Bitcoin Price Analysis: BTC Bulls Eye Move Past $85,000

Bitcoin (BTC) has made a strong start to the week, with the price up almost 2% as bulls look to move past $85,000 and eye a potential climb to $90,000. Analysts believe the flagship cryptocurrency is readying for a technical breakout from its multi-month downtrend. The uptick in bullish sentiment has seen BTC register an increase of almost 11% over the past week, with on-chain data suggesting strong accumulation activity at key levels. Japan’s Metaplanet Purchases Additional $26M Worth Of Bitcoin Metaplanet, a publicly traded company in Tokyo, has announced that it has added to its Bitcoin holdings, purchasing 3.78 billion yen ($26.3) million worth of BTC . The company’s latest BTC acquisition comes when global markets are bracing for a fallout of the US’ shifting trade stance against China. According to the company’s announcement, it purchased 319 BTC at an average price of 12.85 million yen ($82,549) per coin, bringing its total Bitcoin holdings to 4,525 BTC . “Metaplanet has acquired 319 BTC for ~$26.3 million at ~$82,549 per bitcoin and has achieved BTC Yield of 108.3% YTD 2025. As of 4/14/2025, we hold 4525 $BTC acquired for ~$386.3 million at ~$85,366 per bitcoin.” The company has also outlined an aggressive strategy to increase its Bitcoin holdings to 10,000 BTC by the end of the year. Metaplanet’s investment in the flagship cryptocurrency comes amid growing tensions and uncertainty around US trade tariffs. Markets have reacted to the mixed messaging with increased volatility, with BTC dropping below $75,000 at the beginning of last week before recovering to reclaim $80,000. Metaplanet is quickly becoming one of Asia’s biggest Bitcoin advocates. The company recently announced the appointment of Eric Trump to its Strategic Advisory Board, citing his vast business experience and growing interest in BTC . Metaplanet’s Bitcoin strategy mirrors Michael Saylor’s Strategy, whose aggressive BTC accumulation has influenced several publicly listed firms. Crypto And Bitcoin Investment Products Struggle To Keep Up With Tariff War Crypto investment products are experiencing persistent outflows as markets struggle to keep up with President Trump’s unpredictable tariff strategy, sending a wave of uncertainty over global markets. As a result, investors are being cautious even though BTC and other cryptocurrencies are trading at a substantial discount. According to data from CoinShares, crypto investment products have registered a little over $795 million in net outflows, making it the third consecutive week of outflows. Bitcoin investment products registered the largest outflows with over $750 million. However, the year-to-date (YTD) inflows remain positive at $545 million. However, if BTC’s investment products continue their downward trend, they could erase all gains registered in 2025. Data from SoSoValue shows spot Bitcoin ETFs registered modest daily outflows of $1.03 million for the week ending April 11, bringing the week’s total outflows to $713 million, making it the second consecutive week of outflows. Previous weekly outflows amounted to $172.69, bringing April’s total outflows to $814 million. This came after March’s $767 million in outflows and February’s record-breaking $3.56 billion in outflows. Bitcoin (BTC) Price Analysis Bitcoin (BTC) is up over 1% during the current session as it looks to punch through $85,000. The flagship cryptocurrency has started the week on a bullish note after spending Sunday in the red and registering a drop of almost 2%. BTC has rebounded strongly after plunging below $80,000 and falling to a low of $74,393 early last week. Analysts believe it could surge to $90,000 if it breaks above the 200-day EMA. Analysts believe BTC could be entering an accumulation phase as it trades within a range capped by resistance around $86,000 to $88,000. Data from Glassnode highlights significant BTC accumulation at around $79,000, with traders purchasing approximately 40,000 BTC in this support zone. BTC has also worked through a larger cluster at around $82,000 where around $51,000 BTC had been accumulated. The flagship cryptocurrency also broke above $83,500, a level that had 48,500 BTC in accumulation. Such levels often act as support. Meanwhile, crypto analyst Rekt Capital believes BTC is on the verge of a technical breakout from its multi-month downtrend. “Bitcoin is on the cusp of a breakout Mere hours away from performing the initial but crucial steps towards fully confirming a breakout beyond the multi-month Downtrend And when BTC breaks a technical downtrend $BTC enters a new technical uptrend.” BTC registered a sharp drop on Wednesday (April 2), falling over 3% to go below the 20-day SMA and $85,000 and settle at $82,525. The price recovered on Thursday and Friday, registering marginal increases and moving to $83,828. However, BTC lost momentum over the weekend, dropping to $83,423 on Saturday. Bearish sentiment intensified on Sunday as BTC plunged over 6%, slipping below $80,000 and settling at $78,301. Bearish sentiment and volatility registered a substantial uptick on Monday as BTC fell to a low of $74,383 before rising past $80,000 and then settling at $79,164, ultimately registering an increase of 1.10%. BTC was back in the red Tuesday, falling almost 4% to $76,283. Source: TradingView Markets rallied on Wednesday after Donald Trump announced a 90-day pause on tariffs. As a result, BTC surged over 8% to reclaim $80,000 and settle at $82,593. However, the rally lost momentum on Thursday as the price fell 3.63%, slipping below $80,000 and settling at $79,592. Buyers returned to the market on Friday as BTC rose almost 5% to reclaim $80,000 and move past the 20-day SMA to settle at $83,370. BTC continued to push higher on Saturday as the price rose 2.41%, crossing the 50-day SMA and $85,000 and settling at $85,378. BTC lost momentum again on Sunday, falling almost 2% to slip below $85,000 and settle at $83,776. The current session sees BTC up nearly 1% as bulls look to break above $85,000 and push towards $90,000. The MACD shows growing bullish sentiment, indicating buyers have the upper hand. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: Bitzo