Key Indicators Point to Major Bitcoin Breakout, Analysts Predict
Bitcoin’s latest surge beyond $90,000 has fueled growing optimism among analysts, but the road to new highs still demands critical milestones, according to market watchers.
Rather than focusing purely on momentum, on-chain expert Ali Martinez points to a technical signal: the Pi Cycle Top Indicator.
Historically used to identify major market peaks, the indicator shows a new potential top forming — but only if Bitcoin can consistently stay above $91,400. Martinez suggests that if this support holds, Bitcoin could eventually reach as high as $155,400.
The next #Bitcoin $BTC top could reach $155,400 based on the Pi Cycle Top indicator. The only condition is that prices must stay above $91,400. pic.twitter.com/1l3xJrUQrN
— Ali (@ali_charts) April 27, 2025
While technical patterns hint at a bullish future, macroeconomic forces are also playing their part. Analyst Ted Pillows believes a global increase in M2 money supply could be a key driver behind Bitcoin’s next big move.
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Historically, expansions in liquidity have coincided with major rallies in Bitcoin, and Pillows sees the same setup unfolding now. He also reassured investors about a recent confusion over India’s M2 numbers, calling it a mere data glitch.
Adding to the optimism, TradingShot, another closely followed analyst, predicts Bitcoin could climb to $140,000 by August based on historical performance patterns. Meanwhile, activity on centralized exchanges reveals another bullish sign: over 40,000 BTC were withdrawn in a week, a classic indicator that investors are moving their assets into long-term storage — often a precursor to upward price movements.
Between technical support, growing liquidity, and shifting investor behavior, Bitcoin appears well-positioned for a major breakout. However, analysts agree that holding key support levels in the short term will be essential for setting the stage for any sustained rally.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
