Bitcoin Price Analysis: Markets Don’t Think BTC Will Go Higher Than $138,000 In 2025

Bitcoin’s (BTC) momentum has stalled this week after it surged to an intraday high of $88,839 on Monday. The flagship cryptocurrency lost momentum after reaching this level, dipping to a low of $85,842. BTC is down over 1% and trading around $86,250. 

BTC continues to face selling pressure closer to the $90,000 mark. However, the shallow pullback suggests bulls are not ceding ground, and traders view the price dips as buying opportunities. Bitcoin bulls have maintained consistent pressure as they look to push the price above $90,000. There have been several positive signs in favor of Bitcoin bulls, including consistent inflows in US Bitcoin ETFs, indicating that institutional interest in the asset is picking up again. 

Blockchain Group Purchases 580 BTC 

The Blockchain Group, A tech firm based in France, has announced the purchase of 580 BTC valued at $50.64 million, significantly strengthening its position among global Bitcoin holders. The latest acquisition brings the company’s total holdings to 620 BTC and aligns with its long-term strategy of accumulating and holding BTC as a reserve asset. The Blockchain Group’s Bitcoin acquisition strategy began in November 2024, when the firm started purchasing the asset to optimize its cash reserves. The latest purchase was made through its subsidiary, The Blockchain Group Luxembourg SA, and was financed using proceeds from a convertible bond issuance in early March. 

The firm has said its Bitcoin acquisition strategy is driven by the asset’s unique attributes of security, unparalleled scarcity, and decentralization. 

“The Blockchain Group confirms the acquisition of 580 BTC for ~€47.3 million, the holding of a total of 620 BTC, and a BTC Yield of 709.8% YTD. Confirmation of the acquisition of 580 BTC for ~€47.3 million at ~€81,550 per bitcoin. Total group holdings of 620 BTC for ~€50.5 million at ~€81,480 per bitcoin.”

GameStop Stock Slides After Company Announces Bitcoin Plan 

GameStop (GME) stock dropped over 6% in premarket trading on Thursday after the company announced plans to raise over $1 billion to buy Bitcoin. The company plans to raise the funds through convertible senior notes. The news comes after GameStop stocks soared over 12% after the company announced its board had unanimously approved an update to its investment policy, allowing it to add Bitcoin as a treasury reserve asset. The planned investment in the flagship cryptocurrency comes after several reports suggested GameStop was planning cryptocurrency investments. 

However, Wall Street analysts are hesitant to conclude that GameStop’s investment in Bitcoin would give the video game retailer’s stock upside. Wedbush analyst Michael Pachter stated, 

“The company's strategy, which has changed about six times in three years, is they're going to buy cryptocurrency and be just like MicroStrategy. The problem with that thinking is MicroStrategy trades at about two times their Bitcoin holdings. If GameStop were to buy all bitcoin with their $4.6 billion in cash and trade at two times [their bitcoin holdings,] the stock would drop five bucks.”

Bitcoin (BTC) Price Analysis 

Analysts have concluded that Bitcoin (BTC) retains a $138,000 price target for 2025 as the market stages a recovery from the US trade tariffs. According to data from Polymarket, BTC could still gain 60% from current levels. Bull market predictions have taken a backseat this year, with the crypto market being battered by multiple adverse events. According to the latest assessment, the bull market may be capped at around 60%. The results were uploaded on X and showed that price bets extended all the way down to $59,000. The user who posted the results stated, 

“The great thing about this analysis is that it not only provides a market sentiment score, like the Fear and Greed Index but also attaches to it the expected price target for both bearish and bullish scenarios. This offers a reference to compare one's price prediction with the market's.”

The user also deconstructed the methodology used to analyze the odds across multiple Polymarket arenas, leading to a potential price range extending from $59,000 to $138,600. 

“The $138k Bitcoin price target may not seem bullish to most Bitcoiners, who are accustomed to hearing hyperbolic valuations. However, the market remains conservative as it recovers from the Trump tariff uncertainty.”

Meanwhile, BTC’s price action hit a wall of resistance this week, draining bullish momentum as the flagship asset struggles to surpass the resistance between $88,000 and $90,000. BTC registered a substantial increase on Wednesday as markets rallied, surging over 5% to cross the 20 and 200-day SMAs and settling at $86,878. However, the rally was short-lived as BTC was back in the red on Thursday, dropping over 3%, slipping below the 20 and 200-day SMAs and settling at $84,215. Price action remained bearish on Friday and Saturday as the price registered marginal declines and settled at $83,822. Sentiment changed on Sunday as buying pressure returned. As a result, BTC rose nearly 3%, crossing the 20 and 50-day SMAs and settling at $86,116.

Source: TradingView

BTC surged to an intraday high of $88,839 on Monday as it started the week on a bullish note. However, it could not stay at this level and settled at $87,523, ultimately registering an increase of 1.63%. BTC lost momentum on Tuesday as it encountered selling pressure and volatility, resulting in a marginal decline. Volatility and bearish sentiment persisted on Wednesday as the price dropped 0.54% to $86,942. The current session sees BTC marginally up as buyers and sellers struggle to establish control. Buyers will look to retain control and push the price towards $90,000. A break above $90,000 could set BTC on a course to $100,000. However, the flagship cryptocurrency could slip below the $85,000 support level if sellers regain 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.