Bitcoin (BTC) remains remarkable in its resilience as it holds its ground above a pivotal level even while the entire cryptocurrency market rides a wave of bullish momentum. BTC is currently testing key resistance levels and supporting a broader market rebound.
Currently, Bitcoin trades at $94,822 with a 24-hour volume of $20.41 billion and a total market cap of $1.88 trillion. The price has held firm over the past day and has increased by 8.21% over the week, which indicates good upward momentum.
Bitcoin top predicted using Pi Cycle
Recently, respected market analyst Ali gave insights on X. He projected a possible future of Bitcoin’s price using the Pi Cycle Top Indicator.
The indicator forecasts price highs by monitoring the crossover between two moving averages: the 111-day and the 350-day, times two.
Historically, the indicator was precise within a small time window. Past market cycles experienced the calls coming within three days of the actual top.
Ali’s most recent analysis shows a possible top on Bitcoin of $155,400. The projection is based on Bitcoin remaining above the crucial $91,400 level.
Substantiating this opinion are the Glassnode figures. On the 25th of April, 2025, Glassnode recorded Bitcoin trading at $104,427.
With Ali’s condition prevailing, the cryptocurrency might experience a close to 49% hike from this level. The development would represent another milestone for Bitcoin in 2025.
Volatility and caution in the forecast
However, despite the powerful bullish indications, caution cannot be ruled out. The price of Bitcoin indicates a volatility of 4.56% over the last 30 days, as per CoinCodex. Such a level of movement means that sharp swings are always a possibility.
The success of the Pi Cycle Top Indicator depends on long-term cyclical trends. Yet external shocks or surprise announcements might interfere with projections. Experts warn investors that while past trends offer insights, markets might act irrationally.
All in all, the stability of Bitcoin above its key levels and the positive technical indicators point towards a positive outlook.
Nonetheless, investors should expect volatility all the while as the situation continues. The next few weeks will tell if Bitcoin manages to break through its resistance and achieve new all-time highs.
