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Summary ⚈ Bitcoin must hold above $91,400 to reach a potential top around $155,000. ⚈ Rising global liquidity (M2 supply) could fuel Bitcoin’s rally toward $150,000. ⚈ Large exchange outflows and strong technical indicators signal continued bullish momentum. While Bitcoin ( BTC ) has found momentum above the $90,000 mark, an expert views this position as crucial for the asset to reach a record high of over $150,000. Citing the Pi Cycle Top Indicator, prominent on-chain cryptocurrency analyst Ali Martinez suggested that Bitcoin could climb as high as $155,400 but must maintain a price above $91,400, he said in an X post on April 27. Bitcoin Pi Cycle Top Indicator. Source: Glassnode The Pi Cycle Top Indicator, which tracks the 111-day moving average ( MA ) against twice the 350-day moving average, is used to predict major peaks in the Bitcoin market. Now, Martinez’s outlook is that the two averages are converging again, signaling a potential top if Bitcoin holds above $91,400. Although the analyst did not provide a timeline for Bitcoin to remain above this level, it comes at a time when the digital currency is seeing short-term momentum, driven by supposedly easing trade tensions between the United States and China. More catalysts support Bitcoin to $150,000 In the same breadth, another cryptocurrency analyst, Ted Pillows, believes that Bitcoin will likely trade at $150,000 during this cycle but pointed to a different catalyst. In an X post on April 27, Pillows noted that a surge in global M2 supply could trigger Bitcoin’s rally, as the asset has historically tracked expansions in global liquidity. He also addressed concerns over misleading data suggesting a drop in India’s M2 supply, attributing it to a technical glitch. Even if M2 stabilizes, Pillows believes strong fundamentals and technical indicators position Bitcoin to surpass $150,000. Bitcoin/M2 supply chart. Source: Ted Pillows Meanwhile, as reported by Finbold, crypto trading expert TradingShot believes that Bitcoin has a chance of claiming $140,000 by August, citing the asset’s technical outlook and historical trends. Indeed, further on-chain data supports the possibility of Bitcoin hitting a new high, with insights from crypto analytics platform Santiment suggesting investors anticipate a continued price rebound for BTC. Specifically, as of April 26, over 40,000 BTC had been withdrawn from centralized exchanges within a week. Such a shift often signals a growing trend of investors moving their assets to cold storage, suggesting strong confidence in Bitcoin’s long-term value. More than 40,000 #Bitcoin $BTC have been withdrawn from exchanges over the past week! pic.twitter.com/Gytd1ZFWEV — Ali (@ali_charts) April 26, 2025 Historically, large exchange outflows are considered bullish for Bitcoin, as they reduce the amount of BTC available for sale on the open market. Bitcoin price analysis Bitcoin was trading at $94,177 at press time, down modestly by less than 0.1%. On the weekly timeframe, BTC is up over 11%. Bitcoin seven-day price analysis. Source: Finbold As Bitcoin has broken out on the weekly chart, the asset’s relative strength index ( RSI ), with a reading of 68.65, suggests it may be entering the overbought zone. Additionally, the price remains well above both the 50-day and 200-day simple moving averages (SMA), with the 200-day SMA currently at $86,241, reinforcing the strong upward trend. Featured image from Shutterstock The post This is the ‘only condition’ stopping Bitcoin from $150,000 top appeared first on Finbold .
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Source: Finbold
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Bitcoin Price Sees Short-Term Dip — Bulls Plot Their Next Move
Bitcoin price is correcting gains from the $95,000 zone. BTC is back below $94,000 and might test the $91,200 support zone in the near term. Bitcoin started a minor downside correction below the $94,000 zone. The price is trading below $94,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $94,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $94,200 zone. Bitcoin Price Starts Downside Correction Bitcoin price remained stable above the $90,000 level and started a fresh increase . BTC was able to climb above the $91,500 and $94,000 resistance levels. The bulls were able to pump the price above the $94,500 resistance. The recent high was formed at $95,348 and the price started a downside correction. There was a drop below the $94,500 and $94,000 levels. A low was formed at $92,900 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $95,348 swing high to the $92,900 low. Bitcoin price is now trading below $94,000 and the 100 hourly Simple moving average . There is also a connecting bearish trend line forming with resistance at $94,000 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $93,650 level. The first key resistance is near the $94,000 level. The next key resistance could be $94,150 and the 50% Fib retracement level of the downward move from the $95,348 swing high to the $92,900 low. A close above the $94,150 resistance might send the price further higher. In the stated case, the price could rise and test the $94,500 resistance level. Any more gains might send the price toward the $95,500 level. More Losses In BTC? If Bitcoin fails to rise above the $94,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $92,800 level. The first major support is near the $92,000 level. The next support is now near the $91,500 zone. Any more losses might send the price toward the $90,500 support in the near term. The main support sits at $90,000. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $92,800, followed by $92,000. Major Resistance Levels – $94,000 and $94,150. Finbold
Solana: Can a 17K SOL whale action help it break the $153 resistance?
Solana is poised for a breakout, with whale moves and positive sentiment driving upward momentum. Finbold
