BTC broke out for the 6th time, signaling another potential all-time high.
Institutional inflows and bullish momentum support a $109K target.
Key events like MicroStrategy earnings and Trump’s order could trigger further price action.
Bitcoin — BTC, has pulled a surprising move and seasoned traders are watching closely. For the sixth time in two years, BTC broke out of a descending pattern and marched higher. Every single time this setup appeared, Bitcoin delivered a full recovery and reached new cycle highs. Now, BTC trades near $95,000, just shy of its former all-time high. History may not repeat exactly, but this chart pattern whispers a familiar tale—and the market listens.
Past Patterns Hint at a $109K Target
Since 2022, Bitcoin has gone six-for-six with these bullish breakout patterns. Each breakout brought not only price recovery, but new highs. Analysts now eye $109,000 as the next realistic peak—just a 15% climb from current levels. Past breakouts moved fast. This next surge could happen in a blink, catching many off guard. Traders aren’t the only ones preparing. Institutions are quietly loading up. On Tuesday alone, spot Bitcoin ETFs recorded $172.78 million in inflows.
That marks a consistent trend since mid-April, reinforcing bullish sentiment. Big players still believe there’s gas in the tank—and plenty of road ahead. BTC also remains above the 200-day EMA at $85,000, a major bullish sign. That breakout triggered an 11.14% rally last week. Still, BTC hovers near $95,000—flirting with resistance. A daily close above this level could unlock doors to $97,000 and $100,000. From there, the road to $109,000 looks much less crowded.
Two Catalysts Could Fuel the Fire
This week, two key events may act as rocket fuel. First, MicroStrategy’s Q1 earnings call could shake the ground. The company nearly emptied a massive $21 billion ATM shelf offering this week. Analysts expect a new announcement that could push BTC prices higher—just like previous earnings surprises. Michael Saylor’s strategy remains crystal clear: buy more Bitcoin.
His aggressive moves help maintain bullish momentum and attract other institutions. MSTR’s premiums suggest strong demand and market confidence. Second, the May 5 deadline for Trump’s executive order on the Strategic Bitcoin Reserve creeps closer. The order gave 60 days to evaluate the idea of a federal BTC reserve. So far, communication around the plan feels eerily quiet.
That silence might break soon—and the market could respond with fireworks. BTC sits at the edge of a major move. The RSI holds at 66, showing strong momentum but still room to grow. As resistance lines thin and inflows rise, a surge feels inevitable. Past behavior hints at a bullish storm brewing beneath the calm. If history repeats, $109K may not be a dream—it could be the next destination. Read MoreNews, Bitcoin News, Altcoin, Bitcoin (BTC), Crypto market, cryptocurrency
Cryptonewsland – Your Daily Crypto News
