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Bitcoin price continues to rise even as one sovereign seller tightens, despite this one bullish technical forecast. Bhutan’s royal government transferred another 319.7 BTC ($22.68 million) on Thursday, continuing a liquidation that has reduced its holdings by 70% since October 2024.
According to Arkham Intelligence data, approximately 250 BTC from Thursday’s transfer was sent to a wallet previously used for sales via Galaxy Digital and OKX. Another 69.7 BTC went to a new, unmarked address. Bhutan’s stack collapsed from 13,000 BTC to just 3,954 BTC, still worth $280 million, with $215 million leaving his address in 2025 alone.
As Bhutan sells, Michael Saylor’s strategy added 4,871 BTC last weekend, US spot ETFs absorbed around 50,000 BTC in March, and options markets pile $80K calls.
The difference between Bhutan’s exit and institutional accumulation creates one of the more interesting technical moments Bitcoin has seen this cycle.
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Bitcoin Price Prediction: $80K On The Table?
Bitcoin clawed back from lows of $67,000, cutting higher lows along a rising trendline. The current price of $72,000 is above the 50-day EMAs, a stacked setup that historically precedes continuation moves. MACD shows bullish divergence. RSI holds at 60, leaving significant room ahead of overbought territory.
Analyst targets are split into two camps, with some seeing $79K–$80K as the immediate destination, citing the H4 consolidation pattern and healthy pullback from recent highs. Another agrees on the near-term target of $79K–$84K, but warns against a sharp reversal after that, with $40K–$48K as a possible retest.
For Bitcoin, a clean break above $77,500 on strong IBIT inflows could trigger a run to $80,000. Or there will be more consolidation between $70,000 and $72,000 as the market digests Bhutan’s selling pressure.
But a close below $70,000 reopens the $67,000 support cluster and puts the recovery thesis at risk.
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Bitcoin Hyper targets early-move upside as Bitcoin tests key levels
Here’s the tension with buying Bitcoin now. The $80K profit is real, but it’s only a 10% profit. The risk-reward calculation differs in earlier stages of the ecosystem. As BTC tests its critical resistance band, attention shifts to infrastructure plays being built directly on Bitcoin’s rails, where the multiples are still open.
Bitcoin Hyper ($HYPER) positions itself at that intersection. The project bills itself as the first Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, targeting sub-second finality and smart contract execution that the base chain simply cannot deliver.
The pitch is not theoretical: the presale has already raised over $32 million, with $HYPER currently priced at $0.0136. Strike is live with high APY incentives for early entrants. The Decentralized Canonical Bridge handles native BTC transfers, keeping the security model anchored to Bitcoin itself.
For those already exploring the space, Bitcoin Hyper’s full presale details are available here.
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While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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