Bitcoin Charges Toward $100K—Traders Brace for the Next Crypto Supercycle
BTC’s bull run isn’t just back—it’s accelerating. After months of sideways action, the king of crypto just shattered resistance levels like a institutional FOMO rocket. Here’s why this isn’t another false dawn.
The liquidity pump: With macro uncertainty fading, whales are rotating out of ’safe’ bonds (lol) and into digital scarcity plays. Miners are hodling, exchanges are seeing net withdrawals—classic supply squeeze setup.
Technical breakout: The weekly chart shows a textbook Wyckoff accumulation pattern completing. Next stop? A retest of the 2021 ATH, then a likely violent grind toward six figures as leverage traders pile in.
Warning lights flashing: Open interest in BTC derivatives just hit a 3-year high. When this much dumb money chases a move, the correction will be brutal—just ask the 2021 ’diamond hands’ crew. But for now? The trend is your leveraged friend.
$98,889 could surpass $125,000 in a subsequent surge.
ContentsBitcoin Nears the $100K BarrierTechnical Indicators and Short-Term Targets for Bitcoin
Bitcoin Nears the $100K Barrier
has been following a continuously rising channel in recent times. The daily chart, characterized by successive rising lows and higher peaks, indicates a stable uptrend. BTC’s ability to hold above $95,000 brings it swiftly toward the psychological barrier of $100,000.
The Fed’s decision to leave interest rates unchanged during its May FOMC meeting was an anticipated outcome. However, Trump’s “big deal” announcement has maintained institutional investor interest, awarding Bitcoin additional momentum. These factors have kept individual participation limited while paving the way for a rise scenario dominated by institutional purchases.
Technical Indicators and Short-Term Targets for Bitcoin
The weekly MACD indicator is poised for a bullish crossover signal. The decrease in selling pressure suggests that momentum might return to the buyers. Meanwhile, the RSI, after leaving its bottom at 40, has rapidly moved upward.
Given Bitcoin’s current technical outlook, if a double bottom formation is completed and the RSI rises above 50, a strong rally could manifest. Surpassing the critical resistance level of $116,891 may propel Bitcoin’s price toward $150,000, or even as high as $200,000.
Conversely, a pullback from $116,891 could trigger a return to the support region at $90,000. Should the rising wedge pattern break, a scenario where prices fall below $70,000 remains a possibility.
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