Kategorie: Bitcoin News

• Bitcoin climbed above $95,490 Monday ahead of Trump’s 100-day speech, eyeing policy clarity.
• Potential confirmation of a US Bitcoin strategic reserve could be a major catalyst towards $100K.
• Bitcoin shows resilience (YTD +5.6%) vs. US stocks (YTD -5%) amid tariff uncertainty, boosting safe-haven appeal.

Bitcoin demonstrated renewed strength on Monday, climbing back above the significant $95,000 mark as the broader financial markets turned their focus towards President Donald Trump’s upcoming 100-day policy review speech.

Amidst a complex macroeconomic backdrop shaped by Trump’s second term policies, on-chain data showing significant Bitcoin withdrawals from exchanges added fuel to bullish sentiment, prompting speculation about a potential push towards the $100,000 milestone.

Anticipation builds ahead of Trump’s 100-day review

After a period of consolidation, Bitcoin prices pushed higher, reaching levels above $95,490 according to CoinGecko data, marking an 0.8% gain over 24 hours and reflecting a robust 8.9% increase week-over-week.

This price action mirrored gains seen in US equity markets, particularly among top technology stocks, as investors awaited clarity from Trump’s address.

Crypto-related policies have been a notable feature of Trump’s second term thus far, and market participants are particularly keen for updates on proposals like the potential creation of a US Bitcoin strategic reserve.

A definitive announcement confirming the strategic reserve initiative could serve as a powerful catalyst, potentially triggering a rapid (“parabolic”) move towards and beyond $100,000.

Conversely, renewed emphasis on aggressive tariff strategies or drastic budget cuts in the speech could dampen overall market sentiment, potentially capping Bitcoin’s near-term upside despite its recent resilience.

Macro crosscurrents: tariffs, inflation, and Fed pressure

The first 100 days of Trump’s term have been marked by distinct policy trends influencing market dynamics.

While US inflation has continued its downward trend (falling from a 9.1% peak in 2022 to 2.4% in March 2025, per TradingEconomics), Trump’s continued advocacy for tariffs – measures widely warned by economists as potentially inflationary – creates tension.

The President has claimed victory over inflation while simultaneously pushing for policies that could reignite price pressures.

This backdrop informs Trump’s recently intensified calls for the Federal Reserve to cut interest rates, including public pressure and threats aimed at replacing Fed Chair Jerome Powell.

While these pronouncements have sparked market speculation, data from the CME FedWatch tool still indicates a dominant (90.1%) probability that the Fed will maintain current rates at its upcoming May 7 FOMC meeting.

However, the administration’s focus on tariffs (“impose across-the-board tariffs on most foreign-made goods”) continues to inject uncertainty into US stock markets.

This uncertainty appears to be bolstering Bitcoin’s narrative as a potential safe-haven asset, relatively insulated from direct geopolitical trade spats and supply chain disruptions.

Notably, Bitcoin has posted year-to-date gains of 5.6%, contrasting with declines seen in the S&P 500 and Dow Jones indices (down 5% YTD) during the same period.

Should Trump’s policies continue to foster volatility in traditional financial (TradFi) markets, Bitcoin’s perceived resilience could attract further capital inflows.

On-chain flows signal accumulation?

Adding weight to the bullish case is compelling on-chain data indicating significant Bitcoin movement off cryptocurrency exchanges.

Analysis from CryptoQuant reveals that investors have withdrawn over $4 billion worth of Bitcoin from tracked exchange wallets since Trump’s recent calls for rate cuts began around April 22.

Total exchange reserve balances reportedly fell from $237.8 billion to $233.8 billion during this period.

This trend of coins leaving exchanges is often interpreted bullishly, as it suggests investors are moving Bitcoin into private storage (“cold wallets”) for longer-term holding rather than keeping it readily available for sale on trading platforms.

This reduction in easily accessible supply, coupled with potentially steady or increasing demand triggers (like the safe-haven narrative or strategic reserve news), strengthens the argument for a potential price breakout.

Bitcoin tests $95K resistance, eyes $100K breakout

With demand factors seemingly active and exchange supply tightening, the technical picture comes into sharp focus. Bitcoin is currently testing the significant resistance zone around 95,000−95,500.

Successfully overcoming and holding above this level is seen as crucial for confirming the next leg higher.

The $100,000 psychological milestone remains the key upside target in the near term, with the confluence of macro uncertainty, potential policy catalysts from Trump’s speech, and supportive on-chain data suggesting the stage could be set for such a move.

