Despite April’s market turbulence caused by tariff-related decisions from U.S. President Donald Trump, Bitcoin price has remained resilient, gaining over 14% so far this month. Now trading above $94,000, experts suggest that Bitcoin could be on the verge of even further growth, driven by renewed investor confidence and strong market fundamentals.
Pi Cycle Top Indicator Signals Potential New High for Bitcoin
According to the Pi Cycle Top indicator, Bitcoin could potentially surge to $155,400, provided the asset holds above the critical support level of $91,400. Popular crypto analyst Ali Martinez shared this bullish prediction, emphasizing that maintaining this threshold is crucial for further gains.
“The next Bitcoin top could reach $155,400 based on the Pi Cycle Top indicator. The only condition is that prices must stay above $91,400,” Martinez tweeted.
Adding to the bullish case, Martinez highlighted that the Accumulation Trend Score is nearing 1, a strong signal of intense accumulation by long-term holders. This suggests growing conviction among major players in Bitcoin’s long-term value.
Institutional and Retail Interest Fuels Bitcoin’s Momentum
Notably, since late January, nearly 100 new whale entities—each holding more than 1,000 BTC—have entered the network. This influx of institutional interest is being complemented by a surge of FOMO (fear of missing out) among retail investors, signaling a potential turning point for Bitcoin following months of market uncertainty.
Bitcoin as a Non-Sovereign Store of Value
A recent report from the New York Digital Investment Group (NYDIG) reinforces Bitcoin’s shifting narrative. The firm pointed out that Bitcoin is increasingly being viewed as a non-sovereign store of value, particularly as global investors seek alternatives to traditional financial systems during volatile times.
Greg Cipolaro, NYDIG’s Global Head of Research, noted:
“Bitcoin has acted less like a liquid, leveraged version of U.S. equities and more like the non-sovereign store of value that it was designed to be.”
While the decoupling from traditional risk assets is still in its early stages, NYDIG emphasized that this trend is becoming more noticeable, aligning with the long-standing beliefs of Bitcoin advocates.
As Bitcoin continues to build momentum, surpassing key support levels and attracting major investors, the market watches closely to see if the crypto giant can make a historic climb toward $155,400.
