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

By: bitcoin ethereum news|2025/05/03 01:15:01
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

In the name of charity, for the benefit of the family: How the Trump family turned charity into profit?

This set of "beautiful rhetoric and value return to one's own people" has not stopped at charitable foundations; it has now almost been transferred intact to American Bitcoin.

Will Gold Break $4,500 After Tonight's Fed Decision? What XAUT and PAXG Traders Need to Know

The Federal Reserve announces its June rate decision tonight. Could gold break $4,500 next? Explore the latest gold price prediction, key Fed scenarios, and what they mean for XAUT and PAXG traders.

Cursor, why did you get on Musk's spaceship?

SpaceX set a record with its IPO, spending a staggering $60 billion to acquire the popular AI programming unicorn Cursor just four days later. Musk is using the ultimate puzzle of "super computing power + top coding engine" to propel the market value skyrocketing, surpassing Amazon in one fell swoop...

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin

Overview of Important Market Events on June 16

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?

The most important question in the cryptocurrency industry is not which chain is the fastest, but rather where top builders choose to build in the long term. Ethereum has just surpassed one million cumulative developers; what does this number mean?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record

Overview of Important Market Events on June 15

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