This is the ‘only condition’ stopping Bitcoin from $150,000 top
Summary ⚈ Bitcoin must hold above $91,400 to reach a potential top around $155,000. ⚈ Rising global liquidity (M2 supply) could fuel Bitcoin’s rally toward $150,000. ⚈ Large exchange outflows and strong technical indicators signal continued bullish momentum. While Bitcoin (BTC) has found momentum above the $90,000 mark, an expert views this position as crucial for the asset to reach a record high of over $150,000. Citing the Pi Cycle Top Indicator, prominent on-chain cryptocurrency analyst Ali Martinez suggested that Bitcoin could climb as high as $155,400 but must maintain a price above $91,400, he said in an X post on April 27. Bitcoin Pi Cycle Top Indicator. Source: Glassnode The Pi Cycle Top Indicator, which tracks the 111-day moving average (MA) against twice the 350-day moving average, is used to predict major peaks in the Bitcoin market. Now, Martinez’s outlook is that the two averages are converging again, signaling a potential top ...