Bitcoin pumps over $96,000 amid bullish sentiments surge past $100,000.
Is the pioneer crypto asset ready to pump back to 6-digit prices?
Analyst recognizes a bullish MACD crossover indicator, BTC pump soon?
The pioneer cryptocurrency seems to be ready tp [ump to much higher prices as the crypto market moves into the second month of Q2 2025. In the month of April, the price of BTC pumped spectacularly from $70,000 to reclaim a $95,000 high. Now, Bitcoin pumps over $96,000 as analysts wonder if the pioneer crypto asset is ready to reclaim 6-digit prices amid a confirmed MACD crossover.
Bitcoin Pumps Over $96,000 Price
Bitcoin had a formidable start for parabolic pumps this bull cycle. In detail, the pioneer crypto asset’s price bored within a span of one yearly quarter taking new ATH pieces in the $90,000 price level. However, despite the bullish string of new ATHs set in Q4 of 2024, Bitcoin went on to set its most recent ATH price at $109,000 in the start of the New Year, January 2025. Soon after, BTC price fell into a prolonged price dip.
This massive market crash was seen as a much needed healthy correction phase for the crypto market as a whole. The correction took BTC to the low price of $75,000 before it recovered back to the $95,000 price range by the end of April. Now, analysts are pleased to see BTC showing even more bullish signs, these indicators point to BTC pumping up to reclaim 6-digit ATH price of $100,000 and much higher.
While analysts debate when exactly BTC will reclaim the previous $109,000 ATH price, others are instead focusing on what bull cycle target BTC can go on to hit in the coming days ahead. Is BTC capable of hitting a much higher ATH after BTC Dominance falls, or will this target have to be met before the Bitcoin Dominance collapses and give altcoins the long-awaited door to bullishly welcome altseason’s peak phase.
BTC Nears Previous 6-Digit ATH Target
Presently, BTC may be testing a bullish breakout. SInce reclaiming the $95,000 resistance level, analysts expected the next leg up to take BTC price to the next pump target which lies between $100,000 to $103,000. At the moment, the price of Bitcoin has just broken past the $96,000 price level giving weight to the possibility of BTC retaking 6-digit prices and surging close to its previous ATH target.
https://twitter.com/JavonTM1/status/1917586912703046089
As we can see from the post above, this analyst connects the ongoing price pump to a bullish indicator. To highlight, the analysts mention that Bitcoin surged after confirming a MACD Crossover. So far, the asset has acted the same way with previous market patterns, soon after this signal, Bitcoin price set new cycle highs within a short time. Thus, the analyst concludes that there is a high possibility for BTC to reclaim its previous $109,000 ATH price soon.
