Could this push Bitcoin to a new all-time high? On May 1, Bitcoin surged by 2.44%, breaking above the $97,000 mark. After hitting a 24-hour high at $97,315, BTC currently trades at $96,637. As the crypto market rebounds, Bitcoin now boasts a market cap of $1.91 trillion. Bullish momentum is accelerating, and growing institutional support and insights from veteran market analysts point toward a potential new all-time high. Bitcoin Price Analysis In the 4-hour chart, BTC exhibits consecutive breakouts from bullish flag patterns. The most recent breakout rally has created a swing high at $97,433. Bitcoin price chartBullish flags are considered trend continuation patterns, often extending ongoing rallies. Hence, the recent breakout run improves the upside potential in BTC prices. The rally is currently consolidating just below the R1 pivot resistance at $97,981, reflecting the bulls’ struggle to surpass the $98,000 threshold. Notably, the breakout has triggered a bullish crossover in the MACD and signal lines. Despite a minor pullback of 0.49% over the past two hours, Bitcoin may be preparing to retest the broken flag pattern before continuing upward. Bitcoin could break past the R1 resistance if momentum continues post-retest, potentially clearing the path toward the $100,000 milestone. Key resistance targets remain at the R2 and R3 pivot levels, near $102,200 and $108,600, respectively. Veteran Market Analyst Targets $150K Peter Brandt, a veteran market trader, has tweeted that Bitcoin could reach an all-time high of $125,000 or $150,000. However, for the bullish trend to continue, the BTC price must overcome the recently broken parabolic support slope of $96,397, as per the chart shared. At present, Bitcoin trades at $96,600, reflecting that the largest crypto has resurfaced above the parabolic slope. Brandt suggests a timeframe for a new all-time high in August-September 2025. Meanwhile, the analyst highlights the possibility of a 50% plus correction in BTC prices post-market cycle top. Metaplanet and Strategy Race to Grab More Bitcoin Amid the market optimism, institutional interest in Bitcoin continues to surge, resembling a modern-day land grab. Tokyo-based investment firm MetaPlanet recently announced the issuance of ¥3.6 billion in 0% ordinary bonds, intended to fund further Bitcoin purchases. These bonds are redeemable at face value upon maturity on October 31, 2025. *Metaplanet Issues 3.6 Billion JPY in 0% Ordinary Bonds to Purchase Additional $BTC * pic.twitter.com/e3UIEP7csr — Metaplanet Inc. (@Metaplanet_JP) May 2, 2025 Meanwhile, U.S.-based Strategy, formerly known as MicroStrategy, has released its Q1 2025 earnings, alongside a new stock offering. As of April 28, the company holds 553,555 BTC. With an average acquisition price of $68,459, Strategy’s total Bitcoin investment amounts to approximately $37.9 billion. The current market value of its holdings exceeds $52 billion. Furthermore, Strategy has raised its 2025 “BTC Yield” target from 15% to 25%, increasing its projected “BTC $ Gain” from $10 billion to $15 billion. Despite reporting a Q1 2025 loss of $4.21 billion, the company announced a $21 billion stock offering to purchase additional Bitcoin. Bitcoin ETFs Mark Second Consecutive Month of Positive Net Inflows Meanwhile, U.S.-listed spot Bitcoin ETFs saw $2.97 billion in net inflows during April 2025, following a $767.91 million outflow in March and a $3.56 billion inflow in February. Since inception, spot BTC ETFs have recorded only four months of net outflows, reflecting overall bullish investor sentiment. The total net assets held by spot ETFs now stand at $111.99 billion, representing 5.85% of Bitcoin’s total market cap. On May 1, 2025, spot Bitcoin ETFs recorded a daily inflow of $422.45 million. Conclusion Bitcoin’s breakout above $97K signals strong bullish momentum. The rally is gaining traction with growing institutional investment and rising ETF inflows. With price targets as high as $150K by late 2025, the long-term outlook remains optimistic, despite the possibility of short-term corrections. Source: https://thecryptobasic.com/2025/05/02/bitcoin-breaks-above-97k-is-150k-possible-in-2025/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-breaks-above-97k-is-150k-possible-in-2025
You may also like
Controversy Surrounding Huawei's Prodigy Li Bojie and His DeepSeek Interview Experience Amid Web3 Investor Backlash
SemiAnalysis: Anthropic's Q3 Profit Expected to Exceed $1 Billion
Anthropic is quietly disrupting the AI commercial landscape. With the explosive popularity of Claude Code, its ARR has surged from $9 billion to over $60 billion in a single quarter, with API business gross margins exceeding 80% and net revenue retention rates reaching 500%. Research firm SemiAnalys...
