Bitcoin is back on the move and is on the brink of making history again. At the time of publication, the BTC price is hovering around $109,418.91, up 3.62% since yesterday. Successively, its market cap has risen to $2.17 trillion, while the daily trading volume has surged by over 46%. With Bitcoin now just a few percentage points away from surpassing the current ATH, marketers are stressing out on one single question: Will Bitcoin price hit the ATH in the next 24 hours? Let us decode the quest in this Bitcoin price analysis.
Bitcoin (BTC) Price Analysis: What’s Next?
Bitcoin’s current pace is boosted by consecutive breakouts above crucial resistance levels. It is worth noting that, once BTC price crossed $106,500, it quickly rallied to the $110,000 mark, a move that analyst Michael Van de Poppe rightly anticipated. According to him, the breakout above $108,900 accelerated price action further, with a peak now seen at $110,561.
A brief sideways trend, as seen in the past, typically follows such parabolic moves. This could mean Bitcoin might hover near current levels or slightly correct before launching toward new highs. The RSI on the hourly chart hints at temporary exhaustion, but the structure remains bullish.
The ideal zone to buy remains between $107,000 and $108,000, a support area noted for strong continuation potential. Liquidity pools below $105,500 could also serve as a bounce region if prices retrace further. If current momentum sustains and dips remain shallow, Bitcoin breaching ATH levels within the next 24 hours is not just possible, but highly probable.
Volatility has not cleared in the broader digital currency ecosystem, as showcased by the trend in the price of Bitcoin (BTC). Over the past 24 hours, Bitcoin’s price has displayed a unique twist that might finally change its trajectory.
While both bulls and bears swerve BTC volatility, Gold has shown mainly a bullish divergence. Current market data shows the precious metal has soared to another All-Time High (ATH).
Gold vs Bitcoin: Winner Declared?
Since the inception of Bitcoin, the rivalry between both assets has only grown over the years. However, in the short term, Gold appears to win the battle on several fronts. The asset has maintained a relative growth of 3.23% in the past 24 hours. Gold added over $103 to its price to print another high of $3,326.76.
Bitcoin price has not recorded a similar complementary growth. Over the past 24 hours, the coin has printed just a 0.25% uptick as of writing, with a spot price of $85,147.34.
With the US-China tariff war and accompanying uncertainty, the debate on which asset can serve as a hedge against inflation has grown. Gold has maintained a steady growth path despite traditional assets fluctuating, reinstating its stance as a viable store of value.
Bitcoin Price Lagging Behind
Since BTC recorded an ATH above $109,114, it has fallen as much as 22.2% per CoinMarketCap data. Despite intense institutional inflow from firms like Strategy and Metaplanet, the market sentiment has not changed.
The challenge faced mostly by the BTC price is the displayed volatility. Over the past 24 hours, the coin has traded within three distinct extremes. These include its opening price of $84,900, a midday low of $83,185, and its current price of $85,332.
Its volatility has attracted backlash from critics like Peter Schiff. As reported earlier, Schiff claims BTC is in a major bear market as the $88,000 resistance point has been a hard line to break. Despite this, key proponents are optimistic that the price of Bitcoin can surmount current drawdowns to print massive rallies ahead.
How High Can BTC Go?
It is unknown how long the current Bitcoin price consolidation will last before it breaks out like Gold. However, the coin’s core proponents are convinced a major breakout is lurking ahead.
Bitwise CIO Matt Hougan once predicted a $1 million target for coin at the cycle’s peak. He argued that the current economic outlook might fuel short-term underperformance for the asset, but he noted a boom ahead.
Ultimately, BTC has maintained support at $83,000 in the short term, providing investors a cushion.
Bitcoin (BTC) broke above the $90,000 mark for the first time since March 5, as momentum indicators flash increasingly bullish signals. The latest surge comes alongside a sharp rise in ADX, a bullish Ichimoku Cloud formation, and EMA alignment favoring continued upside.
With buying pressure outweighing selling activity and ETF inflows hitting a three-month high, market sentiment is leaning in favor of the bulls. If resistance is breached, BTC could open the path toward $100,000, reinforcing its role as a hedge amid broader market uncertainty.
Bitcoin Bulls Regain Control as ADX Signals Strengthening Uptrend
Bitcoin’s Directional Movement Index (DMI) is signaling a significant shift in momentum, with its ADX rising sharply to 29.48 — up from just 15.3 two days ago.
The ADX, or Average Directional Index, measures the strength of a trend regardless of its direction. Readings below 20 indicate a weak or sideways market, while values above 25 suggest a strong trend is forming.
