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 recorded a net inflow of 10,611 BTC (approximately  $984 million) last night. However, short-term holders appear to be selling . Blockchain analytics platform Glassnode reported that nearly 5% of the total Bitcoin supply changed hands, with an increase in short positions as some short-term investors took profits.

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

Previously,  Geoffrey Kendrick, Head of Digital Assets at Standard Chartered , predicted that Bitcoin could reach $200,000 by the end of 2025 and $500,000 by 2028. ARK Invest has offered an even more bullish outlook, forecasting that Bitcoin could surge to around $2.4 million during the 2030 bull market.