From 'Never Sell Bitcoin' to Active Management: How is Strategy Coping with $1.26 Billion Annual Dividend Pressure?
Leverage Products Trigger Major Changes in Stock Market: How Did the South Korean Market Become a 'Casino'?
Bernstein Analysis: Memory Prices Are Still Rising, But Phones and PCs Can't Keep Up
Satoshi Bitcoin lawsuit drops 44 wallets after on-chain activity
Upcoming Auction of Token FOLD: What is The Interfold Supported by Vitalik?
The Demystification of AI Collaboration Tools: Is Organizing Reports and Checking Spreadsheets the Most Common Scenario?
Goldman Sachs Trading Desk: The Sell-off of Momentum Stocks in the U.S. is Fierce, Unseen Since 2020! But No 'Panic' Yet, Retail Investors are the Biggest Support
Collateral USD: How does the "second layer dollar" above stablecoins form?
Under the reference framework of the offshore dollar system, once stablecoins are incorporated into the collateral financing chain, it may give rise to a new type of dollar debt based on them—“collateralized dollars.” Whether this layer of debt can be established and whether it is stable depends on ...
How has the Pacific "fever" turned extreme weather into a cash machine for Wall Street?
The extreme weather caused by El Niño is sweeping through the commodity markets, becoming not only a "weather code" for quantitative funds and traders to frantically profit from, but also quietly driving up global food prices and the cost of living for ordinary people.
Trade Spot Market Orders With More Control: WEEX Adds Slippage Tolerance
WEEX Spot now supports Slippage tolerance for market orders, helping users set a maximum acceptable price deviation before placing a market buy or sell order
Morning Report | One week after the full implementation of the EU MiCA, 21 stablecoin issuers and over 270 crypto service providers have obtained regulatory qualifications; Microsoft lays off 4,800 employees, with Xbox accounting for about 3,200 of the...
July 7 Market Important Events Overview
Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...
July 6 Market Important Events Overview
How has Binance's stock business performed in the 30 days since its launch?
Emerging market buying supported the first wave of demand.
Blockchain Capital Partner: AI is rewriting the fundamental unit of labor
The rise of AI is rewriting the basic unit of labor from "positions" and "companies" to "tasks." When programmable labor meets programmable currency, a production line without companies, salary systems, or HR becomes possible for the first time.
Can Open USD support Stripe's ambitions?
Stripe collaborates with multiple parties to launch OUSD, not only challenging the dominance of USDC but also exposing its trillion-dollar ambition to transition from a "payment interface" to a "next-generation funds settlement network."
Founder of Baixing.com: I believe half of the statement that large language models devour everything
The internet has been shouting for so many years about devouring everything. Has it really devoured everything now? Is it the internet that devours everything, or is it the large models that devour everything? Both are devouring, and nothing is left?
Controversy Surrounding Huawei's Prodigy Li Bojie and His DeepSeek Interview Experience Amid Web3 Investor Backlash
SemiAnalysis: Anthropic's Q3 Profit Expected to Exceed $1 Billion
Anthropic is quietly disrupting the AI commercial landscape. With the explosive popularity of Claude Code, its ARR has surged from $9 billion to over $60 billion in a single quarter, with API business gross margins exceeding 80% and net revenue retention rates reaching 500%. Research firm SemiAnalys...
From 'Never Sell Bitcoin' to Active Management: How is Strategy Coping with $1.26 Billion Annual Dividend Pressure?
Leverage Products Trigger Major Changes in Stock Market: How Did the South Korean Market Become a 'Casino'?
Bernstein Analysis: Memory Prices Are Still Rising, But Phones and PCs Can't Keep Up
Satoshi Bitcoin lawsuit drops 44 wallets after on-chain activity
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com

