Bitcoin Surges Beyond $87,000: $100K Target Appears Inevitable by Q2 2025

Bitcoin’s price has broken past significant barriers, reaching over $87,000, with forecasts suggesting a rise to $100,000 by Q2 2025. Institutional buying, led by MicroStrategy, propels this increase, with market sentiment turning bullish as non-empty wallets approach an all-time high. Analysis indicates potential further growth above $90,000 is achievable if current trends continue.

Bitcoin’s recent surge above $87,000 indicates it has broken through a significant resistance level, signalling a potential departure from bearish trends. If the token continues to maintain upward momentum, it could soon surpass $100,000, potentially approaching a new all-time high (ATH). This price enhancement owes much to increased buying activity, reminiscent of previous patterns where bears were trapped at local lows, suggesting possible further gains ahead.

Institutional engagement has intensified, particularly following MicroStrategy’s early investment in Bitcoin. Demonstrating consistent accumulation since 2021, MicroStrategy now holds over 500,000 BTC, driving similar activity from other institutions, which collectively hold approximately 700,000 BTC. This trend highlights a structured accumulation approach, creating a significant support price beneath which bulls may prevent declines, despite seeming minimal impact on prices in the short term.

Optimism has arisen in the market as Bitcoin demonstrates recovery signs. Non-empty wallets have increased to 54.72 million, nearing their ATH, reflecting positive market sentiment. However, the critical question remains: can Bitcoin breach the $90,000 threshold? Analysis shows the weekly chart is bullish, though the Chaikin Money Flow (CMF) indicates long-term market weakness. Despite this, rising weekly RSI suggests potential upward movement could validate breaking free from bearish constraints.

Predictive analysis indicates Bitcoin may experience a healthy ascending trend and ultimately reach the upper resistance level at $88,500. A decisive breakout past this level could awaken bullish activity, ultimately propelling Bitcoin towards the $100,000 mark.