BTC Price Prediction: Technical and Fundamental Factors Align for Potential Upside
BTC Technical Analysis: Bullish Signals Emerge Amid Volatility
According to BTCC financial analyst Sophia, Bitcoin (BTC) is currently trading at $109,086.95, showing strength above its 20-day moving average of $105,937.13. The MACD indicator reveals a bullish crossover with the histogram turning positive at 882.5993, suggesting potential upward momentum. Bollinger Bands indicate BTC is testing the upper band at $111,291.93, which could signal overbought conditions if breached decisively. Sophia notes that holding above the middle band ($105,937.13) maintains the bullish structure, with $100,582.32 acting as key support.
Market Sentiment Turns Positive as Bitcoin Breaks Key Levels
BTCC analyst Sophia highlights improving market sentiment as bitcoin reclaims $90K amid positive catalysts. News of Metaplanet’s 330 BTC purchase and speculation about Trump-era Fed policy changes are fueling bullish narratives. While mining sector challenges persist, Sophia observes that derivatives market developments (24/7 trading consideration) and BTC’s outperformance versus Nasdaq reflect growing institutional confidence. The current breakout appears supported by both technicals and fundamentals.
Chart of the Week: Dire Picture for BTC Miners
A key metric used to gauge BTC miner revenue, hashprice, is currently hovering near a five-year low, according to HashRate Index. The metric, which represents the income miners can expect per unit of computing power (denoted by per petahash or PH/s), is currently at $44.00 PH/s, slightly above its August 2024 low. Despite the higher BTC price, currently trading around $84,000, miner revenue is dwindling due to the recent halving event that cut rewards by half, painting a dire picture of the mining industry as a whole.
Metaplanet Buys Another 330 BTC
Publicly-listed Metaplanet announced fresh Bitcoin (BTC) purchases on Monday as BTC went above $87,300, reversing last week’s loses. Metaplanet picked up 330 BTC bringing its overall holdings to 4,855 BTC, worth over $420 million. This is the Japanese firm’s third bitcoin purchase this month, even as broader markets reel from tariff concerns amid a general lack of optimism. Earlier this month, Metaplanet became the tenth-largest public holder of BTC. Additionally, Fashion brand ANAP Holdings purchased approximately 16.6591 BTC, valued at around 200 million yen (approximately $1.4 million), last week.
Bitcoin Breakout Lifts Market Sentiment
Bitcoin’s decentralized nature empowers individuals by facilitating peer-to-peer transactions without government interference. Recent reports of President Trump exploring ways to remove Jerome Powell as Fed Chair led to market reactions, including a sell-off in the dollar and U.S. stock futures. Bitcoin’s censorship-resistant qualities are highlighted in this context.
Bitcoin Holding Near $87k Amid Stock Market Slump
Bitcoin (BTC) is trading near $86,800, up 2.3% in the last 24 hours, even as the broader stock market declines. The CoinDesk 20 Index has also risen 1.17%, mainly due to bitcoin. Crypto-linked stocks such as Coinbase (COIN) and Strategy (MSTR) are relatively stable, while major Bitcoin miners are down between 2% and 3%.
Bitcoin May Benefit from Trump Firing Powell, Turkey’s Lira Crisis Offers Insights
The U.S. dollar and Wall Street have declined, but Bitcoin remains strong. If President Trump fires Federal Reserve Chairman Jerome Powell, the shift away from USD towards assets like BTC and stablecoins could accelerate. Turkey’s lira crisis, triggered by interference in the central bank, has led to capital flight into BTC and stablecoins.
U.S. Derivatives Watchdog Considers 24/7 Trading for Crypto Derivatives
The Commodity Futures Trading Commission (CFTC) is seeking public comments on whether it should allow around-the-clock trading for derivatives of Bitcoin and potentially other digital assets. This move comes amidst ongoing efforts by Congress to establish industry rules, with the CFTC expected to play a key role in regulating the crypto market. The agency cited technological advancements and market demand as factors pushing regulated firms towards 24/7 transaction handling.
Bitcoin and Euro Options Signal Strength Against Dollar
Options linked to Bitcoin (BTC) and the euro-dollar (EUR/USD) exchange rate are indicating strength against the U.S. dollar despite a downturn in the U.S. stock market. Bitcoin’s short- and near-dated risk reversals are slightly positive, indicating a bullish bias. Similarly, the one-month EUR/USD risk reversal has flipped to positive, demonstrating a favorable outlook for EUR call options.
Bitcoin Closing In on Historic Breakout vs Nasdaq
Bitcoin is on the brink of breaking out relative to the Nasdaq 100 Composite, with the BTC/Nasdaq ratio currently at 4.96. This indicates it now takes nearly five Nasdaq units to equal the value of one Bitcoin. The previous record of 5.08 was set in January 2025, when Bitcoin hit its all-time high of over $109,000. Historically, each market cycle has seen the ratio reach new highs, highlighting Bitcoin’s continued outperformance against the Nasdaq. Across multiple timeframes, Bitcoin is increasingly diverging from U.S. tech stocks. Year-to-date, Bitcoin is down just 6%, compared to the Nasdaq’s 15% decline. Since Donald Trump’s election victory in November 2024, Bitcoin has rallied 30%, while the Nasdaq has fallen 12%.
Crypto Daybook Americas: Bitcoin Reasserts Itself Amid Market Turbulence
Global markets are currently experiencing significant turbulence, with the classic portfolio of 60% equities and 40% bonds no longer offering the same protection. As stocks and bonds fall, Bitcoin (BTC) is reasserting itself as a potential safe haven. Gold has also hit a record high. The geopolitical tension ignited by tariffs, stubborn inflation, and slowing growth have contributed to this market volatility.
Bitcoin Mining Firms Try to Game U.S. Customs Controls
Some Bitcoin mining firms are undervaluing mining rig shipments with U.S. Customs to reduce duties. The Trump administration’s tariff hikes have made these attempts more relevant. Jill Ford of BitFord Digital revealed that industry members often declare lower values on packages to avoid paying import charges, although she warned it was risky.
Bitcoin Rises to $90K
Bitcoin surged to $90,000 for the first time since March 7, adding more than 5% in the past five days. The paths of the largest cryptocurrency and traditional equities diverge, as the S&P 500 has slipped below 5,200 points since trading above 5,700 on March 7. Despite the recent bounce, Bitcoin remains down more than 5% year to date but has recovered significantly from its April 8 low. The cryptocurrency was down nearly 20% on the year at that point.
