Shocking! Bitcoin Set to Soar to $2.3 Million, Can You Imagine?

TradingKey - Bitcoin failed to break through the $95,000 mark again. However, ARK Invest is bullish on its future, predicting it will reach $2.4 million.

On Friday, Bitcoin (BTC) attempted to hit the $95,000 resistance level. It peaked at $94,444 but has since pulled back to $93,288.

Bitcoin price trend chart, source: TradingView.

According to Lookonchain, U.S. Bitcoin ETFs saw a net inflow of 10,611 BTC (about $984 million) last night. However, short-term holders are selling off. Blockchain data platform Glassnode noted that nearly 5% of Bitcoin supply changed hands. Short positions have increased as some short-term holders took profits.

In contrast to short-term investors, institutions continue to accumulate Bitcoin. Data shows that since 2025, public companies have been buying over 30,000 BTC monthly. John D'Agostino, Coinbase's institutional strategy head, revealed that sovereign wealth funds and insurance funds have been quietly accumulating Bitcoin in April.

Previously, Standard Chartered's head of digital assets, Geoffrey Kendrick, predicted Bitcoin could reach $200,000 by the end of 2025 and $500,000 by 2028. ARK Invest is even more optimistic, forecasting Bitcoin could rise to about $2.4 million during the 2030 bull market.