The post Donald Trump speech looms: can Bitcoin leverage exchange outflows, safe haven status for $100K? appeared first on CoinJournal.

• Bitcoin gained over 10% this week, testing key resistance near $95,000 amid strong buying.
• US Spot Bitcoin ETFs saw massive $3.06 billion weekly inflows, signaling renewed institutional interest.
• Avalanche (AVAX) consolidates near $23.50 resistance; a breakout could target $31.73 (double-bottom).

Bitcoin demonstrated renewed strength this week, posting gains of over 10% as determined buyers pushed the price back towards the significant overhead resistance level near $95,000.

While consolidating below this key hurdle, the fact that buyers haven’t ceded significant ground suggests underlying bullish conviction, further supported by robust institutional inflows and optimistic analyst projections.

ETF inflows signal renewed institutional appetite

The sharp upward move in Bitcoin’s price has been significantly bolstered by resurgent buying activity in the US spot Bitcoin exchange-traded funds (ETFs).

Data from Farside Investors revealed impressive weekly inflows totaling $3.06 billion into these funds.

Commenting on this influx, Bloomberg ETF analyst Eric Balchunas highlighted on X (formerly Twitter) how notable it was to witness “HOW FAST the flows can go from 1st gear to 5th gear,” indicating a rapid acceleration in institutional demand.

This renewed buying coincides with bullish technical and quantitative signals. 21st Capital co-founder Sina noted on X that Bitcoin had reclaimed its “power-law price,” a model suggesting considerable long-term upside.

Sina’s Bitcoin Quantile Model projects potential targets between $130,000 and $163,000 before the end of 2025.

Other anonymous analysts, like apsk32, hold even more ambitious short-term targets, predicting a move above $200,000 in the fourth quarter of this year.

Bitcoin (BTC) price analysis: bulls target $100K

The price chart reveals a tense battle unfolding near the critical $95,000 resistance.

Technical indicators currently favor the bulls: the 20-day exponential moving average (EMA), sitting around $88,619, is sloping upwards, and the relative strength index (RSI) is positioned near overbought territory, signaling strong buying momentum.

A decisive close above the $95,000 mark could act as a powerful catalyst, potentially propelling the BTC/USDT pair towards $100,000 and subsequently to the $107,000 region.

However, sellers are expected to mount a strong defense in the zone between $107,000 and $109,588.

Conversely, the 20-day EMA serves as crucial near-term support.

A break below this level could invalidate the immediate bullish momentum and potentially pull the price back into the broader range between $73,777 and $95,000.

Looking at the 4-hour chart, bears are actively defending the $95,000 level but have struggled to push the price decisively below the shorter-term 20-EMA.

A rebound off this moving average would strengthen the case for an eventual breakout above $95,000, targeting $100,000.

However, failure to hold the 4-hour 20-EMA could lead to a deeper pullback towards the 50-simple moving average (SMA), a key level bulls must defend to prevent a slide towards $86,000.

Sui (SUI) price analysis: testing resistance, eyeing upside

Sui (SUI) has encountered resistance near the $3.90 level.

However, the pullback from this high has been relatively shallow, indicating that bulls are holding their positions rather than rushing to take profits.

If the price remains above the 38.2% Fibonacci retracement level at $3.14, buyers are likely to make another attempt to push the SUI/USDT pair above $3.90.

A successful breakout could see the price surge towards $4.25 and potentially $5.00.

On the downside, a break below $3.14 would signal the start of a more significant correction, potentially targeting the 50% retracement level at $2.94.

Buyers are expected to defend the zone between $2.94 and the 20-day EMA (currently around $2.69).

The 4-hour chart shows support near the 20-EMA, but sellers remain active at higher levels.

A break below the 4-hour 20-EMA could trigger a drop to $3.14, while a push above the
3.81−3.90 resistance is needed to confirm the next leg up towards $4.25.

Avalanche (AVAX) price analysis: range consolidation, breakout potential

Avalanche (AVAX) has been consolidating within a range defined by support at $15.27 and resistance near $23.50.

Trading within such ranges often involves buying near support and selling near resistance.

While buyers haven’t yet managed to decisively break above $23.50, the fact they haven’t given up much ground suggests accumulation might be occurring.

A breakout above $23.50 would complete a potential double-bottom pattern, a bullish formation with a calculated target objective near $31.73.

