Blockware Intelligence Newsletter: Week 175
Blockware Intelligence Newsletter: Week 175Bitcoin on-chain analysis, mining analysis, macro analysis; overview of 5/3/25 – 5/9/25
100,000 Subscribers — Thank YOU! Bitcoin’s price surpassed $100k and the Blockware Intelligence Newsletter surpassed 100,000 subscribers. Sincerely, thank you. We’re honored to share our market insights with you each and every week. Here’s to the next 100,000.
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$150,000 May Be Closer than it Appears We’ve been calling for a rally the past few weeks and it is here. BTC, as you no doubt know by now, is back above $100,000 – reaching the top portion of its 6-month trading range. The trend from the past two and half years has been this: > Pump > Consolidate > Shakeout > Repeat A series of 50% moves higher followed by a period of consolidation, shaking out the weak handed holders. A 50% move from the current range would see Bitcoin hit ~$150,000. Given many of the bullish indicators we discussed in last week’s newsletter (and one’s we’ll discuss in this newsletter as well), we wouldn’t be surprised to see $150k BTC by the end of Q2. The continuation of this trend is the best case scenario for those dollar-cost averaging, and the worst case scenario for high-time preference speculators.
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