Bitcoin to Set for $88K Breakout? $131M in Bitcoin ETFs Inflows and Saylor’s $285M Can Make it Possible

Bitcoin has again defied expectations, maintaining remarkable price stability despite ongoing macroeconomic turmoil. Experts credit this resilience to the steadfastness of spot Bitcoin ETF investors and Michael Saylor’s aggressive accumulation strategy, which have absorbed market sell-offs and kept the flagship cryptocurrency afloat.

Bitcoin ETF Investors and Saylor: The “Stronger Hands” Behind Bitcoin’s Stability

Bloomberg ETF analyst Eric Balchunas highlighted the crucial role of Bitcoin ETFs and Saylor’s firm in stabilizing the market. “The ETFs and Saylor have been buying up all ‘dumps’ from the tourists, FTX refugees, GBTC discounters, legal unlocks, govt confiscations, and Lord knows who else,” Balchunas said in an April 16 post on X (formerly Twitter).\

Bitcoin ETFs have eked out positive inflows past month and YTD and $IBIT is +2.4b YTD (Top 1%). Impressive and IMO helps explain why btc's price has been relatively stable: bc it's owners are more stable! For the past 15mo the ETFs and Saylor have been buying up all 'dumps' from… pic.twitter.com/X40b2bgjEL

— Eric Balchunas (@EricBalchunas) April 16, 2025

Over the past 30 days, spot Bitcoin ETFs attracted $131.04 million in inflows and have amassed $2.4 billion since the start of 2025, an “impressive” figure that helps explain Bitcoin’s relative price steadiness, Balchunas noted. He emphasized, “Its owners are more stable,” adding that Bitcoin ETF investors have “much stronger hands than most people think.” These sentiments are going to enhance Bitcoin’s long-term stability by lowering volatility. 

MicroStrategy to HODL Bitcoin To The End

Meanwhile, Michael Saylor’s firm, Strategy, demonstrates unwavering confidence in Bitcoin. On April 14, Strategy bought 3,459 BTC for $285.5 million at an average price of $82,618 per coin, bringing its total holdings to 531,644 BTC, according to Saylor Tracker. Saylor has publicly stated, “You do not sell your #Bitcoin,” underscoring his firm’s commitment to holding despite market fluctuations.

You do not sell your #Bitcoin.

— Michael Saylor (@saylor) January 11, 2024

Bitcoin Price Shows Resilience Amid Global Uncertainty

Bitcoin’s volatility index is at 1.80% as of now, which is considered crucially low. However, the cryptocurrency has continued to maintain above $84,000, well recovered from the $74K low. This stability comes in the face of uncertain market conditions amid the U.S.-China Trade war. 

Bitcoin Price Analysis: $85,000 Woes Continue

Bitcoin commenced trading around the $84,000 mark. At the beginning of the day, Bitcoin found its bottom near $83,935. With an early golden cross on the MACD, Bitcoin attempted upward movement, but could not sustain it. The selling pressure took control and brought Bitcoin back to the $83,800 resistance. At 4:20, the EMAs formed a golden cross, and Bitcoin climbed to $84,960 before facing a reversal. The following downtrend took BTC to $84,221. Bitcoin attempted another upward movement, but failed to make any meaningful progress, falling to the support again. With the coin now oversold, a wide golden cross formed on the MACD, and an extended uptrend followed. 

Chart 1: published on TradingView, April 18, 2025

The uptrend took Bitcoin to $85,446 by 18:30 UTC. The conditions were overbought at this time, and the correction arrived. However, Bitcoin was able to find support at $84,500. With a strong support established, Bitcoin went on to test the $85,150 resistance multiple times. However, these attempts have been unsuccessful so far. As of the last update on April 18, Bitcoin was on a slow downtrend after testing the resistance level. 

Bitcoin Price Prediction: Can Bitcoin Leave $85K Behind Soon?

In the past week, Bitcoin has followed a definite pattern. The Bitcoin price breaches the $85K mark, fails to hold on to the gains, and then gets corrected to $ 83 K- 84 K. A similar story has unfolded in the past 24 hours. As of now, the buying pressure is also inadequate to facilitate an uptrend. Given that, it seems highly likely that Bitcoin may test the resistance today, fail to move past, and then face corrections that will take it to the $84K level.