However, this optimistic scenario would be invalidated if the price turns down and breaks below the moving averages, suggesting the range-bound action might persist.

On the 4-hour chart, AVAX has been consolidating tightly between $21.60 and $23.10. This narrow range indicates bulls are holding firm, anticipating further upside.

A break above $23.10 could trigger a move towards $25, likely overcoming the resistance at $23.50.

Conversely, a drop below $21.60 would signal weakening bullish resolve, potentially pulling the price down towards $19.50.

The post Crypto news today: Bitcoin bulls eye $100K breakout; SUI, AVAX charts show potential appeared first on CoinJournal.

• Bitcoin rallied to $93,600 (+12.2% weekly) despite mixed US-China trade signals.
• US Spot Bitcoin ETFs saw nearly $1.3 billion net inflows this week, signaling strong institutional demand.
• Analysts suggest Bitcoin is decoupling from risk assets, acting more like “digital gold.”

The cryptocurrency market showed renewed vigor recently, with Bitcoin pushing towards $94,000, although the rally encountered some friction Wednesday following cautious remarks from US Treasury Secretary Scott Bessent regarding the timeline for a comprehensive US-China trade deal.

Despite this, strong institutional inflows and a potential divergence from traditional risk assets are fueling speculation about Bitcoin’s next major move.

Bitcoin (BTC) climbed 2.6% over the preceding 24 hours and logged a 12.2% gain over the past seven days, reaching levels near $93,600 – territory not seen since early March.

While Bitcoin led the charge, broader crypto market strength was evident.

The CoinDesk 20 index, tracking top digital assets (excluding stablecoins, memecoins, and exchange tokens), rose 4.2% over 24 hours.

Altcoins like Sui (SUI) posted impressive 24% gains, with Cardano (ADA) and Chainlink (LINK) also advancing around 7%.

Crypto-related equities, after a strong start, saw gains moderate throughout the day.

Mining firms Bitdeer (BTDR) and Core Scientific (CORZ) pared back double-digit advances to close up roughly 4%, while Coinbase (COIN) and MicroStrategy (MSTR) finished with gains of 2.1% and 1.4%, respectively.

The backdrop for this rally included seemingly conflicting signals on the trade front. Earlier in the week, President Donald Trump suggested tariffs on China would “come down substantially” post-deal.

However, Secretary Bessent tempered expectations on Wednesday, stating no unilateral offer to cut tariffs had been made and predicting a full resolution would likely take “two to three years to achieve.”

Decoupling debate: Bitcoin mirrors gold amid uncertainty?

This persistent trade uncertainty, paradoxically, might be contributing to Bitcoin’s strength relative to traditional markets. Some analysts believe the market may be moving past the initial shock of tariff threats.

“Markets priced in the initial tough stances and tariff threats, which kept a lid on risk appetite over the past two months,” Paul Howard, director at crypto trading firm Wincent, told CoinDesk.

“History suggests that once the opening volleys pass, more constructive developments and easing volatility typically follow,” he added, suggesting this environment could ultimately support risk assets like crypto.

The narrative of Bitcoin acting as “digital gold” – a hedge against macroeconomic uncertainty and potential currency debasement – appears to be gaining traction.

Institutional conviction: ETF flows surge past $1 billion this week

Underscoring the renewed interest, particularly from larger players, has been the significant turnaround in flows for US-listed spot Bitcoin ETFs.

According to SoSoValue data, these funds have attracted nearly $1.3 billion in net inflows so far this week alone, marking their strongest daily inflow on Tuesday since mid-January.

“This [crypto] rally isn’t retail-driven hype—it’s institutional capital positioning ahead of what many see as a new monetary and political regime,” asserted Matt Mena, crypto research strategist at digital asset manager 21Shares.

“More investors are turning to it not just as a speculative asset, but as a flight to safety amid rising uncertainty across traditional markets.”

Gold pauses, bitcoin poised? Historical patterns eyed

Adding another layer to the bullish case is the recent performance of traditional gold.

After a remarkable run that saw it surge 35% over four months to breach $3,500 per ounce, gold prices pulled back Wednesday, down roughly 2.5% to around $3,290.

Some analysts interpret this stalling action in gold, following its massive rally, as potentially bullish for Bitcoin.

Charles Edwards, founder of Capriole Investments, highlighted this dynamic.

