Bitcoin’s Golden Ratio Rally: Analyst Predicts $124,000 Target Amid Undervalued Signals
As Bitcoin enters a critical phase in its price action, prominent crypto analyst Burak Kesmeci has projected a bullish target of $124,000 using the Golden Ratio Multiplier model. This tool, which combines moving averages and Fibonacci ratios, suggests BTC remains undervalued despite its recent surge. With Bitcoin currently trading at 106,482.41 USDT, the model highlights potential accumulation opportunities and further upside ahead. Here’s a detailed breakdown of the analysis and what it means for investors.
Bitcoin Eyes $124,000 As Golden Ratio Signals More Gains Ahead
Prominent crypto analyst Burak Kesmeci predicts bitcoin could reach $124,000 based on the Golden Ratio Multiplier model. The tool, which uses moving averages and Fibonacci ratios, suggests BTC may still be undervalued despite its recent surge.
Bitcoin’s price action has entered a critical phase, with the Golden Ratio Multiplier indicating potential for further upside. The model historically identifies accumulation opportunities and market tops, now flashing bullish for the world’s largest cryptocurrency.
Bitcoin Eyes $100K as Bullish Momentum Builds
Bitcoin’s relentless ascent continues, with the cryptocurrency now targeting the psychological $100,000 threshold. The asset surged 11.75% over the past week, climbing from $83,000 to test resistance at $95,000 before settling at $94,061.
Technical indicators flash strong buy signals. The MACD histogram exploded from 137 to a year-to-date high of 2,814—a textbook confirmation of accelerating bullish momentum. Such readings typically precede extended trends when accompanied by sustained demand.
Market structure suggests $96,000 remains the key level to watch. A decisive break above this resistance could trigger the next leg up toward six-figure valuations, though traders remain cautious of potential profit-taking at historic highs.
Bitcoin Whales Realize Over $343 Million in Profits as Price Surges Above $94,000
Bitcoin whales capitalized on the cryptocurrency’s rally past $94,000 in April 2025, locking in profits exceeding $343 million. Data from CryptoQuant reveals long-term holders orchestrated this profit-taking wave on April 23, coinciding with Bitcoin’s close at $93,715.
Network activity told a contrasting story. Despite price appreciation, active addresses declined—a potential warning sign of weakening organic growth. Exchange dynamics reinforced accumulation trends, with outflows decisively outpacing inflows.
Russian Governor Proposes Gas-Powered Solution for Bitcoin Mining Challenges
Irkutsk Governor Igor Kobzev has floated an unconventional fix for the region’s Bitcoin mining woes: harnessing associated gas from oil drilling sites. The proposal comes as Russia tightens restrictions on crypto mining, with Irkutsk implementing the nation’s first year-round mining ban in southern districts earlier this month.
"We need mining market leaders to collaborate with energy producers," Kobzev told Interfax, suggesting joint ventures to build data centers powered by alternative fuels. The MOVE follows Moscow’s winter mining ban across ten regions through 2031, signaling growing tension between Russia’s crypto ambitions and its energy infrastructure limitations.
Blockstream CEO Predicts Bitcoin Firms Will Propel $200 Trillion Market Cap
Adam Back, CEO of Blockstream and creator of Hashcash, asserts that Bitcoin-focused companies are spearheading global adoption through treasury allocations. This trend, he argues, could escalate BTC’s market capitalization to $200 trillion within ten years.
Back highlights the rational arbitrage of corporate Bitcoin treasury strategies, positioning them as long-term plays. Governments and institutions are increasingly recognizing BTC’s unique monetary properties, he notes.
A recent X post by Back illustrates how treasury firms like Strategy are bridging the gap between fiat systems and Bitcoin’s future. The executive envisions hyperbitcoinization unfolding at scale, with BTC potentially capturing a $100-200 trillion valuation.
Bitcoin Eyes $100K Milestone Amid Strong Technical Breakout
Bitcoin is charging toward the psychologically significant $100,000 level after a decisive technical breakout. The cryptocurrency has vaulted above both the 50-day and 100-day exponential moving averages, transforming these indicators into potential support zones. Trading volume has surged alongside the price action, signaling robust buyer conviction despite recent market turbulence.
Market depth analysis reveals concentrated liquidity pools NEAR $94,000 and $96,000—regions where volatility could intensify as algorithmic trades trigger cascading liquidations. A clean break above $96,000 may catalyze a parabolic move toward six figures, accelerated by short covering and momentum buying.
