News View Non-AMP

Bitcoin Price Poised for 10% Spike: Analysts Predict ATH by Month’s End

Published by
Nidhi Kolhapur

Bitcoin’s (BTC) price is preparing to close above 2021’s all-time high (ATH) in a monthly candle for the first time. Having entered the price discovery phase of the macro bull run, the flagship coin is expected to continue in an uptrend in the long haul. 

Moreover, the highly anticipated Bitcoin halving is about three weeks from happening, reducing the daily supply from 900 BTCs to 450 coins. 

Bitcoin Whales on the Move

After taking a breather last week, Bitcoin whales have increased their accumulation pace since Monday. According to the latest weekly report from CoinShares, more than $940 million was withdrawn from crypto investment products last week, led by Bitcoin. However, market data provided by Santiment shows that Bitcoin whales have accumulated more than 100,000 BTCs in the past seven days, around $7 billion.

Traders’ Optimism

The cryptocurrency market anticipates an inevitable breakout after Gold and major indexes led by the S&P 500 broke out to reach new all-time highs (ATH). Furthermore, the correlation between Bitcoin, the altcoin industry, precious metals, and stock indexes remains high amid institutional investors’ mainstream adoption of the web3 sector.

Remarkably, Bitcoin’s funding rate ratio spiked to a two-week high, thus signaling an imminent bullish breakout.

Bitcoin Price Midterm Targets

With all the factors highlighted above, there is a decent chance for the Bitcoin price to reach a new ATH before the end of this month. According to a technical analysis by a popular analyst Ali Martinez, Bitcoin price is on the cusp of a 10 percent spike to $77,000 after breaking out of a bullish flag in the past 24 hours.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

Why XMR Price Surging Today – Key Reason Behind It

Monero (XMR), known for its focus on privacy and anonymity, has surged nearly 50%, reaching…

April 28, 2025

Top Token Unlock Upcoming This Week- Is a Major Volatility on the Horizon?

The crypto markets are getting stronger and stronger as Bitcoin sustains strongly above the gains.…

April 28, 2025

Cardano Price Prediction: Hoskinson Predicts $3, $5 and $10 ADA Soon

Charles Hoskinson, the founder of Cardano, has made bold predictions for ADA. According to him,if…

April 28, 2025

Suspicious Bitcoin Transfer Triggers 50% Surge in Monero Price

Around nine hours ago, 3,520 $BTC, worth approximately $330.7 million, was suspiciously transferred from a…

April 28, 2025

Vitalik Buterin Responds to Charles Hoskinson’s Ethereum Criticism with Layer-Zero Update

Ethereum, one of the most widely used blockchain platforms, has faced increasing scrutiny over its…

April 28, 2025

Chamath Palihapitiya Highlights 5 Key Trends Fueling Crypto Growth in 2025

After Donald Trump returned to office with a pro-crypto stance, crypto deal-making has exploded in…

April 28, 2025