Posting a chart on X (formerly Twitter), he noted that historically, Bitcoin’s major upward moves have often followed significant gold rallies, albeit with a lag of a few months.

“Bitcoin is showing significant strength,” Edwards stated.

“We have decoupled from risk assets and the market is now starting to front-run the fact that bitcoin is digital gold. If risk assets were to decay further from here, BTC is the ultimate QE [quantitative easing] hedge.”

Eyes on $95K: resistance looms despite bullish momentum

Despite the strong price action and positive indicators, technical hurdles remain.

Matt Mena from 21Shares cautioned that Bitcoin faces near-term resistance around the critical $95,000 level.

He suggested a potential pullback could occur before a decisive breakout above this zone. Successfully clearing $95,000 is seen by many traders as key to unlocking further significant upside potential.

The combination of renewed institutional demand, the compelling “digital gold” narrative gaining traction as traditional gold pauses, and supportive historical patterns suggests Bitcoin may be gearing up for its next major leg higher, with the $95,000 level serving as the immediate gateway.

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• EV sales fell 13%, production down 16%, causing 20% segment decline.
• Bitcoin holdings valued over $1 billion as BTC hits $93,000.
• Tesla holds 11,509 BTC with no transactions this quarter.

Tesla has reaffirmed its strategic bet on Bitcoin despite disappointing quarterly earnings, a plunging stock price, and slowing electric vehicle sales.

As of March 31, 2025, the company holds 11,509 Bitcoin, currently valued at just over $1 billion after a 6% rise in the cryptocurrency’s price to $93,000.

This development comes at a time when Tesla is under pressure from shareholders following a 41% decline in its stock price this year and growing scrutiny around CEO Elon Musk’s political involvement.

Revenue down, deliveries slump

Tesla’s Q1 2025 revenue reached $19.34 billion, falling short of Wall Street’s projection of $21.37 billion.

The shortfall is largely tied to the company’s main business—electric vehicles—which saw a 13% drop in deliveries and a 16% dip in production.

This led to a 20% year-over-year decline in revenue from its core segment.

Tesla’s declining delivery numbers mirror broader industry challenges, but some of the headwinds are unique to the company.

Ongoing protests and concerns around Musk’s dual focus—spanning political appointments and social media commentary—have amplified investor unease.

Despite this, Tesla made no changes to its Bitcoin position during the quarter, signalling a clear intention to maintain it as a long-term asset.

Bitcoin strategy remains unchanged

Tesla’s current holding of 11,509 BTC was first acquired in February 2021, with about 75% of it sold off in July 2022.

The remainder has been left untouched.

At the end of 2024, this stash was worth approximately $1.076 billion. By the close of Q1 2025, Bitcoin’s 12% decline had reduced the value to around $951 million.

However, with Bitcoin prices rebounding to $93,000, the portfolio’s worth has climbed back above the $1 billion mark.

New rules introduced by the Financial Accounting Standards Board (FASB) require companies to mark their digital asset holdings to market value at the end of each quarter.

Under this regime, Tesla previously recorded a $600 million unrealised gain in Q4 2024 due to Bitcoin’s rally.

Tesla’s decision not to buy or sell any Bitcoin in Q1 2025 signals a “HODL” stance—mirroring the strategy of other corporate holders like Strategy and Metaplanet, which also treat Bitcoin as a hedge or strategic reserve.

Musk shifts from DOGE to Tesla

Elon Musk, whose support for Dogecoin (DOGE) has frequently made headlines, announced plans to scale back his involvement with the meme coin.

He said his time allocation would shift in May 2025 as DOGE operations become more self-sufficient.

This renewed focus on Tesla comes as analysts call for urgent strategic moves.

Dan Ives of Wedbush labelled the company’s situation a “code red,” suggesting that Tesla may need to rethink parts of its financial strategy, including how it handles its Bitcoin holdings, if current challenges continue.

Meanwhile, BeInCrypto forecasts that crypto markets will remain unstable until mid-May due to global economic uncertainty and trade pressures.

However, the broader outlook for digital assets, especially Bitcoin, is more bullish for the second half of the year.

Analysts expect a rebound driven by post-halving effects, institutional buying, and regulatory clarity in the US.

As Tesla navigates financial turbulence, its firm stance on Bitcoin indicates that the cryptocurrency is now more than just a side bet—it’s part of a calculated strategy.

Whether that strategy pays off in Q2 and beyond may depend as much on Musk’s leadership as on Bitcoin’s next move.

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