Bitcoin (BTC) Price Increased 1.4% in the Last 24 Hours to Trade at $94,232

Bitcoin price increased 1.4% in the last 24 hours to trade at $94,232

Key Insights

* Bitcoin price rose 1.4% in the last 24 hours to trade at $94,232 on a 39% surge in trading volume.

* Futures traders have suddenly turned bearish as the net positions went down by 16,278 contracts.

* Short interest continues to pile up for BTC around $96,600.

* A top analyst dropped a bold “Bitcoin sell signal” post that’s got the community buzzing.

* Is BTC about to tank to $90,000, or is this just another fakeout?

Top crypto analyst Ali shared a post on X, noting Bitcoin (BTC) had “flashed a sell signal”. The analyst’s post focused on a classic technical indicator—Relative Strength Divergence (RSD).

According to Ali, when RSD diverges from price, it can predict a reversal in the asset’s direction. In simpler terms, if the price is going up but RSD is going down, then it’s time to sell.

However, other indicators are screaming “Buy Now.” The sentiment? Confusion, with a side of FOMO.

This sell signal comes at a pivotal moment, when Bitcoin has been flexing some serious gains. But Ali’s warning signals the price could revisit $90K, a level that’s still high compared to earlier 2024 predictions.

For context, Bitcoin hit new local highs above $95,000 in late April, according to market data, so a dip to $90,000 would mean a roughly 5% correction. Not a total bloodbath, but enough to make leveraged traders sweat.

Bitcoin Whale Moves 1,200 BTC —Turning Bullish?

According to Lookonchain Analytics, a Bitcoin whale has moved 1,200 BTC—which is equivalent to about $110 Million—out of an exchange and into a cold wallet.

The large cryptocurrency holder had been accumulating BTC on exchanges since December 2024. But on May 5, they decided to pull a big chunk of their coins into cold storage.

Typically, whales pulling coins off exchanges signals a long-term bullish vibe, as it lessens selling pressure. But in the short term, it can also mean less liquidity, making price swings more dramatic.

If Ali’s sell signal plays out, then this whale’s move might not save the day for short-term bulls.

Bitcoin Price Ready to Breakout — All Eyes On May 6-7 FOMC Meeting

Top crypto analyst Coin Edition predicts that Bitcoin is on the verge of a rally to $100,000.

According to Coin Edition, Bitcoin’s 1-day pattern is shaping a clear rounding bottom — a classic bullish reversal pattern, often signaling the end of a downtrend. While writing, BTC was testing a key resistance (R) zone between $95,860 and $96,993 — the level where the previous decline began on February 22.

The analyst says, “All eyes are now on the May 6-7 FOMC meeting” as it could serve as a catalyst to drive BTC toward the psychological $100,000 mark.

The Fed’s interest rate decision this week has everyone on edge. Higher rates typically mean less risk appetite, which could push investors to dump BTC for safer assets like bonds. If the Fed hikes rates—or even hints at it—Ali’s $90,000 prediction might come true.

However, the overall market sentiment leans more toward no cut to a rate cut. Polymarket predictions market shows 97.5% of users have bet on “No Change” in interest rates, come Wednesday.

The last time the market saw a 2.4% inflation reading was in September 2024, which was also when the Fed delivered a 50 bps rate cut. That cut triggered a massive rally in the crypto market.

In March, we saw another 2.4% inflation print, and that can only mean one thing. The Fed is about to cut rates aggressively, and crypto is set to flourish once again.

What’s Next for BTC?

Bitcoin’s at a crossroads. Ali’s sell signal is a bearish catalyst, but whale accumulation and network strength are signalling “bullish”. If BTC drops to $90,000, it could be a solid entry point for long-term holders.

But if the Fed plays nice and adoption keeps climbing, we might see BTC shrug off the sell signal and aim for $100,000 instead.