Bitcoin Stumbles—Is This the Last Dip Before $100K?

BTC bulls hit pause as the king coin sheds 8% this week. Classic ’buy the rumor, sell the news’ behavior—or just Wall Street shaking out weak hands before the real rally?

Technical outlook: The 50-day MA holds at $58K. Break that, and we’re staring down $52K support. But let’s be real—every ’crash’ since 2020 has been a fire sale for diamond hands.

Macro tailwinds haven’t vanished. Spot ETF inflows hit $12B last month, BlackRock’s IBIT now holds more BTC than MicroStrategy (take that, Saylor stans).

Closing thought: When your Uber driver starts timing the market, that’s the top. Until then? This smells like another institutional grab disguised as ’risk-off’ sentiment.

In Brief

• Bitcoin consolidates at 93,500 dollars after peaking at 97,900 dollars, without invalidating the bullish trend.
• Experts anticipate a push towards 100,000 dollars, supported by on-chain activity and institutional flows.

Bitcoin aims for 100,000 dollars: the drop to 94,000 dollars is just a strategic pause

Bitcoin recently experienced a slight setback, falling 4.3% in three days after flirting with 97,900 dollars. However, this dip did not dampen analysts’ optimism, who believe these 3 indicators could propel BTC.

1. Market dominance at its highest since 2021

With almost 65% dominance in the cryptocurrency market, bitcoin has never been stronger since January 2021. This supremacy persists despite a proliferation of token launches—such as SUI, TON, PI, or TAO—and reinforces its status as a SAFE haven in the crypto world.

2. Bitcoin ETFs attract billions

Inflows to spot Bitcoin ETFs surpassed 4.5 billion dollars between April 22 and May 2. This massive institutional adoption reflects growing confidence in BTC over the medium and long term. At the same time, futures contract volumes are exploding, evidence of a market ready to bet on an imminent rise.

3. An increasingly strong institutional leverage

Open interest on Bitcoin futures has reached 669,090 BTC, up 21% since March 5. Even after BTC dropped below 75,000 dollars in early April, demand for leveraged positions remained stable. On the CME, interest now exceeds 13.5 billion dollars, a clear signal of institutional commitment.

What do the experts think?

Experts agree. Ryan Lee, chief analyst at Bitget Research, says bitcoin benefits from a resurgence in on-chain activity and growing demand. This dynamic fuels the prospect of a bullish breakout towards 100,000 dollars, provided that technical indicators continue to converge.

All indicators are therefore green for bitcoin: record dominance, massive ETF inflows, and strong institutional demand. These signals converge toward solid bullish momentum. If the trend continues, the psychological threshold of 100,000 dollars could soon be surpassed, marking a new key milestone for BTC.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.