Bitcoin (BTC) May Climb to $155K, Provided Prices Remain Above This Threshold

This April has seen considerable market volatility driven by tariff-related actions from the U.S. administration. Despite this, Bitcoin has experienced a remarkable increase of over 14% this month as tensions have subsided.

Trading above $94,000, Bitcoin is showing signs of potential further advancement, as analysts note rising confidence among investors.

Pi Cycle Indicator Suggests Positive Trend

The Pi Cycle Top indicator indicates that Bitcoin might attain a peak of $155,400. This projection hinges on the asset maintaining a price above $91,400. Should it remain within this range, crypto analyst Ali Martinez believes further upward movement is likely.

Martinez’s analysis highlights that the Accumulation Trend Score is nearing 1, reflecting robust accumulation and strong conviction from long-term investors, indicating increasing faith in Bitcoin’s future value.

Large institutional investors have shown heightened interest, with nearly 100 new entities amassing over 1,000 BTC joining the network since late January. In addition to these significant players, retail investors are also entering the market, possibly indicating a pivotal moment following a period of uncertainty.

Alternative Store of Value

As investors globally look beyond conventional financial systems, Bitcoin is drawing increased interest as a non-sovereign store of value, per insights from a recent report by New York Digital Investment Group (NYDIG).

While the correlation is still developing, Bitcoin is beginning to fulfill its intended role as a reliable asset during uncertain periods. This evolving viewpoint is gradually gaining traction among traditional market participants, according to NYDIG, despite having been long recognized by Bitcoin proponents.

Greg Cipolaro, NYDIG’s head of research, noted “subtle shifts” in Bitcoin’s dynamics over recent weeks, observing that its separation from conventional risk assets is still nascent, but increasingly apparent.

“Bitcoin has started to behave less like a liquid leveraged version of U.S. equities and more like the non-sovereign store of value it is meant to be.”