BTC Price Prediction: Technical Breakout Targets $115K Amid Quantum Computing Jitters

BTC Technical Analysis: Bullish Signals Emerge Above Key Moving Averages

Bitcoin (BTC) is currently trading at $108,585.76, firmly above its 20-day moving average of $105,912.07, signaling bullish momentum. The MACD indicator shows a bullish crossover with the histogram turning positive at 912.2994, suggesting strengthening upward momentum. Bollinger Bands indicate volatility expansion, with price hovering NEAR the upper band at $111,212.09. BTCC financial analyst Sophia notes, ’The breakout above the 20-day MA and MACD reversal hint at potential continuation toward $115K if bulls sustain this level.’

Mixed Sentiment as Quantum Computing Threat Offsets Institutional Bitcoin Adoption

Market sentiment is bifurcated as quantum computing challenges (1 BTC bounty for breaking SHA-256) clash with institutional progress ($153M raised for AI-powered Bitcoin mining). BTCC’s Sophia observes, ’While Auradine’s funding and Lombard’s DeFi toolkit highlight Bitcoin’s infrastructure growth, Trump-Powell tensions and mid-term holder BTC movements may fuel near-term volatility. The fading correlation with equities suggests Bitcoin is carving its own macro narrative.’

Quantum Computing Group Offers 1 BTC Prize for Breaking Bitcoin’s Cryptographic Key

Project Eleven, a quantum computing research firm, has launched the Q-Day Prize, a competition offering 1 BTC to the first team that can break an elliptic curve cryptographic (ECC) key using Shor’s algorithm on a quantum computer. ECC is the cryptography securing the Bitcoin network. Shor’s algorithm can efficiently factor large numbers, potentially allowing quantum computers to break cryptographic algorithms used in Bitcoin and other blockchain networks. The contest comes as advancements in quantum computing suggest that a workable quantum computer might be developed within years. Project Eleven has also identified over 10 million Bitcoin addresses with non-zero balances that could be affected.

Bitcoin and U.S. Equities Show Early Signs of Fading Correlation

Wednesday’s price action between Bitcoin (BTC) and U.S. equities caught investors’ attention, highlighting early signs of a fading correlation between the two. In a typical diversified portfolio, assets are expected to show little to no correlation. For example, gold has continued to hit all-time highs, setting 12 new daily records this year, demonstrating a clear dislocation from U.S. equities. While Bitcoin has often been labeled a leveraged play on the Nasdaq 100, recent trends suggest that relationship may be weakening. Take BlackRock’s iShares Bitcoin Trust (IBIT), which trades only during regular U.S. market hours. On Wednesday, it closed up 0.46%, even as the Nasdaq 100 plunged more than 3%, down as much as 4.5% at one point, which would’ve marked its fifth-largest point decline in history.

Bitcoin Not a Haven Asset, More Correlated with AUD/JPY

President Donald Trump’s trade war has introduced significant volatility to financial markets, prompting investors to seek assets that provide a hedge. However, Bitcoin (BTC) has not emerged as a haven investment. Instead, it has become more closely correlated with the Aussie dollar-yen pair (AUD/JPY), considered a risk barometer in the foreign exchange market. Data shows the 90-day correlation coefficient between Bitcoin and AUD/JPY flipped positive in late February and has since hit its highest level since November 2021.

Auradine Raises $153M Series C for Bitcoin Mining, AI Data Center Networking

Auradine, a maker of computing equipment for bitcoin (BTC) mining and AI applications, raised $153 million in a Series C funding round. The Silicon Valley-based company also formed AuraLinks AI, focused on open-standards to address cooling requirements of next-generation AI data centers. AI data centers and BTC mining share similarities in their operational requirements. Given the proliferation of AI, the subject of data centers is now commonplace in public discourse. This is significant for the cryptocurrency industry as most things that relate to AI data centers could also be applied to bitcoin mining.

