Bitcoin (BTC) is showing strong signs of a renewed bull run, with price surging past $87,000 in April 2025 and key on-chain metrics pointing to growing institutional and whale accumulation. As technical indicators align and market sentiment shifts, analysts are increasingly confident that a breakout toward $100,000 could unfold by May. With altseason momentum building and macroeconomic trends favoring hard assets, Bitcoin’s trajectory is capturing global attention.
Bitcoin Breaks Key Resistance, Targets Six Figures
In a decisive move on April 21, Bitcoin climbed above $87,000, breaking out of a consolidation phase that had persisted since early March. The surge—driven by over $3,000 in single-day gains—marked the highest price level since March 28 and signaled a shift in market dynamics.
A critical technical milestone was achieved as BTC reclaimed the 50-day exponential moving average (EMA50) at approximately $85,400, turning it from resistance into support. This shift has been closely monitored by traders, including crypto analyst Captain Faibik, who emphasized the importance of a daily candle close above the EMA50 to confirm bullish momentum.
“Hopefully, the daily candle will close above the EMA50 (85.4k),” he noted on social media.
Since bottoming near $75,000 on April 9, Bitcoin has gained over 16%, narrowing the gap to its all-time high to just 20%. This upward momentum has reignited speculation that a six-figure price target is not only possible but increasingly probable within the next few weeks.
👉 Discover how market momentum is fueling Bitcoin’s next major breakout.
Whale Accumulation Signals Strong Institutional Confidence
One of the most telling signs of a maturing bull market is the behavior of large holders—commonly referred to as "whales." As of April 15, the number of Bitcoin addresses holding more than 1,000 BTC reached 2,107, the highest level since December 2023. This marks an increase of over 60 whale wallets in less than two months, rising from 2,037 in late February.
This accumulation trend mirrors activity seen during the late 2023 rally following major geopolitical events, a period when Bitcoin reached cycle highs before a brief pullback. The current wave of buying suggests that large players anticipate significant upside ahead.
Crypto trader 0xNobler echoed this sentiment, stating, “Whales are accumulating massive amounts of Bitcoin—they know what comes next.”
Further reinforcing this view, on-chain data reveals that whale accumulation is now exceeding 300% of Bitcoin’s annual issuance rate. At the same time, Bitcoin reserves on exchanges continue to decline, reducing available supply in the spot market and increasing upward pressure on price.
Market Defies Bearish Predictions as Bullish Structure Strengthens
Despite earlier bearish forecasts—some analysts had predicted a retest of $83,000 during the Easter period—Bitcoin has defied expectations and maintained its upward trajectory. Order book imbalances that once favored downside movement have been neutralized, and bulls have regained full control.
Technical analysis from Rekt Capital highlights that Bitcoin not only broke out of its recent downtrend but also successfully retested the former resistance line as support—a classic pattern preceding strong rallies. This structural confirmation adds credibility to the bullish case.
Even as traditional markets showed weakness—Nasdaq futures dipped 1% on April 21—Bitcoin surged 2.4%, underscoring its growing decoupling from broader tech equities. Market commentator Scott Melker, known as “The Wolf of All Streets,” pointed to this divergence as evidence of Bitcoin’s strengthening fundamentals.
“Bitcoin is no longer just a speculative asset—it’s becoming a resilience play,” Melker observed.
Altseason Gains Momentum Amid Shifting Investor Sentiment
As Bitcoin stabilizes near record highs, investor attention is beginning to shift toward altcoins. The narrative of an emerging "altseason" is gaining traction, with traders anticipating capital rotation from BTC profits into high-potential smaller-cap projects.
Crypto analyst 0xNobler made headlines with a bold prediction: “The Golden Bull Run starts next week. $BTC will hit $200,000 and many altcoins are set to pump 150–200x.” While such projections remain speculative, they reflect rising confidence in the broader market cycle.
Investors are increasingly allocating to low-cap tokens, betting on outsized returns once momentum spreads across the ecosystem. This shift is supported by improving on-chain activity and growing exchange inflows into altcoin trading pairs.
Additionally, Bitcoin’s correlation with gold has strengthened—a signal often interpreted as growing demand for non-sovereign, hard assets. According to The Kobeissi Letter, both gold and Bitcoin are now reflecting weakening U.S. dollar strength and rising inflation hedging demand.
“Gold has hit its 55th all-time high in 12 months, and Bitcoin is officially joining the run.”
Institutional Outlook Remains Strongly Bullish
Long-term conviction among major players remains intact. Glassnode data shows that entities holding over 10,000 BTC are still in accumulation mode—a strong indicator of institutional confidence.
Titan of Crypto highlighted that Bitcoin has now filled its most critical CME futures gap at the weekly level. Historically, such gap closures followed by price rejection from that zone have preceded significant upward moves.
“The next liquidity magnet is likely higher,” he stated on April 20.
Michaël van de Poppe has maintained a bullish stance as long as Bitcoin holds above $80,000—a threshold that has now become a key support level. With M2 money supply trends aligning with past cycle breakouts, many analysts believe favorable macro conditions are converging to support higher prices.
👉 See how institutional flows are shaping the next phase of the bull market.
Frequently Asked Questions (FAQ)
Q: What is triggering Bitcoin’s recent price surge?
A: The surge is driven by a combination of technical breakout above EMA50 resistance, strong whale accumulation, declining exchange reserves, and growing institutional confidence.
Q: Is a $100K Bitcoin price realistic by May 2025?
A: Yes—given current momentum, on-chain trends, and historical patterns, many analysts believe a test of $100K is within reach by May if support levels hold.
Q: What does whale accumulation indicate for the market?
A: When large holders accumulate, it typically signals long-term confidence and reduced sell-side pressure, often preceding major price rallies.
Q: How is altseason related to Bitcoin’s performance?
A: Altseason usually follows a strong Bitcoin rally. As BTC stabilizes at high levels, traders take profits and rotate capital into altcoins, driving broader market momentum.
Q: Why is Bitcoin decoupling from stock markets?
A: Increasing adoption as a macro hedge against inflation and dollar weakness is helping Bitcoin behave more like digital gold than a tech stock.
Q: What role do CME futures gaps play in price action?
A: These gaps represent unfulfilled price levels where institutional orders cluster. When filled and rejected, they often act as springboards for further upside.
👉 Explore real-time data and tools to track the next leg of Bitcoin’s rally.
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With technical structure, on-chain fundamentals, and macro trends all aligning, Bitcoin appears poised for a pivotal moment in Q2 2025. Whether the $100K milestone is reached by May or shortly after, one thing is clear: the whales are back—and they’re betting big on what comes next.