Bitcoin Price Prediction: First Major BTC Treasury Just Sold Big – Is the Bull Market Officially Finished?

Bitcoin (BTC/USD) is buying and selling round $102,000, down 2.45% in the previous 24 hours, after certainly one of the first company treasuries to undertake BTC, Sequans Communications S.A. (NYSE: SQNS), offered 970 BTC to pay down half of its excellent debt.

The transfer, a part of a steadiness sheet restructuring, has left merchants questioning whether or not the bull market’s momentum is dropping steam.

Sequans Sells 970 BTC, Halves Debt Load

Sequans, a France-based IoT semiconductor firm and early BTC adopter, said it redeemed 50% of its $189 million convertible debt, lowering leverage to $94.5 million. The sale introduced its Bitcoin holdings all the way down to 2,264 BTC from 3,234 BTC, value roughly $240 million at present costs.

The agency’s debt-to-NAV ratio dropped from 55% to 39%, giving it extra flexibility to optimize its treasury technique.

Despite the sale, CEO Georges Karam reaffirmed Sequans’ long-term dedication to Bitcoin, calling the transfer “a tactical resolution to strengthen monetary foundations.” The firm plans to broaden its ADS buyback program, probably boosting its Bitcoin-per-share metrics.

BTC Technical Picture: $100K Support in Focus

Bitcoin price prediction stays bearish as BTC’s newest drop extends a pointy 8% correction from $111,000, carving a descending wedge on the 4-hour chart, a construction that always precedes bullish reversals. The chart exhibits fading bearish momentum, with every selloff producing greater lows inside converging trendlines.

Momentum indicators additionally present blended indicators. The RSI at 31 flirts with oversold territory, whereas a delicate bullish divergence hints that accumulation could also be underway. Meanwhile, the 50-EMA ($103,500) and 200-EMA ($105,200) cap the upside.

If BTC reclaims $103,600, a short-term rebound might goal $106,300, then $111,200, aligning with prior resistance zones. A failure to carry $100,400, nevertheless, might invite a deeper correction towards $97,600–$95,000, close to September’s value base.

What Comes Next for BTC?

Traders stay divided on whether or not Sequans’ sale indicators broader institutional warning or a brief adjustment. From a technical standpoint, Bitcoin’s wedge formation suggests the market could also be nearing a neighborhood backside.

A confirmed breakout above $103,600 might open a restoration path towards $115,000 and probably $120,000, assuming quantity helps the transfer.

For now, short-term sentiment stays fragile, however long-term conviction in Bitcoin’s position as a reserve asset seems intact, significantly as company treasuries like Sequans refine their steadiness sheet methods forward of the subsequent market cycle.

Bitcoin Hyper: The Next Evolution of BTC on Solana?

Bitcoin Hyper ($HYPER) is bringing a brand new part to the Bitcoin ecosystem. While BTC stays the gold commonplace for safety, Bitcoin Hyper provides what it all the time lacked: Solana-level pace.

Built as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), it merges Bitcoin’s stability with Solana’s high-performance framework. The outcome: lightning-fast, low-cost sensible contracts, decentralized apps, and even meme coin creation, all secured by Bitcoin.

Audited by Consult, the venture emphasizes belief and scalability as adoption builds. And momentum is already sturdy. The presale has surpassed $25.9 million, with tokens priced at simply $0.013225 earlier than the subsequent improve.

As Bitcoin exercise climbs and demand for environment friendly BTC-based apps rises, Bitcoin Hyper stands out as the bridge uniting two of crypto’s greatest ecosystems. If Bitcoin constructed the basis, Bitcoin Hyper might make it quick, versatile, and enjoyable once more.

Click Here to Participate in the Presale

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