The price of Bitcoin shows signs of strong growth after a week of continuous increases. The leading cryptocurrency by market capitalization is trading around $94,846, steadily recovering after previous consolidation phases.
Market data shows Bitcoin is heading towards one of its best performance weeks in 2025. Analysts believe that if current conditions continue to be maintained, a potential 15% breakout could soon push the price of Bitcoin above the $109,000 mark.
High trading volume and whale accumulation boost confidence.
In the past 24 hours, Bitcoin has recorded 23,550 large transactions. This figure is very close to the 7-day high of 23,740 reached earlier in the week.
High trading activity, especially from whales and large institutions, is often a sign that market confidence is increasing and that it may be entering an accumulation phase.
Investors are closely monitoring this surge in trading volume. Many analysts believe that major players are moving BTC to prepare for the next upward trend.
A steady upward trend in trading activity like the current one often leads to stronger price increases in the past, as seen in previous cycles of Bitcoin.
Source: IntoTheBlock
Additionally, current high-value trading activity shows that wealthy investors are still participating in Bitcoin at higher price levels. Such behavior reflects the belief that this asset has plenty of room for growth, despite challenges around the $95,000 resistance area.
Bitcoin futures OI shows that leverage is increasing.
According to data from Glassnode, open interest (OI) for Bitcoin perpetual swap contracts has risen to 281,000 BTC. This figure represents a 15.6% increase since early March 2025. The increase in OI indicates that traders are ramping up leverage exposure as Bitcoin's price recovers.
Higher leverage can amplify price movements in both directions, causing many to worry about volatility that may arise from liquidations and stop-outs.
However, in a bullish environment, leverage can also accelerate price increases when prices break through key resistance levels.
Source: X
Analysts have warned that liquidity is often lower over the weekend, which sometimes leads to price discrepancies when the market reopens.
Bitcoin ended the week at its highest in 2 months, laying the foundation for potential price discrepancies in the coming days if this trend continues.
The macroeconomic environment supports Bitcoin's bullish trend.
The broader market environment still supports Bitcoin's bullish trend. Factors like the upcoming Bitcoin halving event and strong capital inflows into Bitcoin ETFs support buying pressure. Many believe these events could continue to drive prices higher in the coming months.
Michael Saylor, founder of MicroStrategy, recently pointed out that Bitcoin is once again outperforming major stock indices like Nasdaq and S&P 500. Saylor posted the phrase 'Bitcoin is Faster' on his social media account, accompanied by a chart showing Bitcoin's price strength.
Furthermore, Bitcoin reserves on centralized exchanges continue to decline. A decrease in supply on exchanges often indicates that investors are moving coins into long-term storage, reducing the available supply for trading. This trend often appears before stronger price volatility as demand increases amid shrinking supply.
Meanwhile, top executives like John D’Agostino from Coinbase have acknowledged that Bitcoin's correlation with the stock market can be both positive and negative. In this context, the current positive correlation with stocks adds an extra support factor for Bitcoin's bullish price trend.
Consolidation price lays the groundwork for a breakout above $95,000.
Bitcoin traded back and forth between $84,000 and $88,000 before rising to $95,000. A clear breakout from this consolidation area indicates renewed buying interest in the market.
The $95,000 area has been a significant hurdle in the past. However, the price movement still indicates an upward outlook. For this reason, higher lows and a sustainable trend confirm that buyers are in control.
Therefore, if the price of Bitcoin recovers to the $95,000 level, technical indicators suggest that the short-term target will be $98,000.
Source: X
Above $98,000, some analysts have made specific forecasts below $106,000 in the short term and around $109,300 in the long term, corresponding to a 15% increase from the current price.
These factors have been supported by the accumulation trend of whales, high trading volumes, as well as positive macroeconomic factors.
At the time of writing, Bitcoin is trading at $94,827 and has a market capitalization of $1.88 trillion, indicating increased investment activity. The price of Bitcoin has risen 0.18% while the trading volume in the last 24 hours has decreased by 17%, currently at $25.79 billion.
Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.