Bitcoin (BTC) on Track for $155K Rally, But Price Must Stay Above Key Threshold
Despite a turbulent market this April due to tariff-related tensions sparked by U.S. President Donald Trump, Bitcoin (BTC) has experienced a remarkable surge of over 14% so far this month, following easing geopolitical concerns.
Currently trading above $94,000, experts believe Bitcoin could continue its upward trajectory, with many forecasting the potential for a $155,400 rally. However, this optimistic outlook hinges on the asset maintaining a crucial price level above $91,400.
Pi Cycle Indicator Points to Continued Growth
The Pi Cycle Top indicator suggests that Bitcoin is on track to reach new all-time highs, potentially surpassing $155,000, provided it sustains above the $91,400 threshold. According to popular crypto analyst Ali Martinez, if Bitcoin holds this key level, it could set the stage for even more substantial gains.
Martinez’s analysis also highlights a significant uptick in accumulation activity, with the Accumulation Trend Score nearing 1—a clear signal that long-term holders are increasing their confidence in Bitcoin’s future potential.
Strong Investor Confidence and FOMO
Large-scale investors are also making their mark, with nearly 100 new entities holding over 1,000 BTC since late January. Alongside institutional interest, Bitcoin is experiencing a surge of retail FOMO (fear of missing out), potentially signaling a pivotal moment in its market cycle after a period of uncertainty.
Bitcoin’s Growing Role as a Non-Sovereign Store of Value
As global markets look for alternatives to traditional financial systems, Bitcoin is gaining renewed attention as a non-sovereign store of value. According to New York Digital Investment Group (NYDIG), this shift is still in its early stages, but Bitcoin is increasingly being recognized for its role as a resilient asset during uncertain times.
Greg Cipolaro, NYDIG’s global head of research, noted that Bitcoin has begun to decouple from traditional risk assets, becoming more aligned with its original purpose—acting as a store of value rather than a speculative trading instrument.