Looking deeper into the DMI components, the +DI (positive directional indicator) currently stands at 30.99 — nearly doubling from 15.82 two days ago, though slightly down from its 37.61 peak yesterday.
This suggests that while buying pressure surged recently, it has eased slightly in the last 24 hours. Meanwhile, the -DI (negative directional indicator) has dropped sharply to 10.86 from 22.48, indicating a clear weakening of selling pressure.
The combination of a strong ADX and a high +DI versus a declining -DI implies that bulls are currently in control. If the trend holds, Bitcoin may continue its upward trajectory in the short term.
Bitcoin Trend Strengthens With Clear Bullish Momentum Signal
Bitcoin’s Ichimoku Cloud chart is showing clear bullish signals. Price action is well above the Kumo (cloud), indicating strong upward momentum.
The Tenkan-sen (blue line) remains above the Kijun-sen (red line), reinforcing the short-term bullish bias. The gap between them continues to widen, a sign of strengthening momentum.
Additionally, the future cloud (Senkou Span A and B) is angled upward. This suggests that the bullish trend could persist if current conditions hold.
The Chikou Span (green lagging line) is also positioned above the price candles and the cloud, confirming trend alignment from a lagging perspective.
Together, these elements point to a healthy uptrend, with no immediate signs of reversal unless a strong breakdown below the Tenkan-sen or the cloud emerges.
Bitcoin Eyes New Breakouts as Bullish Momentum Builds
Bitcoin’s EMA lines are bullish, with short-term averages positioned above the longer-term ones, signaling strong upward momentum.
Bitcoin’s price is approaching a key resistance level at $92,920. A breakout above this zone could open the door for further gains.
The current structure suggests that bulls remain in control, as long as support levels are respected and upward momentum persists.
According to Tracy Jin, COO of crypto exchange MEXC, Bitcoin’s recent performance has been reviving its label as “digital gold”:
“Bitcoin’s recent strength in the face of market-wide volatility is reviving its long-dormant status as a “digital gold.” With U.S. equities slipping back to tariff-era lows and the dollar plunging to a three-year nadir, Bitcoin’s ability to post gains is reshaping investor perception.” Jin told BeInCrypto.
A break below this level would weaken the structure and increase the chances of deeper corrections. The next key areas to watch are $86,532 and $83,133.
Cardano (ADA) has recently struggled to breach a key barrier despite the support of large investors and improving market conditions.
The price of ADA remains below critical resistance levels, but with whales accumulating significant amounts of ADA, the altcoin’s breakout potential seems promising. If market conditions continue to improve, Cardano could see a positive shift in price momentum.
Cardano Whales Are Optimistic
Whale activity was strong in April, with addresses holding between 10 million and 100 million ADA and purchasing over 420 million ADA, worth approximately $289 million, bringing their holdings to 12.89 billion ADA from 12.47 billion ADA. This consistent accumulation by the largest holders of Cardano is a significant indicator of confidence.
Whales play a key role in ADA’s potential price movements, and their continued accumulation suggests that they believe in the asset’s long-term value. The large-scale accumulation could help shift market sentiment in a positive direction. As the most influential ADA holders increase their positions, the likelihood of a price surge rises.
Cardano’s overall momentum is showing signs of improvement, especially with technical indicators such as the Relative Strength Index (RSI). Currently, the RSI is at a near two-month high and sits in the positive zone above the neutral mark of 50.0. This indicates growing bullish momentum, driven by both the accumulation of ADA by whales and broader market conditions.
Improving market conditions and the strong RSI reading suggest that Cardano’s price may soon experience a significant rise. This technical strength, supported by whale activity, sets the stage for ADA to break through its key resistance levels, potentially leading to more widespread adoption and price appreciation.
Cardano’s price is currently at $0.69, just below the support of $0.70, which it had been holding earlier this week. The altcoin fell slightly after failing to breach the $0.74 resistance level. The inability to break past this level has kept ADA trapped in a tight range, though a breakthrough remains possible if the market continues to improve.
The $0.74 resistance has been a key barrier for ADA for over five weeks. However, with whales continuing to accumulate and macro indicators showing strength, Cardano could soon push past $0.74 and potentially rise toward $0.80. A successful breach of $0.74 would signal the beginning of a more sustained bullish trend.
If ADA fails to maintain its position above the $0.66 support, confidence among whales could start to wane. A further decline toward $0.60 would hurt the bullish outlook, potentially leading to a deeper correction. Such a move would invalidate the positive sentiment and delay any potential for ADA to reach higher price targets.
