Bitcoin Price Forecast – Rally Through Resistance Puts $100K In Focus

Highlights:

• Bitcoin has breached the $94,207 resistance, a signal of bullish momentum
• Breaching resistance could see Bitcoin retest $100k
• Rising institutional investments could help push Bitcoin to $100k soon

Today, Bitcoin retained its bullish momentum, following an uptrend that started last week. At the time of this report, the cryptocurrency was changing hands at $95,000, reflecting a slight increase of 0.30% for the day. However, the greater sign of heightened investor sentiment lies in the trading volumes, which increased by 42.83% to $30.15 billion over the past 24 hours. This notable increase in trading activity indicates a sharp rise in bitcoin investors’ participation. It could also signal an impending bull rally. 

Bitcoin Price Strengthens as Institutions Continue Accumulating

A surge in institutional adoption further strengthens this bullish narrative. Between April 21 and April 27 of 2025, Strategy bought 15,355 BTC for roughly $1.42 billion, or an average of $92,737 per coin. This brings the company’s total Bitcoin holdings to 553,555 BTC, worth $52 billion. 

JUST IN: MicroStrategy acquired 15,355 $BTC between April 21 and April 27, spending a total of $1.42 billion at an average price of $92,737 each

— Unknown.Ai (@UnknowTraderAi) April 28, 2025

The company’s investments in Bitcoin, including all fees and expenses, total around $37.9 billion. This indicates that Strategy has further achieved growth, with the average cost basis at $68,459 per BTC. More recently, other businesses such as investment firm Twenty One have joined the market, thus expanding the institutional Bitcoin market base.

Announcing Twenty One: https://t.co/zg4PVHidw2

Twenty One is a #Bitcoin-native company and the ultimate vehicle for capital markets to access #Bitcoin

We intend to leverage capital markets to maximize #Bitcoin ownership per share (BPS) & pioneer #Bitcoin-native financial tools pic.twitter.com/RixWzvcL1y

— Jack Mallers (@jackmallers) April 24, 2025

South Korea Moves Toward Spot Bitcoin ETFs

Policy action supporting Bitcoin ETFs is also gaining traction worldwide. The People Power Party of South Korea recently proposed allowing spot Bitcoin ETFs within this year, which marks a major change in the country’s cryptocurrency policy.

JUST IN: 🇰🇷 South Korea’s second largest party vows to approve spot #Bitcoin ETFs within a year.

Asia is getting prepared 🙌 pic.twitter.com/TNEqRVfFlr

— Bitcoin Magazine (@BitcoinMagazine) April 29, 2025

Lawmaker Park Soo-min highlighted the need for South Korea to align with international frontrunners, including the US, UK, and Hong Kong, all of whom have adopted spot Bitcoin ETFs. This initiative aims to fulfill a broader goal of making seven amendments to strengthen the South Korean digital asset infrastructure. It is a move that could add to the bullish momentum in Bitcoin by making it easier for more people to buy. 

U.S. Spot Bitcoin ETFs Record Surge In Inflows

After a rather subdued start to April, inflows to these ETFs began to increase sharply after April 15, when $76 million in net inflows were recorded. Despite large outflows on April 16, close to $170 million, the trend quickly reversed. Accumulating net inflows have been seen every day since then, which showcases changing investor sentiment and renewed accumulation.

Okay, nobody else is talking about it so I'll tell you:
This past week April 20th to April 25th, 2025 had the highest net spot Bitcoin U.S. ETF inflows of $3.06 billion since inception in January of 2024. Very significant milestone. Higher. W/O @saylor buys & @gamestop pic.twitter.com/uaVHSrpMlO

— BTChalfwit (@skepticalcrypto) April 27, 2025

The week starting April 21 saw quite a strong return to Bitcoin ETFs. For instance, Monday saw inflows of $390 million. This surge in ETF inflows coincided with Bitcoin’s rally through $86k. The momentum did not stop there on April 22, as net inflows also surpassed $900 million, the surging total for the month.

Bitcoin Sticks Above $90,000 Mark Indicating a Solidifying Price Floor

The mid-April period saw the cryptocurrency struggle to remain above the $85,000 mark, but on April 22, it surged past the $90,000 mark, which it has stayed above since. While attempts to breach $96,000 have not yet succeeded, Bitcoin seems to be establishing a solid price floor at $90,000. Institutional investors and ETFs could drive this. If the price holds above $90k for longer, it could inspire more retail and institutional investors to buy, helping push the price higher. 

Technical Analysis – Bitcoin Price Closes Above Critical Resistance

From the chart, Bitcoin could be headed for a strong rally. This is after the price rallied through and closed above the $94,207 resistance on April 28.

If bulls sustain the current momentum, a rally to $100k could follow. Even if bulls lack the momentum for a rally to $100k, Bitcoin could consolidate above $94,207, which is now supported. 

Recap

Converging factors like institutional buying, increasing access through ETFs, and higher trading volumes fundamentally suggest that Bitcoin is entering a bullish consolidation phase. Should this momentum be sustained, another rally with prices crossing $96,000 may be expected.