Market Cap: $3.4391T 4.130%
Volume(24h): $122.6091B 38.090%
  • Market Cap: $3.4391T 4.130%
  • Volume(24h): $122.6091B 38.090%
  • Fear & Greed Index:
  • Market Cap: $3.4391T 4.130%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$109731.956184 USD

3.84%

ethereum
ethereum

$2692.478025 USD

7.88%

tether
tether

$1.000259 USD

-0.02%

xrp
xrp

$2.310195 USD

2.85%

bnb
bnb

$665.398326 USD

2.29%

solana
solana

$159.672203 USD

5.06%

usd-coin
usd-coin

$0.999804 USD

-0.01%

dogecoin
dogecoin

$0.194571 USD

6.55%

tron
tron

$0.287722 USD

1.47%

cardano
cardano

$0.712553 USD

7.00%

hyperliquid
hyperliquid

$39.140056 USD

10.60%

sui
sui

$3.406832 USD

5.85%

chainlink
chainlink

$14.613780 USD

6.44%

avalanche
avalanche

$21.918622 USD

5.88%

stellar
stellar

$0.276535 USD

3.81%

Cryptocurrency News Articles

Bitcoin Tops $97,000 Following a Bullish Flag Breakout, as ETFs and Firms Like Strategy and MetaPlanet Race to Accumulate More BTC

May 02, 2025 at 07:47 pm

Bitcoin Tops $97,000 Following a Bullish Flag Breakout, as ETFs and Firms Like Strategy and MetaPlanet Race to Accumulate More BTC

Bitcoin price displayed a 2.44% surge on May 1, breaking above the $97,000 mark. After touching a 24-hour high at $97,315, BTC is currently being exchanged at $96,637.

As the crypto market continues to recover, Bitcoin’s market cap has now reached $1.91 trillion.

The bullish momentum is heating up with more good news as institutional support is increasing and veteran market analysts share their insights on a potential new all-time high.

Bitcoin Price Analysis

On the 4-hour chart, BTC price shows a series of breakouts from bullish flag patterns. The most recent breakout rally has formed a swing high at $97,433.

Bitcoin price chart

Bullish flags are viewed as continuation patterns that tend to propel existing rallies to new heights. Therefore, the recent breakout move improves the upside potential for BTC prices.

The rally is currently consolidating at a lower level, below the R1 pivot resistance at $97.981, indicating that the bulls faced resistance in pushing Bitcoin price above the $98,000 threshold.

It’s worth noting that the breakout has triggered a bullish crossover in the MACD and signal lines. Despite a minor pullback of 0.49% over the past two hours, Bitcoin may be preparing to retest the broken flag pattern before continuing upward.

If momentum persists following the retest, Bitcoin could breach the R1 resistance. A further advance from this level would pave the way toward the $100,000 milestone.

Key resistance targets lie ahead at the R2 and R3 pivot levels, estimated to be around $102,200 and $108,600, respectively.

Veteran Market Analyst Targets $125K-$150K ATH

In other news, Peter Brandt, a veteran market trader, has taken to Twitter to share his thoughts on Bitcoin’s price trajectory.

According to Brandt, the flagship cryptocurrency could reach a new all-time high in the range of $125,000 to $150,000. However, for the bullish trend to continue, the BTC price must overcome the recently broken parabolic support slope of $96,397, as per the chart he shared.

At press time, Bitcoin is changing hands at $96,600, indicating that the largest crypto has managed to resurface above the parabolic slope.

Brandt suggests a timeframe of August-September 2025 for the potential new all-time high.

In another tweet, the analyst is highlighting the possibility of a 50% plus correction in BTC prices post-market cycle top.

According to the analyst, a 50% correction from the 2025 peak would bring Bitcoin back to around $50,000.

Moreover, he adds that a 61.8% Fibonacci retracement would place the price at approximately $40,000.

Finally, in a third tweet, Peter Brandt shares his thoughts on the role of luck in investment success.

While he acknowledges the importance of knowledge, experience, and hard work, he believes that a significant factor in investment gains is sheer luck.

"No matter how much you know, how experienced you are, or how hard you work, a large factor in investment gains is LUCK. Those who claim to be masters of the markets are either ignorant or frauds. Markets are massively complex. Luck plays a role in all probabilistic endeavors."

Metaplanet and Strategy Race to Accumulate More BTC

Amid the market optimism, institutional interest in Bitcoin continues to surge, almost like a modern-day land grab.

Tokyo-based investment firm MetaPlanet recently announced the issuance of ¥3.6 billion (nearly $25 million) in 0% ordinary bonds, which will be used to fund further purchases of Bitcoin.

These bonds are redeemable at face value upon maturity on October 31, 2025.

Announcing 3.6 Billion JPY 0% Ordinary Bonds Issuance for BTC Investment

Tokyo-based investment firm Metaplanet announced the issuance of 3.6 billion yen (nearly $25 million) in 0% ordinary bonds to fund further purchases of Bitcoin (BTC).

The bonds, which are being sold in units of 100,000 yen with a minimum subscription amount of one million yen will be used to fund further purchases of Bitcoin (BTC). They are also announced to be paid at maturity on October 31, 2025.

The company is a strong supporter of cryptocurrencies and has been actively investing in Bitcoin in recent months. In March, Metaplanet completed a third-party allocation of new shares for a total of 3.6

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Jun 10, 2025