Bitcoin Price Analysis: BTC Scrapes Past $85,000 As Markets Await Breakout

Bitcoin (BTC) registered a marginal increase to move past $85,000. The flagship cryptocurrency has been locked in a narrow sideways range all week. Volatility has dried up and price action remains muted. 

BTC is marginally up over the past 24 hours and trading around $85,190. 

Robert Kiyosaki Makes Another Bitcoin Prediction 

Renowned author Robert Kiyosaki has predicted that Bitcoin could rally to $1 million by 2035, fueled by an economic crash and burgeoning US debt. BTC is marginally up over 1%, having crossed $85,000. Despite adverse macroeconomic conditions, Bitcoin ETF inflows and bullish sentiment continue to push the price higher. Kiyosaki warned investors of a “greater depression” fueled by record-high US debt, rising unemployment, and collapsing 401(k)s. He reiterated advice from his books, including Rich Dad and Poor Dad and Rich Dad’s Prophecy, and urged traders to buy Bitcoin, Gold, and silver to weather the incoming crisis. 

“If a poor person bought a few ounces of gold or silver or 1/2 of a Bitcoin I predict they may become the new rich. Once this Depression is over, I strongly believe, by 2035, that one Bitcoin will be worth over $1 million. Gold will be $30k, and silver $3,000 a coin. It will be the easiest money you ever made.”

Bitcoin Whales Keep Strong Accumulation Trend 

Bitcoin has entered a consolidation phase after enduring weeks of selling pressure and heightened volatility. Despite failing to break past the $90,000 level, BTC has not ceded ground to the sellers and held firm above $80,000 despite the broader market sinking into deeper losses. Despite BTC’s resilience and stable price action, macroeconomic adversities persist thanks to Donald Trump’s tariff policies and escalating trade tensions between the US and China. However, on-chain metrics suggest Bitcoin whales remain confident. 

According to data from Glassnode, wallets holding more than 10,000 BTC continue to accumulate, with their trend score near 0.7, suggesting sustained bullish sentiment among long-term holders. Meanwhile, smaller wallets containing less than 1 BTC to 100 BTC have started easing distribution, with the 10-100 BTC group approaching a 0.5 trend score. 

Lyn Alden Scales Back Bitcoin Forecast 

Macroeconomist Lyn Alden believes Bitcoin will finish 2025 higher than its current price of $85,000. However, she stated that it could have been significantly higher had it not been for President Trump’s tariff announcement in February. 

“Before all this tariff kerfuffle, I would have had a higher price target. My guess is that we end up higher at the end of the year than we are now, at least.”

According to Alden, a massive liquidity unlock could push Bitcoin to reach more optimistic targets, similar to those before Trump introduced tariffs. Alden stated there was a good chance Bitcoin would reclaim $100,000 before the end of the year. However, she emphasized the broader financial market down days will remain a challenge for the flagship cryptocurrency, especially since Bitcoin trades 24/7, unlike traditional markets with specified trading hours. Alden stated that crypto’s round-the-clock trading contributed to its volatility, particularly when markets are jittery. 

“Because it trades 24/7, if people are worried about how things are going to open on Monday, some pools of capital can sell their Bitcoin on a Sunday and prepare.”

Bitcoin (BTC) Price Analysis 

BTC has entered a narrow range, with prices moving sideways all week. BTC’s rejection around the $86,000 level set the tone for the week. While the flagship cryptocurrency has been relatively stable this week, analysts believe volatility will return, with many predicting an imminent rally. CryptoQuant contributor Mignolet pointed out that 170,000 BTC had been moved from the 3-6 month holder cohort. Historically, such large movements have preceded notable price movements. 

Another analyst, Master of Crypto shared an observation about the realized price of the short-term holders (STH) versus long-term holders (LTH). According to the analyst, most STHs are primarily in the red, with a realized price of $92,700. On the other hand, LTHs have a realized price of $26,500, meaning they are sitting on gains of over 200%. 

BTC saw considerable movement towards the end of the previous week, rising over 8% on Wednesday to cross $80,000 and settle at $82,600. However, the rally lost momentum on Thursday, dropping almost 4% to slip below $80,000 and settle at $79,592. Sentiment changed on Friday as buyers returned to the market. As a result, BTC rose almost 5% to reclaim $80,000 and settle at $83,370. Buyers retained control on Saturday as the price registered an increase of 2.41% to cross $85,000 and settle at $85,378. Despite the positive momentum, BTC was back in the red on Sunday, dropping almost 2% and settling at $83,776.

Source: TradingView

BTC started the current week positively despite waning momentum, rising over 1% to $84,619. However, price action turned bearish on Tuesday as BTC fell 1.08% to $83,701. BTC recovered on Wednesday, registering a marginal increase and then rising 1.11% on Thursday to settle at $84,962. The price fell back in the red on Friday, registering a marginal decline and settling at $84,518. The current session sees BTC up almost 1%, going above $85,000 and trading at $85,354. With analysts expecting a jump, BTC could reach $90,000 if buyers retain control.

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.