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David nodded
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Bitcoin price is still rising, even as one sovereign seller is getting louder, despite this bullish technical prediction. The Royal Government of Bhutan transferred another 319.7 bitcoins ($22.68 million) on Thursday, continuing a liquidation process that has reduced its holdings by 70% since October 2024.
According to Arkham Intelligence data, about 250 bitcoins from Thursday’s transfer were directed to a wallet previously used for sales via Galaxy Digital and OKX. Another 69.7 bitcoins went to a new, unspecified address. Bhutan’s pile has collapsed from 13,000 BTC to just 3,954 BTC, still worth $280 million, with $215 million leaving addresses held in 2025 alone.
As Bhutan sells off, Michael Saylor’s strategy added 4,871 BTC at the end of last week, US spot ETFs absorbed nearly 50,000 BTC in March, and options markets piled on $80,000 worth of calls.
The divergence between Bhutan’s exit and institutional accumulation serves as one of the more interesting technical moments Bitcoin has seen this cycle.
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Bitcoin Price Prediction: $80K on the Table?
Bitcoin has rebounded from the lows of $67,000, hitting new lows along an uptrend line. The current price of $72,000 is above the 50-day moving average, a stacked formation that historically precedes sustained moves. The MACD indicator is showing a bullish divergence. The RSI holds at 60, leaving plenty of space before the overbought zone.
Analysts’ targets are divided into two camps, with some seeing $79K-$80K as the immediate destination, pointing to an hourly consolidation pattern and a healthy bounce off the recent highs. Another agrees with the near-term target of $79,000-$84,000, but warns of a sharp reversal after that, with a possible retest of $40,000-$48,000.
For Bitcoin, a clean break above $77,500 on strong IBIT inflows could lead to a rally towards $80,000. Or there will be further consolidation between $70,000-72,000 as the market absorbs selling pressure in Bhutan.
However, a close below $70,000 reopens the $67,000 support group and puts the recovery thesis in jeopardy.
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Bitcoin Hyper targets early uptrend as Bitcoin tests key levels
That’s the tension with buying Bitcoin now. The upside to $80k is real, but it’s just a 10% gain. The calculation of risk and reward varies in the early stages of an ecosystem. While BTC is testing its critical resistance rangeAttention is turning to infrastructure that relies directly on Bitcoin tracks, where multiples are still open.
Bitcoin Hyper ($HYPER) The same is positioned at this intersection. The project bills itself as the first Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, targeting the sub-second end and implementation of smart contracts that the main chain simply cannot provide.
The pitch is not theoretical: the pre-sale has already raised more than 32 million dollarscurrently priced at HYPER at $0.0136. The staking process is live with high APY incentives for early participants. The decentralized canonical bridge handles the original Bitcoin transfers, keeping the security model tied to Bitcoin itself.
For those who are already looking into space, Full details of the Bitcoin Hyper pre-sale are available here.
