Has Bitcoin price prediction turned a corner, with real on-chain movement toward $175,000 — or are we skipping steps by already entertaining BlackRock’s $700,000 thesis?

Table of Contents

BTC nears $98K as bullish momentum reignites

After weeks of sideways movement, Bitcoin (BTC) nearly touched $98,000 on May 2, reaching a high of $97,905. As of this writing, BTC is trading around $97,650, slightly below its peak but still holding most of its recent gains.

From a historical standpoint, Bitcoin has recovered more than 24% from its February low of $78,200 and more than 30% from the early April dip near $75,000.

The rally places Bitcoin at its highest level in over two months and points to a potential reversal of the decline triggered by February’s macroeconomic turbulence. 

…