Bitcoin Surges 0.83% to $105,336 as AI Energy Concerns Shift Focus

Bitcoin's price has been accelerating, recently hitting an intraday high of $106,500 before consolidating at $105,336, marking a 0.83% increase in the last 24 hours. This surge is driven by a shift in sentiment as concerns about Bitcoin’s energy consumption are easing in light of the growing energy demands of artificial intelligence (AI).

For years, Bitcoin has faced criticism over its energy consumption, which amounts to around 176 terawatt-hours (TWh) annually. However, a recent study in Joule projects that AI could soon overshadow Bitcoin’s impact, with predictions that AI may consume 49% of global data center electricity by 2025, totaling approximately 201 TWh per year. This shift in focus from Bitcoin’s energy use to AI’s consumption has improved Bitcoin’s environmental perception among investors, helping it regain momentum.

Industry experts, such as Alex de Vries-Gao, note that AI’s unchecked growth is driven by big tech firms rapidly expanding their infrastructure without complete transparency on energy usage. This has led to a significant increase in demand for AI hardware, with Nvidia alone absorbing nearly 48% of Taiwan Semiconductor’s chip packaging capacity. Additionally, Elon Musk’s xAI initiative aims to create one of the world’s largest AI superclusters, intensifying concerns about energy demands.

Adding fuel to Bitcoin’s rally is The Blockchain Group’s recent acquisition of 624 BTC worth $68.7 million, bringing its total holdings to 1,471 BTC, valued at over $106 million. The company plans to acquire 260,000 BTC by 2033, reflecting robust institutional confidence in Bitcoin’s long-term prospects. Such strong institutional backing highlights the growing acceptance of Bitcoin as a serious long-term investment, with potential as a hedge against economic volatility.

Bitcoin price prediction remains neutral as BTC has formed a tightening symmetrical triangle on the 2-hour chart, with dynamic support from the 50-period exponential moving average (EMA) near $105,295. Candlestick patterns, including doji and spinning tops, suggest indecision and potential reversal, while the MACD is turning bullish with an impending crossover. This unique combination of AI’s energy impact, improved sentiment, and rising institutional interest presents a compelling case for Bitcoin’s next significant move toward $250,000.

With BTC/USD trading near $105K, attention is rapidly shifting to altcoins, especially BTC Bull Token ($BTCBULL). As of today, the presale has raised $6,772,528.93 out of a $7,789,647 cap, with just over $1 million left before the next price hike. BTC Bull Token’s innovative mechanism ties rewards directly to Bitcoin’s price. For every $50,000 increase in BTC’s price, a portion of $BTCBULL is burned, reducing overall supply and supporting token value. This approach blends dynamic rewards with built-in scarcity, aligning $BTCBULL’s value with Bitcoin’s performance.

BTC Bull Token’s staking pool offers an enticing 61% APY, currently holding 1,731,936,103 $BTCBULL. The key benefits include no lockups or fees, full liquidity, and consistent yields, making it appealing to both seasoned DeFi investors and newcomers seeking yield without complex terms. With less than $1 million left before the presale closes, buyers are moving fast. BTCBULL’s combination of BTC-tied rewards, strategic burns, and high-yield staking is driving participation. The presale offers an opportunity to enter before the subsequent price increase, especially as BTC’s price action intensifies.