Bitcoin Price Analysis: BTC Dips As Markets Await US CPI Numbers
Bitcoin’s (BTC) rally stalled over the weekend after it failed to move past $105,000 after hitting a wall of resistance. The flagship cryptocurrency started the week facing selling pressure and volatility, falling to an intraday low of $100,692 before rebounding to $102,729.
BTC has recovered during the ongoing session, with the price up nearly 1% and trading at $103,744.
Strategy Adds To Bitcoin Holdings
Michael Saylor’s Strategy has announced the purchase of 13,390 Bitcoin for $1.34 billion, taking the firm’s total holdings to 568,840 Bitcoin, worth over $59 billion at current prices. The latest purchase was announced by Executive Chairman Michael Saylor, adding that the latest addition was made at an average price of $99,856 per BTC. Strategy’s Bitcoin stash has an average cost basis of $69,287, with a year-to-date yield of 15.5% in 2025.
Strategy financed the purchase through the sale of 3.22 million shares of common stock and 273,987 shares of its Series STRK preferred stock, raising $1.43 billion between May 5 and May 11. According to filings, Strategy still has over $40 billion worth of stock authorized for future issuance across both classes. Strategy has continued its aggressive Bitcoin acquisition strategy since 2020, becoming the largest public holder of the asset.
Eric Trump’s American Bitcoin To Go Public
American Bitcoin, the crypto mining firm backed by Donald Trump’s sons, Eric Trump and Donald Trump Jr., is set to go public on Nasdaq via an all-stock merger with Gryphon Digital Mining. Shares of Gryphon soared over 300% following the news. The combined company will begin trading under the ticker symbol “ABTC.” Market experts expect the transaction to conclude by the third quarter of 2025. Existing shareholders, including Eric Trump and Donald Trump Jr., will own 98% of the new entity.
The move is the latest high-profile move from the Trump family’s expanding crypto empire, including the TRUMP meme coin. Co-founder and chief strategy officer of American Bitcoin, Eric Trump, called the move part of a broader strategy to cement America’s leadership in the global Bitcoin mining race.
“Every single sophisticated country is using their excess power to mine Bitcoin.”
He also distanced himself from any direct involvement in the Trump administration. However, he asserted the US must maintain a competitive edge in the crypto sector.
KindlyMD And Makamoto Announce Merger
Utah-based healthcare firm KindlyMD has merged with Makamoto, a public Bitcoin-oriented entity to launch one of the most ambitious Bitcoin treasuries to date. The new entity will be positioned as a publicly traded Bitcoin conglomerate that aims to push BTC into the center of global capital markets. The deal also includes a $510 million private placement and $200 million in convertible notes, making it the largest PIPE ever in a public crypto-related transaction. KindlyMD shares surged over 650% following the announcement.
“KindlyMD, Inc. (NASDAQ: KDLY, “KindlyMD”), a leading provider of integrated healthcare services, today announced that it has entered into a definitive merger agreement with Nakamoto Holdings Inc. (“Nakamoto”), a Bitcoin-native holding company, to start a Bitcoin treasury strategy. Nakamoto is a new holding company founded by David Bailey. In partnership with BTC Inc., Nakamoto seeks to build the first global network of Bitcoin treasury companies. This is the first step in Nakamoto’s vision for an ecosystem of Bitcoin-native companies, including media, advisory, and financial services, that exist to accelerate Bitcoin adoption and utility.”
David Bailey, a Bitcoin advocate and advisor to Donald Trump’s 2024 campaign, will be the CEO of the new entity. Bailey has been tasked with creating a new type of financial institution using Bitcoin as a core asset. Bailey released a statement, saying,
“Every balance sheet, public or private, will hold Bitcoin. We intend to be the first conglomerate designed for that world.”
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) dropped to $100,000 on Monday, starting the week in the red. The flagship cryptocurrency encountered selling pressure after racing to $104,773 on Saturday. With traders also booking profits, selling pressure intensified on Sunday as the price dropped to $103,804. BTC encountered volatility on Monday as buyers attempted to build momentum while sellers tried to drive BTC below $100,000. As a result, the price fell to a low of $100,692 before rebounding to $102,729. BTC’s pullback coincided with macroeconomic shifts, including a strengthening US Dollar Index and renewed optimism around a US-China trade deal, boosting equities and leading to considerable profit-booking in crypto. Analysts have pointed out that the $100,000 level remains a crucial psychological and liquidation level, with over $3.4 billion in long-positions exposed to downside risk if selling pressure persists. Analysts believe BTC could enter a period of consolidation as selling pressure and resistance impact price action.
“BTC Supply Mapping shows sustained strength in new demand. First-Time Buyers RSI has held at 100 all week. But Momentum Buyers remain weak (RSI ~11), and Profit Takers are rising. If fresh inflows slow, lack of follow-through could lead to consolidation.”
While BTC has lost momentum this week, analysts believe several factors, like Strategy announcing its latest Bitcoin purchase, the merger between KindlyMD and Nakamoto, and the 90-day tariff pause between the US and China, could push it to a new all-time high. BTC has shown sensitivity towards tariffs, with the initial wave driving the price below $80,000. BTC’s latest rally was driven by positive news surrounding the US-China trade talks and the US-UK trade deal. More positive news around tariffs will continue to push the price higher.
BTC registered a sharp decline the previous weekend, dropping 0.98% on Saturday and 1.66% on Sunday to settle at $94,390. Despite the bearish sentiment, BTC recovered on Monday, rising 0.41% to $94,773. Bullish sentiment intensified on Tuesday as the price rose 2.19% to cross $96,000 and settle at $96,845. A marginal increase on Wednesday allowed BTC to claim $97,000 and settle at $97,013. Markets rallied on Thursday after President Donald Trump announced the US-UK trade deal. As a result, BTC soared over 6%, surging past $100,000 and settling at $103,096.
Source: TradingView
The rally stalled on Friday as buyer exhaustion set in, and BTC registered a marginal decline, slipping below $103,000 and settling at $102,851. Price action turned positive on Saturday as BTC registered an increase of over 2% and settled at $104,617. BTC could not push higher as it ran into a wall of resistance around $105,000. As a result, the price dropped nearly 1% on Sunday and settled at $103,804. BTC encountered volatility on Monday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price dropped over 1% to $102,729, but not before falling to an intraday low of $100,692. BTC has registered a marginal increase during the ongoing session as buyers look to build momentum and retest the resistance at $105,000.
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.
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