Bitcoin is currently priced at $83,300, having dropped 2.7% recently. Since April 9, whales have sold over 29,000 BTC for $2.4 billion, and Semler Scientific plans to issue $500 million in securities to buy more Bitcoin. Additionally, Michael Saylor’s Strategy acquired $285 million in Bitcoin. Technical analyses indicate potential volatility, with key resistance around $87,000.
As of April 16, 2025, Bitcoin is trading at approximately $83,300, reflecting a 2.7% decrease within the last 24 hours. Notable whale activity has been observed, with large traders selling over 29,000 BTC, valued at more than $2.4 billion since April 9, coinciding with a 7.5% weekly price surge.
In a strategic financial move, Semler Scientific has filed with the SEC to issue $500 million in securities, partially aimed at increasing Bitcoin acquisitions. Additionally, the firm plans to secure a loan from Coinbase using its 3,192 BTC as collateral, alongside a proposed $29.75 million settlement related to marketing violations.
Michael Saylor’s strategy firm has also made headlines by acquiring an additional $285 million in Bitcoin. This acquisition follows their substantial gains of $6 billion from their Bitcoin investments in Q1 2025, indicating a robust long-term outlook on the cryptocurrency.
Technical analysis indicates fluctuating volatility in Bitcoin’s price actions. The Bollinger Bands suggest widening ranges, which may indicate a potential price shift. A decisive close above $87,100 could indicate bullish momentum; however, falling below $77,900 may signify a potential decline.
Currently, Bitcoin’s RSI shows a value above 49, reflecting market hesitance. Movement over 55 could indicate more definitive upward trends. The MACD indicates a mild bullish crossover, though its flattening histogram suggests that bullish momentum may be weakening. Daily trading volume has decreased by about 9% to $26.8 billion.
Resistance levels between $87,000 and $88,000 persist, with over $600 million in short positions that could be liquidated should Bitcoin near the $86,900 mark. Investors are increasingly optimistic, exemplified by Evan Luthra, who notes dwindling Bitcoin supplies on exchanges, predicting a potential breakthrough ahead.
