Bitcoin Price Analysis: BTC Reclaims $97,000 Ahead Of FOMC Meeting

Bitcoin (BTC) staged a dramatic recovery to reclaim $96,000 on Tuesday and extended its gains to capture $97,000 during the ongoing session despite resistance. 

The flagship cryptocurrency is up nearly 4% over the past 24 hours as it tests the upper limits of its consolidation range, buoyed by scheduled US-China trade talks. 

Metaplanet Takes Total Bitcoin Holdings To 5,555 

Japanese firm Metaplanet completed the acquisition of 555 Bitcoin as part of its aggressive accumulation strategy. The latest purchase takes the company’s total Bitcoin holdings to 5,555 BTC. The Tokyo-listed firm disclosed that it acquired 555 Bitcoin for $53.4 million at an average price of $96,134. The firm also announced the issuance of another $25 million in zero-coupon ordinary bonds to fund its BTC purchases. The firm has raised 35 billion yen ($244 million) through zero-coupon bonds and stock acquisition rights since 2024 via its partner, Evo Fund. The firm’s proprietary key performance indicator, BTC Yield, has registered a significant increase in recent quarters, reaching 309.8% in Q4 2024, 95.6 in Q1 2025, and 21% in the current quarter. 

Metaplanet recently announced plans to launch a US subsidiary, Metaplant Treasury, based in Florida. The subsidiary plans to raise $250 million to fund its Bitcoin strategy and tap the US markets. Metaplanet is Asia’s largest public corporate holder of Bitcoin. 

UK Rules Out Bitcoin Reserve 

The United Kingdom has ruled out creating a crypto reserve, with Economic Secretary to the Treasury Emma Reynolds expressing a negative outlook towards Bitcoin, stating that the government did not think it was appropriate for the market. However, Reynolds indicated the UK was willing to leverage blockchain technology for government finance. She also disclosed the government was exploring the use of distributed ledger technology for sovereign debt issuance. 

Reynold’s remarks come amid growing digital asset cooperation between the US and the UK. Reynolds highlighted recent discussions between the US Chancellor of the Exchequer and US Treasury Secretary Scott Bessent and confirmed the formation of a senior official-level working group focused on digital assets. 

Bitcoin Could Reach $250K In 2025 

Bitcoin is currently hovering around the $97,000 mark as it displays resilience and maintains its push towards $100,000. Joe Burnett, Director of Market Research at Unchained, believes BTC is just getting started at $100,000 and predicted a move to $250,000 this year and moving to a staggering $1 million by 2030. Burnett stated on X, 

“I definitely would not be surprised at all to see $200,000 Bitcoin or $250,000 Bitcoin this year.”

He highlighted the improving macroeconomic conditions as a key driver, stating, 

“Looking at the current macro setup for Bitcoin, global M2 is starting to break out. The VIX hit a recent all-time high that we haven't seen since literally March 2020 and before that, December 2008.”

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) is up over 3% in the past 24 hours as it tests the upper limits of its trading range. The flagship cryptocurrency currently trades at $97,300 as it eyes a move to $100,000 after starting the week on a bullish note. BTC had surged to an intraday high of $98,000 on Friday but lost momentum over the weekend, dropping to $94,390 by Sunday. However, it has made a strong start to the week amid reports the US and China will officially hold trade talks this weekend, potentially de-escalating the trade war. Trade tensions have impacted investor sentiment in recent months, and a thaw could see BTC surge to new highs. Meanwhile, in another positive development, the US state of New Hampshire signed a law allowing the US state treasurer to invest 5% of public funds into Bitcoin. Institutional demand has also risen, further buoying markets. 

Markets are expected to turn their attention to the Federal Reserve’s FOMC meeting and interest rate decision. The Federal Reserve is expected to leave interest rates unchanged at 4.25% to 4.50%. The Fed has no reason to lower interest rates, especially with inflation above 2% and the labor market holding up. However, it finds itself in a challenging spot thanks to the divergence between US soft data, which has deteriorated considerably, and US hard data, which has remained resilient despite trade tensions and tariff turmoil. 

BTC ended the previous weekend on a bearish note, dropping almost 1% on Sunday (April 27) and settling at $93,803. The price recovered on Monday, rising 1.28% to claim $95,000 and settle at $95,002. However, the price was back in bearish territory on Tuesday, falling 0.70%, slipping below $97,000, and settling at $94,342. BTC faced volatility on Wednesday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price registered a marginal decline and settled at $94,155. Bullish sentiment returned on Thursday as BTC rose over 2%, surging past $96,000 and settling at $96,458. The price surged to an intraday high of $98,000 on Friday. However, it could not stay at this level and settled at $96,939, ultimately registering an increase of 0.50%.

Source: TradingView

BTC lost momentum over the weekend, dropping nearly 1% on Saturday and 1,66% on Sunday to slip below $95,000 and settle at $94,390. The price fell to an intraday low of $94,582 on Monday. However, it rebounded from this level to register an increase of 0.41% and settle at $94,773. Bullish sentiment intensified on Tuesday as BTC rose over 2% to reclaim $96,000 and settle at $96,845. The current session sees BTC marginally up as it attempts to overcome selling pressure at $97,000. A break above this level could see BTC surge to $100,000.

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.