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

Bitcoin (BTC/USD) is trading around $102,000, down 2.45% in the past 24 hours, after one of the first corporate treasuries to adopt BTC, Sequans Communications S. A. (NYSE: SQNS), sold 970 BTC to pay down half of its outstanding ￰0￱ move, part of a balance sheet restructuring, has left traders questioning whether the bull market’s momentum is losing ￰1￱ Sells 970 BTC, Halves Debt Load Sequans, a France-based IoT semiconductor company and early BTC adopter, said it redeemed 50% of its $189 million convertible debt, reducing leverage to $94.5 ￰2￱ sale brought its Bitcoin holdings down to 2,264 BTC from 3,234 BTC, worth roughly $240 million at current ￰3￱ firm’s debt-to-NAV ratio dropped from 55% to 39%, giving it more flexibility to optimize its treasury ￰4￱ the sale, CEO Georges Karam reaffirmed Sequans’ long-term commitment to Bitcoin, calling the move “a tactical decision to strengthen financial foundations.” The company plans to expand its ADS buyback program, potentially boosting its Bitcoin-per-share ￰5￱ Technical Picture: $100K Support in Focus Bitcoin price prediction remains bearish as BTC’s latest drop extends a sharp 8% correction from $111,000, carving a descending wedge on the 4-hour chart, a structure that often precedes bullish ￰6￱ chart shows fading bearish momentum, with each selloff producing higher lows inside converging ￰7￱ Price Chart –) and 200-EMA ($105,200) cap the ￰8￱ BTC reclaims $103,600, a short-term rebound could target $106,300, then $111,200, aligning with prior resistance zones.

A failure to hold $100,400, however, could invite a deeper correction toward $97,600–$95,000, near September’s price ￰9￱ Comes Next for BTC? Traders remain divided on whether Sequans’ sale signals broader institutional caution or a temporary ￰10￱ a technical standpoint, Bitcoin’s wedge formation suggests the market may be nearing a local bottom. A confirmed breakout above $103,600 could open a recovery path toward $115,000 and potentially $120,000, assuming volume supports the ￰11￱ now, short-term sentiment remains fragile, but long-term conviction in Bitcoin’s role as a reserve asset appears intact, particularly as corporate treasuries like Sequans refine their balance sheet strategies ahead of the next market ￰12￱ Hyper: The Next Evolution of BTC on Solana?

Bitcoin Hyper ($HYPER) is bringing a new phase to the Bitcoin ￰13￱ BTC remains the gold standard for security, Bitcoin Hyper adds what it always lacked: Solana-level ￰14￱ as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), it merges Bitcoin’s stability with Solana’s high-performance ￰15￱ result: lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation, all secured by ￰16￱ by Consult , the project emphasizes trust and scalability as adoption ￰17￱ momentum is already ￰18￱ presale has surpassed $25.9 million, with tokens priced at just $0.013225 before the next ￰19￱ Bitcoin activity climbs and demand for efficient BTC-based apps rises, Bitcoin Hyper stands out as the bridge uniting two of crypto’s biggest ￰20￱ Bitcoin built the foundation, Bitcoin Hyper could make it fast, flexible, and fun ￰21￱ Here to Participate in the Presale