Bitcoin Price Prediction – BTC Could Rally to $100k If $94,276 Resistance Is Breached

Highlights:

• Bitcoin is trading around the $94,276 resistance
• Rally through the $94,276 resistance could trigger a rally to $100k
• An improving macro environment could trigger such a rally

After a strong two-day rally, Bitcoin’s price HAS dipped by 1.38% today to trade at $92,504 when going to press. Pullbacks after rapid rallies are usually expected after a sudden price rally. Encouragingly, Bitcoin is hovering strongly above the $90,000 mark, further proving that the investor sentiment is positive.

Improvement In the Macro Environment Could Boost Bitcoin Price

Without considering the minor pullback, the macro Bitcoin indicators remain bullish. For example, US President Donald Trump is softening his stance on issues rattling the markets so far. He is no longer keen on removing Jerome Powell as the head of the Federal Reserve and is also more open to lowering trade tariffs with China. Such events support improved market outlooks and provide greater risk asset confidence.

🇺🇸🇨🇳 @realDonaldTrump Softens Stance on China Tariffs

📢 New comments signal a rollback from 145%:

🗣 “It will come down substantially… not to zero.”

📊 Markets watching closely.#TradeWar #Trump #China #GlobalEconomy #Tariffs pic.twitter.com/DRY3mLoLjm

— Voice Of Web3 🎙 | Decentralized Discussions (@VoiceOfWeb3_) April 23, 2025

Political Pressure on the Dollar Gives BTC A Boost

Even better news for Bitcoin is that the dollar remains relatively weak. As the dollar struggles, largely due to the ongoing political optics, Bitcoin is in a good position for a price rally. With the political pressure on the dollar unlikely to end soon, investors seek new avenues for protection, which could see FOMO build up on Bitcoin. Already, there is a growing institutional uptake of Bitcoin. 

According to Algoz’s Director of Strategy & Revenue, Stephen Wundke, Bitcoin faces a series of converging catalysts supporting its recovery. In Wundke’s view, more recent developments, such as the appointment of crypto-friendly politicians like Paul Atkins as the head of the SEC, are coming into play alongside strong technical signals like the liquidity lag indicator.

Pro Bitcoin and crypto-friendly Paul Atkins 🗣️ "My top priority is to provide a firm regulatory foundation for digital assets."

WHAT A TIME TO BE ALIVE! pic.twitter.com/uANkzHZ6yU

— MANDO CT (@XMaximist) April 23, 2025

On-Chain Data Points to an Increasingly Bullish Bitcoin

The most recent on-chain data support this bullish thesis. Bitcoin’s short-term holders (STHs) have once more returned to profit, signaling a reversal of previously unrealized losses. This kind of activity generally tends to lead prices upward because the profits are locked in as holders tend to hold instead of sell.

Anonymous trader Ezy Bitcoin notes that it “is playing out beautifully,” suggesting that large investors’ reaccumulation is sure to continue. Further, determining price based on this pattern sets targets at $131,500, $144,900, and $166,700. 

The Wyckoff Re-accumulation phase is playing out beautifully! 👏👏

With the Spring confirmed and price jumping across the creek, the structure points toward continued strength. Eyes on the targets: $131,500 (Target 1), $144,900 (Target 2), and $166,700 (Target 3)! #Bitcoin $BTC https://t.co/JkogdZejEB pic.twitter.com/cq4rxxQiuR

— Ezy Bitcoin (@EzyBitcoin) April 23, 2025

New Institutional Player Enters the Bitcoin Arena – A Bullish Signal

In a substantive move, Twenty-One Capital Inc. has announced a partnership with Nasdaq-listed SPAC Cantor Equity Partners. Starting with over 42,000 Bitcoin, the firm is set to become one of the world’s largest BTC treasuries. Tether and SoftBank Group back the deal.

🇺🇸 Jack Mallers’ “Twenty One” is launching a SPAC as a capital-efficient alternative to $MSTR —backed by Cantor Fitzgerald, a primary bond dealer to the #Fed.

Here’s what I think the real play is:

SoftBank (a Japanese Bank putting in $900M), Tether ($1.5B BTC), and Bitfinex… pic.twitter.com/k4MvHtzhPy

— Simon Dixon (@SimonDixonTwitt) April 23, 2025

Twenty One’s specific success will be tracked using Bitcoin-specific business metrics like Bitcoin Per Share (BPS) and Bitcoin Return Rate (BRR). These metrics are intended to enable true Bitcoin ownership and are not based on fiat-based earnings, which concords with the firm’s goal of maximizing the value of Bitcoin.

Tether CEO Paolo Ardoino lauded the initiative, noting that the goal of the Bitcoin-first strategy was to strengthen Bitcoin as a primary currency in the new age of finance, “strengthening the ecosystem and Twenty One.” The $585 million raised through PIPE offerings and secured notes would buy more Bitcoin and aid expansion.

Technical Analysis – Bitcoin Price Trading at Resistance

After a two-day rally, Bitcoin appears to be struggling at the $94,276 resistance. If Bitcoin bulls can garner enough volumes and push Bitcoin through this resistance, a rally to $100k could follow.

On the other hand, if bears retake the market, then a correction to $83,670, now major support, could follow. 

Recap

An increase in institutional interest and short-term holders returning to profit makes it likely that the ongoing Bitcoin rally will continue. With the shifting macroeconomic winds and new capital entering the scene, Bitcoin could soon be headed to $100k or much higher prices.