Bitcoin’s Triangle Pattern Signals Potential Breakout as Analysts Eye Next Major Move
Bitcoin’s recent price action has formed a triangular pattern, often a precursor to significant breakouts, as analysts anticipate the cryptocurrency’s next major move. With Bitcoin reaching an intraday high of $95,900 before stabilizing, experts suggest the current pullback is corrective, setting the stage for a potential upward surge. This technical development aligns with broader market expectations, reinforcing bullish sentiment among traders and investors.
Bitcoin’s Consolidation Suggests Impending Breakout as Triangle Pattern Forms
Bitcoin’s price action has entered a stabilization phase after reaching an intraday high of $95,900, with analysts observing a triangular pattern that typically precedes significant breakouts. More Crypto Online notes the current pullback appears corrective, suggesting the cryptocurrency is preparing for its next major move.
The formation of this technical pattern coincides with expectations of Bitcoin completing its third wave—a bullish indicator in Elliott Wave theory. While weekend trading volumes may temporarily suppress volatility, market participants are anticipating potential gaps and momentum shifts when liquidity returns at week’s open.
Such consolidation periods often precede decisive price movements, particularly when occurring NEAR psychologically significant levels. The $95,900 resistance-turned-support level now serves as a critical technical benchmark for traders evaluating Bitcoin’s near-term trajectory.
Crypto VC Funding Highlights: Bitdeer and Upexi Secure Major Investments
Bitdeer Technologies Group, a Singapore-based firm specializing in blockchain and high-performance computing, raised $179 million through loans and equity. The investment was backed by Matrixport, founded by Bitdeer Chairman Jihan Wu. As of April 25, Bitdeer held 1,234.4 Bitcoin (BTC), producing 39.3 BTC and selling 17.0 BTC during the period.
Upexi closed a private placement deal worth $100 million, further underscoring the robust activity in crypto venture funding. Total investments across the sector reached $470.75 million between April 20-26, signaling strong institutional confidence in blockchain infrastructure and related technologies.
Bitcoin Price Surges Past $94K Amid Bullish Momentum
Bitcoin’s price has surged past $94,000, sparking speculation of an imminent all-time high. The cryptocurrency maintains bullish momentum above short-term moving averages, though trading volume remains subdued.
ARK Invest has revised its 2030 BTC price target upward to $2.4 million, citing accelerating institutional adoption. Technical indicators suggest cautious optimism, with key resistance levels still in play.
The asset continues to demonstrate robust strength, bolstering investor confidence after a period of market uncertainty. As the broader crypto sector rallies, Bitcoin remains a standout performer in this upward trajectory.
Sustained gains reflect growing Optimism and institutional demand, signaling potential for new record highs. Recent price action indicates Bitcoin may be entering a phase of accumulation and long-term growth.
Swiss National Bank Rejects Bitcoin Inclusion in Reserves Amid Crypto Debate
The Swiss National Bank (SNB) has doubled down on its refusal to incorporate Bitcoin into its monetary reserves, despite growing global interest in cryptocurrency adoption. President Martin Schlegel cited Bitcoin’s notorious volatility and insufficient liquidity as primary concerns, deeming it incompatible with the SNB’s mandate for financial stability.
This decision arrives as a Swiss citizen-led initiative pushes for broader institutional crypto integration. The SNB’s stance highlights the tension between traditional financial conservatism and the disruptive potential of digital assets. Switzerland, long regarded as a hub for financial innovation, now draws a clear line in the SAND regarding central bank crypto exposure.
Semler Scientific Expands Bitcoin Holdings to Over 3,300 BTC with $10M Purchase
Semler Scientific, a Nasdaq-listed healthcare tech firm, has added 111 Bitcoin to its treasury, bringing its total holdings to 3,303 BTC. The latest $10 million purchase was executed at an average price of $90,124 per BTC, with the company’s total investment now valued at $313 million.
The move mirrors MicroStrategy’s aggressive Bitcoin accumulation strategy, signaling growing institutional confidence in the cryptocurrency as a balance sheet asset. Semler’s average purchase price stands at $87,929 across all acquisitions.
Ark Invest Raises Bitcoin Price Target to $2.4 Million in Bull Case by 2030
Cathie Wood’s Ark Invest has significantly revised its bullish Bitcoin price projection, now forecasting the cryptocurrency could reach $2.4 million by 2030—a 60% increase from its previous $1.5 million estimate. The updated model factors in institutional adoption and Bitcoin’s evolving role as ’digital gold.’
Analyst David Puell’s April 24 report highlights how Ark’s experimental valuation framework accounts for total addressable market and cross-sector penetration. The $2.4 million bull-case scenario reflects growing confidence in Bitcoin’s compound annual growth trajectory through the decade.
