Bitcoin Smashes Through $100K—Here’s Why the Rally Won’t Quit
Wall Street’s old guard clutches their pearls as Bitcoin laughs past six figures—again. The king of crypto isn’t just surviving at this altitude, it’s building condos.
Institutional FOMO meets supply shock
BlackRock’s ETF inflows could drown a small nation. Meanwhile, the halving choked new supply to a trickle. Basic economics? Not in TradFi land, where ’scarce’ still means ’we printed more.’
Macro tailwinds or just schadenfreude?
With the dollar wobbling and goldbugs sulking, hedge funds are piling in like it’s 2021—except this time their ’risk management’ PowerPoints have actual numbers.
Wake up, Jamie Dimon: your ’fraud’ just outran every asset class for the decade. Again.
News Catalyst Watch: Will Fresh Fundamentals Push BTC Higher?
ChartFreedom highlighted that Bitcoin’s price action remains at a crucial crossroads. After reaching the historic $100,000 mark, driven largely by strong fundamental factors, the market now watches closely for the next major trigger. While Bitcoin has managed to hold NEAR its highs without showing signs of a significant correction, its next move will likely depend on the emergence of impactful news or market shifts.
He emphasized that a fresh wave of strong, bullish developments could push Bitcoin to new all-time highs. If such catalysts appear, they WOULD sustain the current momentum and accelerate the rally even further.
On the other hand, ChartFreedom warned that if the market enters a period of uncertainty or lacks any major bullish narratives, Bitcoin could begin to consolidate. In this case, price action may drift into a range between $90,000 and $80,000, marking a phase of adjustment. He advised caution during such times, as traders might misinterpret the consolidation as a trend reversal.
Fibonacci Levels And Shallow Pullbacks In Focus
In conclusion, ChartFreedom emphasized a strategy rooted in trend-following, with a particular focus on buying into shallow dips rather than waiting for deeper corrections. He pointed out that the 23.6% Fibonacci retracement level, around $101,588, has recently acted as a reliable benchmark for identifying dip-buying opportunities.
The analyst also stressed the importance of flexibility in strong uptrends. When prices are climbing with conviction, waiting for a DEEP pullback might cause traders to miss out on significant gains. Instead, adapting to market conditions and capitalizing on the strength of the trend can offer better chances to expand profits. Riding the wave with discipline and responsiveness remains a key element of his bullish outlook.
