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BTC Price Prediction: Bullish Momentum Builds as Key Indicators Align

BTC Price Prediction: Bullish Momentum Builds as Key Indicators Align

Published:
2025-05-29 11:56:00
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BTC Technical Analysis: Bullish Signals Emerge Amidst Market Volatility

According to BTCC financial analyst Olivia, Bitcoin (BTC) is currently trading at 108,019.15 USDT, above its 20-day moving average (MA) of 106,408.0560, indicating a potential bullish trend. The MACD histogram shows a positive divergence at 791.0261, suggesting growing upward momentum. Additionally, the price remains within the Bollinger Bands, with the upper band at 111,503.2704 acting as a resistance level. Olivia notes that if BTC sustains above the 20-day MA, it could target the upper Bollinger Band, reinforcing a bullish outlook.

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Market Sentiment Mixed as Institutional Interest Grows Amid Regulatory Shifts

BTCC financial analyst Olivia highlights a mix of bullish and cautious signals in the market. Positive developments include Germany’s ruling party reversing its stance on crypto, BlackRock’s $38 million BTC purchase, and increasing corporate bitcoin adoption in Q1. However, risks remain, such as high market volatility, China’s crypto sell-off, and reduced whale long positions. Olivia emphasizes that while net taker volume and global M2 money supply support a bullish case for new all-time highs above $100,000, traders should monitor regulatory actions and open interest levels for confirmation.

Crypto Comeback? Germany’s Next Ruling Party Reverses Its Stance.

Germany’s Christian Democratic Union (CDU) has drastically changed its stance on cryptocurrency, shifting from a critic to an advocate ahead of forming the country’s new government. Once a leader in advocating hardline regulations against digital assets, the CDU now aims to transform Germany into a Bitcoin business hub. This new path came following the CDU’s victory in Germany’s February 23 elections. A party representative emphasized the importance of cryptocurrencies, stating that they introduced an Agenda 2030 in January 2025 to commit to shaping Germany’s approach to digital assets.

Bitcoin Market Risk Stays High Despite Recent Drop

Bitcoin is facing a critical test as global markets remain volatile and macroeconomic tensions escalate. After weeks of price swings and uncertainty, BTC is trading above the $85,000 level. Momentum appears to be building, but the real test lies ahead: reclaiming the $90,000 mark to confirm a recovery and shift broader sentiment. Despite the recent bounce, the market environment remains fragile. CryptoQuant insights reveal that market risk is still elevated, even as Bitcoin’s price attempts to stabilize. According to their latest data, only 24% of the circulating supply is currently in an unrealized loss — a relatively low figure when compared to previous major corrections.

Bitcoin Net Taker Volume Signals Bullish Momentum

Bitcoin is holding firm above the $85,000 mark, signaling early signs of a recovery. The renewed momentum follows a 90-day tariff pause announced by U.S. President Donald Trump for all countries except China. This announcement injected optimism into global markets, with Bitcoin responding positively. Now, BTC is eyeing a breakout above critical supply levels near $87K–$90K, which could mark the beginning of a broader uptrend if breached with volume. According to CryptoQuant, bulls have taken control of the derivatives market, favoring upward momentum.

Bitcoin Adoption Grows As Public Firms Raise Holdings In Q1

Public companies have added nearly 100,000 Bitcoin to their balance sheets during the first quarter of 2025, pushing total corporate Bitcoin holdings to a staggering 688,000 BTC worth $56.7 billion. According to data from crypto fund issuer Bitwise, this represents a 16% increase in total crypto holdings by publicly traded companies. Twelve new public companies purchased Bitcoin for the first time during Q1, bringing the total number of Bitcoin-holding public firms to 79. Hong Kong construction firm Ming Shing led new buyers, with its subsidiary Lead Benefit acquiring 833 BTC through two separate purchases.

Bitcoin Vs. Global M2 Money Remains Bullish To Push Price To New ATH Above $100,000

Crypto analyst Colin has assured that Bitcoin against the Global M2 money supply continues to be bullish. Based on this, he predicts that Bitcoin will soon blast past $100,000 and rally to a new all-time high (ATH) in the coming months. Colin stated that the Global M2 has remained at an all-time high for three days in a row, which he noted is a “fantastic sign” for Bitcoin and other risk assets. However, he warned that it could still take some weeks before the liquidity flows into BTC. His accompanying chart showed that Bitcoin could rally to as high as $144,000 when that happens. In the meantime, Colin predicts that there could be another dip buying opportunity.

Bitcoin’s Price Upswing Meets Reduction in Whale Long Positions

Bitcoin is experiencing renewed upward momentum, pushing it to key resistance levels. This has reignited optimism and interest in the sector. However, an analysis by FundingVest reveals that despite BTC’s price surge, whale-long positions have been decreasing, indicating a bearish sentiment among large BTC investors.

China Selling Seized Crypto to Boost Finances

Local governments in China are reportedly seeking ways to offload seized crypto due to the country’s ban on crypto trading and exchanges. The lack of clear rules has led to inconsistent and opaque approaches, raising corruption concerns. To replenish public coffers, Chinese local governments are using private companies to sell seized cryptocurrencies, primarily Bitcoin, in offshore markets for cash. At the end of 2023, local governments reportedly held approximately 15,000 Bitcoin worth $1.4 billion. These sales have become a significant source of income.

Bitcoin Open Interest Remains High Despite Price Decline

The Bitcoin open interest has stayed high despite the price falling over 20%. Data from Coinglass shows that the open interest is still above $56 billion and not far from its November 2024 highs after the BTC price hit a peak above $109,000. This suggests that interest in Bitcoin remains abundant, which is good for the crypto market in the long-term. However, some experts are concerned that the high open interest could hinder a price recovery.

CoinGecko Q1 Crypto Report Indicates Strong Market Performance Despite Volatility

CoinGecko, a leading autonomous crypto data aggregating platform, has recently released the latest report covering this year’s 1st quarter. The report signifies a resilient performance throughout the first quarter amid heightened volatility driven by political developments and macroeconomic factors. However, the cumulative drop in the total crypto market cap accounted for 18.6% in 2025’s 1st quarter, after the year-to-date high spot of $3.8T. Bitcoin is also mentioned, seeing a meteoric rise.

Semler Scientific Settles DOJ Case, Plans Bitcoin Expansion

Semler Scientific, a medical tech firm reported to hold substantial amounts of Bitcoin, has settled with the United States Department of Justice (DOJ) for $29.75 million. This agreement aims to end allegations that the firm violated federal anti-fraud laws. The settlement details and further plans of the company, including its Bitcoin expansion, are awaited with interest in the cryptocurrency community.

Bitcoin: BlackRock Buys $38 Million Worth of BTC

According to Farside Investors, BlackRock’s Bitcoin (BTC) ETF, IBIT, purchased $38.2 million worth of BTC on Apr. 15. The world’s largest asset manager had earlier bought $36.7 million worth of BTC on Apr. 14. BTC’s price witnessed a rally on both days of BlackRock’s BTC buying spree. BTC’s price fell to below $75,000 during the market crash earlier this month, likely due to the US imposing tariffs on multiple trade partners. The original cryptocurrency recovered after President Trump announced a 90-day tariff pause on all countries except China.

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