{"id":391071,"date":"2025-05-03T11:33:24","date_gmt":"2025-05-03T06:03:24","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-price-eyes-100k-as-saylor-buys-1-42b-btc-fed-decision-looms-crypto-news\/"},"modified":"2025-05-03T11:33:24","modified_gmt":"2025-05-03T06:03:24","slug":"bitcoin-price-eyes-100k-as-saylor-buys-1-42b-btc-fed-decision-looms-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-price-eyes-100k-as-saylor-buys-1-42b-btc-fed-decision-looms-crypto-news\/","title":{"rendered":"Bitcoin Price Eyes $100k as Saylor Buys $1.42B BTC \u2014 Fed Decision Looms &#8211; Crypto News"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"800\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Price-Eyes-100k-as-Saylor-Buys-1.42B-BTC-\u2014-Fed-Decision-Looms.webp\" class=\"attachment-full size-full wp-post-image\" alt=\"Bitcoin Price Eyes $100k as Saylor Buys $1.42B BTC \u2014 Fed Decision Looms\" style=\"float:right;margin:0 0 10px 10px\" \/><\/p>\n<p><span style=\"font-weight: 400\">Michael Saylor\u2019s Strategy has doubled down on its Bitcoin bet, acquiring 15,355 BTC for $1.42 billion at an average price of $92,737\u2014marking its third mega-purchase this April after buys of $555.8 million at $84,785\/BTC and $285.8 million at $82,618\/BTC. With a 13.7% YTD yield on its BTC holdings, Bitcoin price consolidates near $96k ahead of the May 7 Fed meeting.<\/span><\/p>\n<h2><strong>Bitcoin Technicals Signal Extended Rally<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">An interesting <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/tztokchad\/status\/1918334132142121163\">observation<\/a> on the daily Bitcoin price chart is the extended bull runs after the 1-day RSI has crossed above 70. Such instances have historically resulted in 40% to 70% up moves in the next 30 to 40 days.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">As of May 3, Bitcoin\u2019s daily RSI has just crossed the 70-mark. If history repeats, this could be the last time to accumulate Bitcoin below $100k.\u00a0<\/span><\/p>\n<figure id=\"attachment_251234\" aria-describedby=\"caption-attachment-251234\" style=\"width: 2108px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-251234\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/05\/Gp9KuDHWIAAa_a9.jpeg\" alt=\"Bitcoin Price Eyes $100k as Saylor Buys $1.42B More BTC \u2014 Fed Decision Looms\" width=\"2108\" height=\"1266\" \/><figcaption id=\"caption-attachment-251234\" class=\"wp-caption-text\">Bitcoin price 1-day chart showing RSI crossing 70<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Will Bitcoin price continue its ascent beyond $100k? Apart from technicals a macroeconomic policies, <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/us-reaches-out-to-china-as-donald-trump-seeks-tariff-negotiations-report\/\"><span style=\"font-weight: 400\">Trump\u2019s trade war negotiations<\/span><\/a><span style=\"font-weight: 400\"> also impact the price of BTC.\u00a0\u00a0<\/span><\/p>\n<h2><strong>Macro Factors Influencing BTC Price<\/strong><\/h2>\n<ol>\n<li><span style=\"font-weight: 400\"> Fed Meeting Impact on May 7<\/span><\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">There is a 97.2% probability that the rates remain unchanged at the 425 to 450 basis point range, according to the <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\"><span style=\"font-weight: 400\">CME FedWatch Tool<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Potential outcomes:<\/span>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A dovish tone from the Fed could result in a bullish leg propelling BTC to revisit $100k.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">On the other hand, a hawkish surprise could lead to a Bitcoin pullback to $92.2k support. A breakdown of this level could lead to steep corrections to $88k and $85.4k.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<figure id=\"attachment_251235\" aria-describedby=\"caption-attachment-251235\" style=\"width: 2000px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-251235\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/05\/target-rate-probabilitie-2.png\" alt=\"Bitcoin Price Eyes $100k as Saylor Buys $1.42B More BTC \u2014 Fed Decision Looms\" width=\"2000\" height=\"1000\" \/><figcaption id=\"caption-attachment-251235\" class=\"wp-caption-text\">CME FedWatch Tool rate probabilities<\/figcaption><\/figure>\n<ol start=\"2\">\n<li><span style=\"font-weight: 400\"> The Dollar Index (DXY) weakens<\/span><\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">As noted in previous CoinGape articles, the dollar Index, DXY, has collapsed nearly 11% in the past 100 days and current sits around 100.036. A further push into 100.820 could result in a steep rejection down to 91.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Although the <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/us-job-data-hints-dampens-market-sentiment-whats-next-for-bitcoin\/\"><span style=\"font-weight: 400\">April Nonfarm Payrolls<\/span><\/a><span style=\"font-weight: 400\"> didn\u2019t push DXY lower, the Fed\u2019s decision on macroeconomic policy could drive US dollar lower. This development could propel Bitcoin price higher.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"3\">\n<li><span style=\"font-weight: 400\"> Institutional Demand<\/span><\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Spot Bitcoin ETF has noted $4 billions in net flows since March 25.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Adding a tailwind to institutional accumulation is MicroStrategy\u2019s total April buys reaching north of 25,370 BTC worth $2.44 billion.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><strong>Critical Bitcoin Levels to Watch<\/strong><\/h2>\n<p>With Nonfarm Payrolls out of the way, another volatile event, the Fed meeting on May 7, looms, which could induce volatility. Here are some key levels to watch for Bitcoin (BTC).<\/p>\n<p><span style=\"font-weight: 400\">Resistance Levels<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">$108k (all-time high)<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">$100k (psychological barrier)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Support Zones<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">$92k to $93k<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">$88.4k\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">$85.8k<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">To conclude, the overall <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/price-predictions\/bitcoin-btc-price-prediction\/\"><span style=\"font-weight: 400\">Bitcoin price prediction<\/span><\/a><span style=\"font-weight: 400\"> remains bullish with targets beyond $100k in 2025. However, investors need to be cautious as BTC could chop around before it embarks on an exponential uptrend.<\/span><\/p>\n<p>The post <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/bitcoin-price-eyes-100k-as-saylor-buys-1-42b-btc-fed-decision-looms\/\">Bitcoin Price Eyes $100k as Saylor Buys $1.42B BTC \u2014 Fed Decision Looms<\/a> appeared first on <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\">CoinGape<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Saylor\u2019s Strategy has doubled down on its Bitcoin bet, acquiring 15,355 BTC for $1.42 billion at an average price of $92,737\u2014marking its third mega-purchase this April after buys of $555.8 million at $84,785\/BTC and $285.8 million at $82,618\/BTC. With a 13.7% YTD yield on its BTC holdings, Bitcoin price consolidates near $96k ahead of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-391071","post","type-post","status-publish","format-standard","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=391071"}],"version-history":[{"count":0,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391071\/revisions"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=391071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=391071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=391071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}