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Bitcoin Surges 13% In Week, Eyes $100K As Market Optimism Grows

Coin WorldFriday, May 2, 2025 12:35 am ET
1min read

Bitcoin (BTC) is showing signs of a potential major rally, according to a recent analysis by CryptoQuant. The digital asset has surged over 13% in the past week, driven by renewed optimism in the market and easing global tariff-related tensions. This momentum has contributed to a substantial increase in the total cryptocurrency market capitalization, which has risen from approximately $2.5 trillion to over $3.1 trillion.

CryptoQuant contributor Crypto Dan highlighted that BTC is currently forming an accumulation pattern similar to those observed in 2024. This pattern has historically preceded significant rallies. The analysis suggests that BTC's current movement mirrors that from January and October 2024, when the digital asset entered a significant uptrend powered by a sharp increase in the activity of short-term holders. These holders typically keep BTC for one day to one week, and their increased activity has historically been followed by strong rallies not only in BTC but also across major altcoins.

According to the analyst, this indicator has historically moved ahead of major price surges, making it a reliable signal of accumulation. If this trend continues in the short term, Bitcoin may be on track to break above $100K and enter a strong upward phase. Prominent crypto analyst Ali Martinez identified $97,530 as the next major resistance level, emphasizing that surpassing this price point could clear the path for Bitcoin to reach new all-time highs (ATH).

Ask Aime: Is Bitcoin about to rally?

Despite the growing optimism, some analysts caution that Bitcoin still faces obstacles. The 30-day Demand Momentum remains in negative territory, suggesting that recent bullish sentiment may not be fully sustainable yet. On-chain metrics reveal that a truly parabolic move could take more time. While BTC reserves on exchanges continue to decline, indicating long-term holder confidence, there may not yet be enough pressure to trigger a full-blown supply shock.

However, one positive signal is a recent sharp rebound in Bitcoin’s Apparent Demand, which could indicate the early stages of a trend reversal. As of the latest update, Bitcoin is trading at $96,370, up 1.9% over the last 24 hours. This rebound in demand, coupled with the historical accumulation pattern, suggests that Bitcoin may be poised for a significant rally in the near future.

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PlatHobbits7
05/02
Accumulation pattern or just a pump? DYOR, but the vibes are bullish.
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PunchTornado
05/02
13% in a week? HODL tight, feels like we're back in '21 vibes.
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tielgee
05/02
Crypto whales are nibbling, but will they devour? Only time tells.
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ReindeerApart5536
05/02
Hodl or sell? Demand momentum still shaky. 🤔
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rw4455
05/02
Long-term confidence growing, but slow supply shock.
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downtownjoshbrown
05/02
BTC moon soon? Accumulation pattern looks bullish.
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Leagueofdreams11114
05/02
@downtownjoshbrown You think it'll hit $100K soon?
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Medical-Truth-3248
05/02
Rebound in demand is a green flag.
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mindhunter11010
05/02
@Medical-Truth-3248 Totally agree, rebound's bullish.
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bnabin51
05/02
@Medical-Truth-3248 What's next for BTC?
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Ok_Secret4642
05/02
Short-term holders are back; rally ahead, maybe.
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mmmoctopie
05/02
$97K resistance, ATH bound, if breaks out.
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Jera_Value
05/02
@mmmoctopie Think it'll happen soon?
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GazBB
05/02
Hodl the line, friends! 🚀 If $BTC hits $100K, moonbound we go!
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Dbetancourt92
05/02
@GazBB Think it'll really moon?
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05/02
@GazBB Agreed, hodl strong.
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k_ristovski
05/02
Damn!!The BTC stock generated the signal, from which I have benefited significantly!
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Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
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