Bitcoin Price Surge: Swissblock’s Index Signals Potential Breakout Above $115,000

Despite a recent pause below its all-time high, Bitcoin is showing no signs of a bearish reversal according to new analysis from Swissblock Technologies. The private wealth manager’s Bitcoin Fundamental Index (BFI) suggests a strong underlying trend that could see the price break through the $115,000 mark in May.              

Swissblock attributes this positive outlook to several factors: BFI has remained within its neutral range since August 2024, indicating on-chain momentum keeps pace with price movements. The firm’s analysis reveals that even during the February and March pullbacks, BFI never dipped into weakness, suggesting strong demand underlying the market.