Markets have been turbulent in April this year amid U.S. President Donald Trump’s tariff-related moves. Still, Bitcoin surged more than 14% after tensions eased this month.
With its deals exceeding $94,000, experts suggest that crypto assets can grow further as investor confidence continues to build.
PI cycle indicators point to an upward trend
According to the PI Cycle Top indicator, Bitcoin has the potential to reach a new high of $155,400. However, the result is based on the asset’s price level above $91,400. If the asset remains above this threshold, popular crypto analyst Ali Martinez believes it may be expected to gain further gains.
Next #bitcoin $ btc According to the top metrics for PI cycles, the top may reach $155,400. The only condition is that the price must stay above $91,400. pic.twitter.com/1l3xjruqrn
– ali (@ali_charts) April 27, 2025
His findings also suggest that the cumulative trend score is approaching 1, indicating accumulation activity and high belief among long-term holders. This indicator shows growing confidence in Bitcoin’s long-term value.
This is especially true for large investors. In fact, nearly 100 new entities holding more than 1,000 BTC have joined the network since late January. Along with the large players, the Bitcoin market also experienced a surge in FOMO for retail investors, which could indicate a potential turning point after a period of market uncertainty.
Value Store
According to the latest update from the New York Digital Investment Group (NYDIG), Bitcoin is receiving renewed attention as a store of value that is not laid off as global investors seek alternatives beyond traditional financial and banking systems.
The company noted that while the connection is still “tentative”, BTC began to achieve its original purpose – providing resilience in uncertain times. Nydig said that although Bitcoin advocates have long been the shift in this perception that has only just begun to get stuck among traditional market participants.
In a recent note, Greg Cipolaro, the company’s global research head, observed “subtle changes” in Bitcoin’s behavior over the past few weeks, adding that decoupling from traditional risk assets is still at a very early stage, but the shift is becoming increasingly obvious.
“Bitcoin behaves less like the liquid leveraged version of the leveraged US equity beta, more like a value store that is not laid off.”
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