Bitcoin, Gold, and the Minsky Moment: Novogratz on the End of Fiscal Complacency

Mike Novogratz, CEO of Galaxy Digital, believes the "Minsky Moment" is here, with tariffs reshaping the global security apparatus and President Trump introducing fresh uncertainty into the markets. Equities are down roughly 10% year-to-date, but Novogratz believes that’s insufficient given the scale of global economic shifts. He noted that Bitcoin (BTC) typically performs well amid macroeconomic stress unless risk appetite completely evaporates, with capital flowing out of the U.S. dollar into perceived safe havens like gold and BTC.

Crypto Daybook Americas: Bitcoin Loses Allure to Gold as Economic Concerns Rise

President Donald Trump’s “reciprocal tariffs” announcement earlier this month drove the economic trade policy uncertainty index to a record high and sent investors away from risk assets, which include bitcoin (BTC). Federal Reserve Chairman Jerome Powell also commented, saying the central bank sees unemployment rising with the economy likely to slow and inflation likely to go up. His comments further weighed on risk assets, bringing the Nasdaq down 1.17% and the S&P 500 dropping 2.24%. Despite this, bitcoin is up more than 1% in the last 24 hours.

Lombard Finance Launches Toolkit to Unlock Bitcoin’s $154B DeFi Opportunity

Lombard Finance, a Bitcoin infrastructure developer, has launched an SDK that allows wallets, exchanges, and other platforms to offer one-click BTC staking. The SDK taps into the estimated $154 billion in idle BTC on centralized exchanges, allowing users to stake BTC to mint LBTC, which can be deposited into Lombard’s DeFi Vault for a 3% annual yield.

Crypto for Advisors: Generating Yield With Bitcoin

In today’s crypto for advisors, Todd Bendell from Amphibian Capital breaks down bitcoin yield products as a strategy to grow bitcoin holdings beyond price appreciation. Then, Rich Rines, an initial Core DAO developer, provides guidance to Bitcoin developers in Ask an Expert. Exclusive event alert for financial advisors: Join CoinDesk for Wealth Management Day on May 15th at Consensus Toronto. Registered wealth advisors are provided with their own day of networking and learning where they will acquire timely and actionable information about digital assets. Approved advisors receive a complimentary 3-day Platinum Pass ($1,750 value) to Consensus. Apply today.

Bitcoin Stalls at $85K Amid Trump-Powell Tensions

Bitcoin (BTC) was trading just below $85,000 late Thursday as investors faced additional uncertainty due to tensions between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell. Markets dipped on Wednesday after Powell’s hawkish comments, where he criticized Trump’s tariffs policy, warning of potential stagflation. Trump has expressed displeasure with Powell since retaking the White House.

Bitcoin Volatility Expected as 170K BTC Shift From Mid-Term Holders

Bitcoin (BTC) is likely headed for a period of heightened volatility as 170,000 BTC — worth over $14 billion at its current price — have moved from wallets held for three to six months. This cohort is often linked to market turning points, CryptoQuant warned. On-chain behavior from this group has historically served as an early signal for major price action. Mid-term holders are typically traders that hold a cryptocurrency for anywhere between three to 12 months and their movements are especially telling during transitional periods. When large amounts of Bitcoin shift out of this cohort, it can indicate growing uncertainty or strategy changes among traders.

Crypto Market相对稳定，AWS故障导致部分加密资产服务中断

本周加密货币市场相对稳定，比特币维持在84,000美元左右。CoinDesk 20指数（追踪约80%的市场）在过去七天内上涨约4%，没有发生历史性变动。然而，周二AWS发生技术故障，导致许多加密资产服务中断，凸显了去中心化经济并不总是那么去中心化。此外，Nvidia的坏消息也导致比特币和其他主要加密货币下跌。EigenLayer推出了旨在解决安全问题的“slashing”功能。另一方面，专注于实体资产的项目Mantra价值暴跌90%。