Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Bitcoin SOTT Indicator Flashes Green – Is A New ATH Imminent? Analyst Weighs In

Share This Post

Earlier today, Bitcoin (BTC) crossed $95,000 for the first time since February 2025. Multiple crypto analysts are now predicting that there may still be room for BTC to grow, potentially propelling the leading digital asset to a new all-time high (ATH) in the near-term.

Bitcoin SOTT Indicator Turns Green, More Upside Ahead?

In a post on X today, crypto analyst Titan of Crypto noted that Bitcoin’s State of the Trend (SOTT) indicator has turned green on the weekly chart. This shift to green indicates a bullish change in BTC’s momentum.

For instance, BTC experienced significant gains the last two times its SOTT indicator turned green on the weekly chart. From October 2023 to March 2024, the cryptocurrency saw an increase of 172%, while from September 2024 to January 2025, BTC posted a 92% gain.

To explain, the SOTT indicator is a momentum-based tool that measures the strength and direction of a trend by analyzing price movements over time. When it turns green, it typically signals a strengthening bullish trend, suggesting potential upside for the asset.

While the full extent of the gains from the SOTT indicator’s green signal in April 2025 remains uncertain, projections suggest that BTC could surge as high as $130,000. Currently, BTC’s ATH stands at $108,786, according to data from CoinGecko.

Additionally, market activity shows a decline in BTC selling pressure. According to a recent post by crypto analyst Master of Crypto, the number of addresses sending BTC to exchanges has fallen to a 30-day average of 52,000, compared to 71,000 over the past year. The analyst added:

For context, the 10-year norm sits around 92,000. We’re back to 2016-style activity. That’s a big shift. It means fewer coins hitting the market  down 4x since 2022. More people are choosing to hold. Less selling = stronger price floor.

master

Meanwhile, favorable macroeconomic developments, such as an increase in the global M2 money supply, could also benefit BTC. Crypto analyst Jelle shared the following daily chart illustrating how BTC’s price tends to lag behind movements in the M2 money supply.

jelle

Analysts Forecast Ambitious BTC Price Targets

Technical indicators, such as Fibonacci extension levels, point toward Bitcoin potentially reaching as high as $135,000 by August 2025. However, for this upward trajectory to continue, BTC must maintain its current price level and avoid dropping below $93,500.

Further, some analysts suggest that BTC may soon mirror gold’s historic price action, with estimates predicting that the ‘digital gold’ could surge to as high as $450,000 by the end of the year. At press time, BTC is trading at $95,374, up 2.4% in the last 24 hours.

bitcoin

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Will Soar, Altcoins Won’t—Charles Edwards Explains Why

In an interview with Korean crypto researcher Juhyuk Bak, also known as @JuhyukB, Capriole Investments CEO Charles Edwards laid out a striking divergence in the crypto asset markets: while Bitcoin

XRP’s Institutional Access Expands With Hashkey Exchange Listing

Hashkey Exchange welcomes XRP, making it more accessible to professional investors, bolstering its position in the digital economy XRP Joins Hashkey Exchange: A New Era of Professional Investor

Altcoin Season Odds Grow Strong As Alts Break Free From Bitcoin’s Shadow

With Bitcoin’s remarkable dominance of the crypto market, speculations were whether an Altcoin Season (Altseason) could occur in the ongoing bull cycle However, recent developments are pointing to

Crypto Bulls See $644M Bloodbath As Bitcoin Dips Below $105,000

Data shows a large number of long liquidations have occurred in the cryptocurrency market as Bitcoin and other assets have plunged Crypto Liquidations Have Surpassed $712 Million Over The Past Day

Bullish Candle Formation Suggests The XRP Price Could Touch $22

Crypto analyst Egrag Crypto has highlighted a bullish candle formation, which could send the XRP price to as high as $22 This comes just as the analyst predicted that the altcoin could hit a $15

Coinbase says FTX repayments could become a $5B market injection

Coinbase analysts believe that the $5 billion repayment round initiated by the FTX Recovery Trust could function as a significant injection of liquidity into digital asset markets, potentially
You have not selected any currencies to display