Bitcoin (BTC) Could Surge to $155K, But Prices Must Stay Above This Level
The post Bitcoin (BTC) Could Surge to $155K, But Prices Must Stay Above This Level appeared on BitcoinEthereumNews.com.
Markets have been turbulent this April amid tariff-related moves by US President Donald Trump. Still, Bitcoin has surged by over 14% so far this month after the tension eased. As it trades above $94,000, experts suggest that the crypto asset could be set for further growth as investor confidence continues to build. Pi Cycle Indicator Points to Uptrend Bitcoin could potentially reach a new high of $155,400, according to the Pi Cycle Top indicator. However, this outcome is based on the asset maintaining a price level above $91,400. If the asset stays above this threshold, popular crypto analyst Ali Martinez believes it may be poised for further gains. The next #Bitcoin $BTC top could reach $155,400 based on the Pi Cycle Top indicator. The only condition is that prices must stay above $91,400. pic.twitter.com/1l3xJrUQrN — Ali (@ali_charts) April 27, 2025 His findings also reveal that the Accumulation Trend Score is approaching 1, which indicates strong accumulation activity and high conviction among long-term holders. This metric suggests growing confidence in Bitcoin’s long-term value. The increased interest is particularly true for large-scale investors. In fact, since late January, nearly 100 new entities holding over 1,000 BTC have joined the network. Along with large players, the Bitcoin market is also experiencing a surge of FOMO from retail investors, which could signal a potential turning point after a period of market uncertainty. Non-Sovereign Store of Value As global investors seek alternatives outside traditional financial and banking systems, Bitcoin is gaining renewed attention as a non-sovereign store of value, according to a recent update from New York Digital Investment Group (NYDIG). The firm noted that, while the connection remains “tentative,” BTC is beginning to fulfill its original purpose – offering resilience during uncertain times. This shift in perception is just beginning to take hold among…
Filed under: News - @ April 28, 2025 7:20 am