Here Is the Next Key Target According to Important Indicator
The post Here Is the Next Key Target According to Important Indicator appeared on BitcoinEthereumNews.com.
Bitcoin As Bitcoin hovers around the $94,000 mark, both market data and macro-financial strategies are signaling a potential breakout. Could this be the next leg up in Bitcoin’s trillion-dollar journey? Michael Saylor’s Billion-Dollar Blueprint MicroStrategy co-founder Michael Saylor has redefined corporate treasury management with an aggressive Bitcoin-centric strategy. In a recent address, he revealed how his company used both equity and debt markets to generate nearly $3.4 billion in arbitrage gains—all centered around acquiring Bitcoin at scale. By issuing low-interest or 0% debt and pairing it with strategic BTC buys, Saylor believes corporations can capture exponential gains. His thesis is simple but powerful: Bitcoin appreciates faster than traditional financial assets, and using capital markets to accumulate it could massively amplify value. Accumulation Trend Score: Institutions Are Buying In Glassnode’s Accumulation Trend Score is nearing 1, a level that indicates aggressive accumulation by large holders. This kind of behavior typically foreshadows major price moves, especially when combined with supportive macro signals. $95,870 Breakout Could Lead to $114,230 According to the MVRV Pricing Bands, Bitcoin is approaching a major resistance level at $95,870. If it breaks and holds above this threshold, the next key target is $114,230—a price level supported by historical valuation bands. This aligns directly with the kind of environment Saylor is capitalizing on: one where price momentum and institutional interest converge. Market Sentiment: Denial Before Breakout The NUPL (Net Unrealized Profit/Loss) metric suggests long-term holders are in the “denial” phase—a phase that often occurs just before the market shifts into broader belief and optimism. Meanwhile, the MVRV Momentum is closing in on a bullish crossover of its 1-year SMA, a signal often followed by strong upside moves. Conclusion: The Stars Are Aligning for Bitcoin Between Michael Saylor’s aggressive acquisition model and Glassnode’s bullish on-chain indicators, Bitcoin may be preparing…
Filed under: News - @ May 1, 2025 1:25 am