Bitcoin Price Breakout Confirmed As Spot Market Defies Short Term Risks
By: bitcoin ethereum news|2025/05/04 04:45:01
0
Share
Bitcoin (BTC) price is showing renewed strength as it continues to push higher through key resistance levels. The price action confirms a breakout pattern that mirrors previous major rallies. Bitcoin price is trading above $94,000, supported by strong spot buying and rising institutional interest. Bitcoin Price Breaks Key Levels as Volume and Structure Support Bullish Case The Bitcoin price action has shown a series of higher lows and higher highs since the beginning of April. Trading volumes have risen steadily after each consolidation, indicating growing demand from both retail and institutional participants. A connecting bullish trend line is visible with support near $94,200 on the hourly BTC price chart. Data from TradingView confirms that Bitcoin has remained above its 100-hourly simple moving average, showing clear strength. Analysts note that if Bitcoin clears the $95,500 resistance zone, the next target could be $96,250, followed by $97,500 and $98,800. The hourly MACD was gaining momentum in the bullish zone at press time. Moreover, the hourly RSI was above the 50 level. Short-term pullbacks remained shallow. The immediate support was at $94,200, and stronger support was at $93,500. Institutional Buyers Add Bitcoin Despite Short-Term Risks Major buyers have increased their Bitcoin exposure, further supporting the breakout. Strategy, led by Michael Saylor, announced the purchase of 15,355 BTC in April. The total cost was $1.42 billion, with an average price of $92,737 per Bitcoin. Saylor confirmed on X, “As of April 28, we hodl 553,555 BTC acquired for approximately $37.90 billion at $68,459 per Bitcoin.” This move increased Strategy’s Bitcoin holdings by 3%, pushing the total value of its holdings to more than $50 billion. $MSTR has acquired 15,355 BTC for ~$1.42 billion at ~$92,737 per bitcoin and has achieved BTC Yield of 13.7% YTD 2025. As of 4/27/2025, we hodl 553,555 $BTC acquired for ~$37.90 billion at ~$68,459 per bitcoin. https://t.co/5OOs3UdWLg — Michael Saylor (@saylor) April 28, 2025 According to Strategy’s Form 8-K filing, its Bitcoin yield stands at 13.7% year-to-date. The company aims to reach a 15% Bitcoin yield target by 2025. Market observers note that the company’s stock, currently trading at $368.7, could continue to benefit from Bitcoin’s momentum. Short-Term Reversal Risks Remain, But Quarterly Bullish Structure Prevails There are some concerns due to the FOMC meeting scheduled on May 7, which has created some apprehensions among some traders. Banking on the past performance of the Bitcoin market, it is seen that the prices have traded reversely near the FOMC dates. That occurred because of the change in the sentiment of investors. It has been explained by the renowned Analyst @astronomer_zero, who noted that FOMC events lead to local retracement, even on an uptrend. However, he emphasized that the current quarterly move is based on higher time frames. Those time frames are typically more powerful than intra-month reversals. He wrote, “The quarterly move is spot-driven, powerful, and outweighs the short-term FOMC risks.” $BTC Data analysis & our big long positions Will $BTC top out around at the start of May? Alright, price at 95k which is slightly up from our entry of our big long position we took a few days ago now (shown on the screen). It seems as if the world is against us for this one,... pic.twitter.com/Ay9N6e8TXK — Astronomer (@astronomer_zero) April 28, 2025 The market is also seeing stubborn spot-driven moves, with negative funding rates and local pullbacks creating stronger bases for higher prices. Data shows that sudden spot premium shifts have supported continued upward pressure on Bitcoin. Macro Environment Supports Bitcoin Price’s Ongoing Strength The macroeconomic environment further supports the growth of Bitcoin at a higher level. The global M2 money supply expansion, the rising institutional interest, and the scarcity theory have made more people invest in the asset. Colin Talks Crypto shared, “Pump confirmed by Global M2, Tether dominance, and Bitcoin price chart TA.” His analysis supports the view that Bitcoin price could reach new all-time highs in the coming months. Standard Chartered’s Geoff Kendrick also predicted that Bitcoin price could hit $120,000 in the second quarter. He added that he expects Bitcoin to reach $200,000 by the end of 2025 if current trends continue. Meanwhile, long-term holders are tightening supply by refusing to sell into strength, adding pressure on available liquidity. With large inflows into Bitcoin-associated ETFs and companies like Strategy continuing aggressive accumulation, Bitcoin’s bullish case remains intact. Market participants will watch the $95,500 resistance zone closely. A successful breakout above this level could lead to strong continuation toward $98,800 and beyond. Immediate support Bitcoin price remains at $94,200 and $93,500, cushioning any local retracements. Source: https://www.thecoinrepublic.com/2025/05/03/bitcoin-price-breakout-confirmed-as-spot-market-defies-short-term-risks/
You may also like

The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
The living space is constantly being compressed.

Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.

The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.

ETH has entered a non-consensus phase, and the turning point is approaching!
This has nothing to do with the Ethereum Foundation or Ethlabs; Ethereum needs to win by solving real problems.

Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.

What is your view on Binance's competitive advantages?
When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?

I never expected that the first application of AI x Crypto would be in security auditing
AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.

Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...

Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25

Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
Overview of Important Market Events on June 24

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends
The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.

Former SpaceX engineer reconstructs the financial execution system using first principles
Plan Execution Lab completes angel round financing for Singapore family office, with a valuation of 50 million USD.

Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD
The throne of DeFi lending still exists, but the foundation beneath the throne needs to undergo a reconstruction or reinforcement.

Tidal Investment: We still have a positive outlook on the AI industry chain, but the reasons have changed
The intense financing by tech giants has triggered a panic of "AI peak," but the soaring capital expenditures of the five major cloud vendors and the bottlenecks in physical infrastructure indicate that the AI investment cycle is far from over; the second half of this grand performance has just begu...
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
The living space is constantly being compressed.
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.
ETH has entered a non-consensus phase, and the turning point is approaching!
This has nothing to do with the Ethereum Foundation or Ethlabs; Ethereum needs to win by solving real problems.
Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.
What is your view on Binance's competitive advantages?
When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com

