📈 Key BTC Developments
1. Pompliano’s ProCap BTC Firm Set to Go Public
Anthony Pompliano’s crypto-focused ProCap BTC is merging with a SPAC (Columbus Circle Capital Corp. I), preparing to hold up to $1 billion in Bitcoin on its balance sheet .
2. Michael Saylor’s Strategy Buys $26M in BTC Amid Price Dip
MicroStrategy continues its accumulation strategy—125 BTC (~$26M), averaging ~$105.9k per coin—even as BTC slid under geopolitical pressure .
3. Tokyo’s Metaplanet Reaches 11,111 BTC Holding
Metaplanet Inc., a Tokyo-listed firm, added another 1,111 BTC (~¥17.3B / $118M), boosting its treasury to over 11,111 BTC (≈$1.1B) .
4. Analyst Predicts BTC Could Hit $240K by October
A bullish analyst on X suggests Bitcoin could climb to $240,000 by October, with the current bull cycle extending through late 2025 .
5. Bitcoin Tumbles as Gold Rallies in Haven Clash
US–Middle East tensions caused BTC to drop ~4% to $103,274 as gold surged. While dubbed "digital gold," Bitcoin’s safe-haven status remains contested
📊 Market & Technical Insights
BTC Support at $100K—Resistance at $105–110K
Technical indicators show Bitcoin bouncing from the $100K support level, with resistance between $105K–$110K. Watch for possible dips toward $92K if momentum wanes .
AVIV Ratio Signals Potential $330K Target
Historical AVIV trend suggests Bitcoin has room to surge up to $330,000 before the bull cycle peaks .
50‑Day SMA Record + Cooling Momentum
BTC’s 50‑day moving average hit a record high, but its narrowing spread with spot price hints at an impending correction .
🧩 Context & Broader Trends
US Strategic Bitcoin Reserve Formalized
A March executive order by President Trump established a Strategic Bitcoin Reserve funded with ~207,000 BTC from forfeitures, signaling the U.S. government’s intention to hold BTC as a reserve asset .
El Salvador’s Bitcoin Experiment Falters
After adopting BTC in 2021, El Salvador is retreating from its experiment, citing economic downsides and IMF conditions .
📌 Bottom Line
Bitcoin remains in the spotlight with aggressive institutional accumulation, emerging government-level adoption strategies, and technical indicators supporting continued upside. However, macro pressures and recent profit-taking suggest caution—$100K remains key support, while bullish targets stretch from $240K to $330K depending on market conditions.