Bitcoin’s Bullish Surge: $100K Milestone Just the Start?

Bitcoin has once again captured the attention of investors as it surges past the $100,000 mark, signaling a renewed bullish momentum in the cryptocurrency market. Analysts are now eyeing $109,000 as the next potential target, with the digital asset showing remarkable resilience after rebounding from last month’s lows of $74,000. This upward trajectory has outpaced many altcoins, which continue to lag behind their 2024 peaks. Improved market sentiment, fueled by easing trade tensions, has created a favorable environment for further gains. Historical patterns suggest that Bitcoin’s current bull cycle may still be in its early stages, with Rekt Capital highlighting the asset’s potential for continued growth. As of May 9, 2025, the cryptocurrency market remains optimistic about Bitcoin’s future, with many believing that the $100,000 milestone is just the beginning of a much larger rally.

$100k Just The Beginning For Bitcoin?

Bitcoin’s resurgence above $100,000 signals renewed bullish momentum, with analysts eyeing $109,000 as the next target. The cryptocurrency has rebounded sharply from last month’s $74,000 lows, outpacing altcoins that remain well below their 2024 peaks.

Market sentiment is improving as trade tensions ease, creating fertile ground for further gains. Historical patterns suggest Bitcoin’s bull cycle may be in early stages—Rekt Capital notes the asset underwent four "Price Discovery Corrections" before peaking in both 2017 and 2021.

Bitcoin Tops $100K Again! Changpeng “CZ” Zhao Urges Traders to ‘Stay Calm and Hold’

Bitcoin surged past $100,000, trading at $103,755, reigniting bullish sentiment after weeks of volatility. The rebound from sub-$80,000 levels has shifted market fear into optimism.

Binance co-founder Changpeng "CZ" Zhao emphasized simplicity in crypto investing: avoid panic selling. His remarks on X underscored a foundational principle for long-term holders.

CryptoQuant CEO Retracts Bitcoin Bull Cycle Prediction as BTC Surges Past $100k

CryptoQuant CEO Ki Young Ju has publicly acknowledged his miscalculation regarding Bitcoin’s bull cycle, retracting his earlier claim that the rally had ended. The admission follows Bitcoin’s resurgence above the $100,000 threshold on May 8—a MOVE coinciding with former President Trump’s announcement of a new U.K. trade deal.

"I apologize for the incorrect prediction. I will strive to provide higher-quality analyses in the future," Ju stated, emphasizing the market’s evolution beyond whale-and-retail dynamics. The transitional phase now reflects broader institutional participation, though the CEO’s remarks notably omit specific catalysts beyond macroeconomic triggers.

South Korea’s Crypto Policy Shift and Institutional Bitcoin ETF Inflows Signal Market Revival

South Korea’s presidential frontrunner Lee Jae-myung has pledged to deregulate cryptocurrency markets, including approving spot Bitcoin ETFs—a move that could open Asia’s fourth-largest economy to institutional crypto investment. This policy shift coincides with accelerating capital inflows into US-listed Bitcoin ETFs, which have attracted $5.3 billion over three consecutive weeks.

Market analysts note bitcoin Layer 2 solutions like Bitcoin Pepe are emerging as strategic plays ahead of anticipated price appreciation. The institutional participation now driving this rally marks a stark contrast to previous retail-dominated cycles, suggesting more sustainable price support.

Raoul Pal Predicts Altcoin Season as Bitcoin Dominance Declines

Bitcoin’s surge past $100,000 has ignited speculation of an impending altcoin rally. Macro investor Raoul Pal argues that Bitcoin’s dominance has peaked, signaling the start of a parabolic growth phase for alternative cryptocurrencies. The market appears to agree—BTC’s dominance index dropped to [X]% after two months of steady gains.

The shift comes as Bitcoin itself continues its record-breaking run, climbing [Y]% in the past week alone. This divergence between BTC’s price action and its market share mirrors previous cycles where altcoins eventually outperformed. "When dominance breaks," Pal observes, "the floodgates open for everything else."

Not all analysts share this optimism. Some caution that Bitcoin’s recent ETF inflows and institutional adoption could prolong its outperformance. The coming weeks will test whether capital truly rotates into altcoins or continues concentrating in the market leader.