Bitcoin (BTC) recently surpassed $95,000, moving towards the $100,000 mark, bolstered by record ETF inflows of $3.1 billion and strong institutional interest. Technical indicators are bullish, with projections suggesting Bitcoin could achieve between $130,000 and $200,000 by late 2025. Its decreasing correlation with traditional stocks implies growing independence as an asset. Experts and key industry figures remain optimistic about Bitcoin’s future price trajectory.
Bitcoin (BTC) continues to surge, recently crossing the $95,000 threshold and marking an impressive climb of over 10% this past week alone. Feeding this bullish momentum is a strong influx of institutional investment, particularly in spot Bitcoin exchange-traded funds (ETFs), which recorded net inflows of a staggering $3.1 billion within just five days. Positive market sentiment, alongside this influx, suggests that Bitcoin could soon be on the verge of hitting the much-anticipated $100,000 target.
The recent performance of Bitcoin has been quite remarkable, showing an approximate 11% gain between April 20 to April 26. The cryptocurrency, after hanging tightly around $94,000, peaked at a notable $95,115 on April 27, achieving a daily increase of about 1%. It’s clear that both retail and institutional investors are optimistic about Bitcoin’s prospects.
A significant factor in this uptrend is the record inflow into Bitcoin ETFs, as mentioned earlier. Noteworthy is the comment by Bloomberg’s ETF analyst Eric Balchunas, who highlighted how rapidly market capital can shift, indicating a robust institutional interest in BTC. This increased backing seems to be a steadfast pillar supporting Bitcoin’s ascent.
Indeed, in the wake of a solid performance, Bitcoin recently posted a weekly gain of 10.6%, outperforming the Nasdaq and gold. Impressively, Bitcoin’s month-on-month growth is sitting at 11.8%, with year-to-date returns at a solid 48.4%. Notably, a governmental signal regarding the easing of tariffs on Chinese imports appears to have rekindled a rally across equities and commodities, benefitting Bitcoin as well.
Euro future price movements remain bullish, especially with Bitcoin closing above $94,300, successfully positioning itself within the upper Keltner Channel at $94,319. A potential target for a sustained price rally could be around $102,500. The Parabolic SAR, currently beneath the price at about $87,224, signals a prevailing bullish trajectory, while the TM RSI reflects room for further growth before nearing an oversold condition.
Despite professional bearish signals in the derivatives market, the outlook remains positive. As bears attempt to protect the $95,000 mark, Bitcoin’s ability to recover from any dips will significantly increase its chances of hitting $100,000 soon. Recent insights from Binance co-founder Changpeng Zhao, who cheekily suggested buying the dip, have bolstered investor enthusiasm.
Currently, Bitcoin’s correlation with the S&P 500 has dropped to 29%, a striking decrease from 60% a few weeks prior, hinting at its evolving status as an independent asset class. This decoupling is further underscored by gold’s diminishing performance post its own high earlier in April, which only serves to reinforce Bitcoin’s validity as “digital gold.”
Seeking to the future, analysts have set their eyes high. According to 21st Capital’s co-founder Sina, Bitcoin could reach between $130,000 and $163,000 by the close of 2025. Others like the anonymous analyst apsk32 suggest it could soar even further, surpassing the $200,000 mark later this year. As such, the sentiment surrounding Bitcoin’s evolution remains largely optimistic amidst a changing financial landscape.
