Bitcoin Breaks Above $97K: Is $150K Possible in 2025?

By: bitcoin ethereum news|2025/05/02 17:15:01
0
Share
copy
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

-- Price

--

You may also like

Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down

OUSD was jointly launched by more than 140 giants, causing Circle's stock price to plummet in a single day. Circle's CEO personally wrote a response, clarifying USDC's moat from three aspects: network effects, liquidity, and regulation, and dismantling OUSD's three selling points of "free redemption...

Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog

WEEX exclusive pre-match analysis of Argentina vs Cape Verde, exploring Messi-led Argentina’s dominance and Cape Verde’s historic defensive breakout, with a breakdown of volatility, structure, and match dynamics.

How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?

The competition logic of exchanges has changed.

Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?

A programmer from a big tech company bought hard drives on Pinduoduo and, following clues, managed to accurately capture the sixfold rising stock Seagate using the "finding daily anomalies + 13F institutional verification" framework, making a wild profit of $400,000 and achieving financial freedom.

Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited

As an important milestone event in the stablecoin landscape, OUSD is likely to change the existing stablecoin landscape and significantly increase the adoption rate of stablecoins in the global financial system.

WEEX Launches Depth Chart for Spot Trading

WEEX Spot now supports Depth Chart, helping users visualize buy and sell orders, spot liquidity walls, and understand market depth more clearly before placing trades.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com