Bitcoin has recently skyrocketed all the way up to over $93,000, reaching its highest point in over two months. Five key factors fuel this rally. Huge inflows into U.S.-listed Bitcoin exchange-traded funds (ETFs), the calming of U.S.-China trade tensions, and renewed confidence in the Federal Reserve leadership are all playing a role in the current momentum. The bullish trend on the cryptocurrency piqued optimism among expert investors and passionate enthusiasts, fueling huge expectations. In fact, some are even forecasting even greater advances in the coming months.

Bitcoin's Bullish Momentum

BTC Bitcoin made a major breakout in yesterday’s trading session, rising by over 6.77%, retaking the $92,000 price organic. BTC/USD Over the last day Bitcoin prices have shot up close to 6% hitting $94,500. The digital asset has broken the overhead resistance of $89,000–$91,500. This upward momentum, driven by significant short liquidations amounting to $63 million and strong institutional ETF inflows, signals the start of a promising bull run.

The recent increase in Bitcoin’s price is backed by a perfect storm of technical and fundamental catalysts. With the U.S. dollar falling, investor appetite for Bitcoin ETFs has perked up. At the same time, a second investment strategy has taken root, one that resonates with what Michael Saylor has done. This renewed interest has pushed nearly $12 million in net inflows into US-listed Bitcoin ETFs on Tuesday alone. Putting it in context, this uptick was the third-highest daily inflow in 2023 for these investment vehicles.

"Bitcoin (BTC) saw a strong breakout in yesterday's session, surging by 6.77% and reclaiming the $92,000 level, fueled by a notable improvement in global market sentiment. The main drivers behind this rally were the dovish comments from U.S. President Donald Trump regarding trade tariffs, as well as his statement that he has no intention of dismissing Federal Reserve Chair Jerome Powell,” - Linh Tran, Market Analyst at XS.com

Market Optimism and Expert Predictions

The entire crypto market is catching a huge wave—mostly due to signals that the U.S.-China trade war may be thawing. Added confidence in Federal Reserve leadership is further stoking this positive fire. Bitcoin is on the rise as US-China trade war escalations start to recede. There’s fresh faith in the stewardship of the Federal Reserve. The market gained strength after US President Donald Trump indicated he had no intention of firing Federal Reserve Chair Jerome Powell.

Read on for insight from these Bitcoin specialists and their give opinions on what may lie ahead for the cryptocurrency and their predictions for future BTC price. Robert Kiyosaki, author of "Rich Dad Poor Dad," expects Bitcoin to reach $1,000,000 by 2035, driven by distrust in fiat currency, inflation hedging, and widespread adoption. Technical analysis continues to support a $100,000 price target for Bitcoin. Analysts have been looking for the next resistance level around those highs from late February.

Bitfinex analysts estimate a potential range of $145,000–$200,000 for Bitcoin, supported by historical cycle trends, moderating returns, and liquidity correlation. Cathie Wood of ARK Invest would say that’s extremely pessimistic. She forecasts $1 million by 2030, with the upward momentum beginning as soon as 2025. She makes her forecast due to a few critical indicators. These factors range from institutional growth to Bitcoin’s emerging role as a store of value to changing regulatory environments. The more conservative Bitcoin price forecast that Bernstein speculates on comes in at $200,000. This forecast is powered by record ETF inflows over $70 billion, possible pro-crypto policies in a Trump administration, and the continued halving supply shock.

Potential Corrections and Key Resistance Levels

Even with the widespread exuberance, other analysts are warning that a correction may be due. It is entirely possible that Bitcoin may trade in a range of $76,000-$95,000. The next major resistance area for BTC is between $94,000–$95,000.

"It's possible there is a $76,000-$95,000 trading range in place so the next milestone would be to break the top end of that range to see if we are 'off to the races'; there is certainly a lot of money on the sidelines currently looking for a safer place to 'stay'. BTC might just be that place." - Stephen Wundke, Director of Strategy & Revenue at Algoz

"There is no doubt dollar weakness caused by the Trump administration attack on the Federal Reserve and in particular Chairman Powell, has contributed to the rise of BTC this week but this is just one such catalyst." - Stephen Wundke, Director of Strategy & Revenue at Algoz

"The appointment of SEC Head Paul Atkins and his crypto friendly stance is another which encourages investors." - Stephen Wundke, Director of Strategy & Revenue at Algoz