Bitcoin (BTC) Price: Eyes $100,000 Milestone as Strategy Loads Up on More Coins

TLDR

Table of Contents

Bitcoin trading near $95,000, close to its strongest level in two months
Strategy (formerly MicroStrategy) purchased 15,355 Bitcoin for $1.42 billion
US Commerce Secretary Lutnick signals more crypto-friendly regulations
Standard Chartered forecasts Bitcoin could reach $120,000 by Q2 2025
Bitcoin holding key support levels between $93,220 and $94,244

Bitcoin has been showing strength in recent days, hovering near the $95,000 mark as several positive developments fuel optimism in the crypto market. The world’s largest cryptocurrency is approaching its strongest level in two months, with many investors now eyeing the $100,000 milestone.

As of Tuesday, Bitcoin rose 0.1% to $94,335.3, having peaked at $95,436.8 earlier in the session. The price movements come amid sustained ETF inflows and some positive regulatory signals from the US.

The recent price stability follows a sharp rebound over the past week. Market analysts describe the current trading environment as somewhat choppy, with prices bouncing between key support and resistance levels.

Analyst Trader Edge suggests that Bitcoin is approaching a major level of resistance at $96,000 with key support levels at $92,000 and $89,000.

#Bitcoin $BTC is stalling at the range Point of Control at $96K, this level has the highest trading volume level since Nov 2024
Below we have support at $92K and $89K, which lines up with the 200 day moving average
Wouldn’t be surprised to see a sweep of the highs before a… pic.twitter.com/dqfxLQ5e6V
— Trader Edge (@Pro_Trader_Edge) April 27, 2025

One of the most notable developments supporting Bitcoin’s price is Strategy’s continued accumulation. The company formerly known as MicroStrategy disclosed a substantial purchase of 15,355 Bitcoin for $1.42 billion between April 21 and April 27.

This latest acquisition brings Strategy’s total Bitcoin holdings to 553,555 coins, cementing its position as the largest corporate Bitcoin holder. The company has primarily funded these purchases through equity and debt issuances.

Corporate Bitcoin Holdings Expand

Strategy’s shares have significantly outperformed Bitcoin itself in 2025, trading up 23% compared to Bitcoin’s near 1% rise. Investors have increasingly treated Strategy as a vehicle for Bitcoin exposure, driving stellar share gains in recent months.

The company’s aggressive Bitcoin acquisition strategy has attracted attention from both crypto enthusiasts and traditional investors. Strategy’s approach represents one of the most significant corporate endorsements of Bitcoin to date.

Bitcoin’s recent price action is also being influenced by technical factors. The cryptocurrency has been reacting strongly around a key support zone between $93,220 and $94,244.

According to crypto analysts, Bitcoin recently dropped from its high last Friday in a typical three-wave pattern, followed by signs of recovery. The next major price target for Bitcoin is around $96,275, with strong resistance appearing at approximately $95,450.

If Bitcoin manages to break through the $95,450 resistance level, it could see further gains. However, experts warn that the market remains unpredictable in the short term.

Regulatory Outlook Improves

On the regulatory front, US Commerce Secretary Howard Lutnick provided some encouraging comments for crypto enthusiasts. In a recent interview with Bitcoin Magazine, Lutnick stated that the Trump administration is working on more crypto-friendly regulations.

Lutnick also invited more crypto companies to invest in the United States, suggesting that Bitcoin miners could benefit from a recently unveiled investment accelerator by the Commerce Department.

Perhaps most importantly, Lutnick indicated that he views Bitcoin as a commodity and will encourage government agencies to regard the cryptocurrency in the same way as gold. These comments have raised hopes for a more favorable regulatory environment under the Trump administration.

Global bank Standard Chartered has also weighed in with an optimistic outlook, predicting that Bitcoin could reach approximately $120,000 by the second quarter of this year. Their forecast is based on recent strong market performance and growing investor interest.

Several global factors could impact Bitcoin’s movement in the coming weeks, including the upcoming U.S. Federal Reserve meeting in May and ongoing inflation concerns. However, some analysts suggest that the worst may be over for now, potentially opening the door for further gains.

Despite the ups and downs, no clear market top has been confirmed, and all major support levels are still holding. Many believe there’s a good chance Bitcoin could push higher soon, potentially testing the $100,000 level in the near future.

The White House has also stated that President Trump is considering concessions in his automotive tariffs to help blunt their impact on the U.S. economy. This has driven up hopes for a greater de-escalation in Trump’s broader tariff agenda, which could create a more favorable macroeconomic environment for risk assets like Bitcoin.

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