For crypto followers, Bitcoin Beyond the $100,000 barrier It was an important moment. But so far, the oldest and most established cryptocurrencies have not been able to hold steadily beyond that level.
Despite the ongoing uncertainty over the early April 2025 and tariffs that have shaken the stock market, Bitcoin is rising relatively steadily. On May 12, Trump reached a trade deal with China, putting on tariffs that have a market on the tail spin for 90 days, and Bitcoin was shot to a height of three months.
Its bullish momentum last month as Bitcoin hit a new all-time high on May 22nd and reached its highest ever distance. This was a sharp turnaround from $75,000 after President Donald Trump made his first tariff announcement in early April.
However, cryptocurrencies have retreated from their all-time highs and are currently trading at around $103,000, so all tables have come to happen next.
Can Bitcoin exceed $100,000?
According to James Butterfill, Head of Research at Coinshares, the $100,000 resistance level is compelling from a technical analysis perspective.
“Bitcoin is well above its 200, 50 and 30-day moving average, significantly surpassing all other asset classes,” he says.
However, Adrian Fritz, the head of research at 21 shares, believes the $100,000 level is “not fully tested as solid support yet.”
“The breakout has confirmed bullish momentum and market strength, but it remains a battlefield zone in the short term, especially under the influence of broader macroeconomic uncertainty.”
In trading, resistance is at a price level that is sometimes called “ceilings” as the rising assets face sales pressure. Meanwhile, the support level is considered a “floor” where new buyers come in to support the price. Bitcoin took a long time to break past $100,000, and $60,000 served as a critical level of resistance in the asset’s volatile history.
Dovile Silenskyte, director of Digital Assets Research at WisdomTree, believes that $100,000 is “always a more psychological milestone than a technical barrier, and the market is crucially moving beyond that.”
The actual test was the behavior of investors. Will this milestone cause widespread benefits? So far, the answer seems like no.
“As opposed to acting as a ceiling, $100,000 looks increasingly like a new level of support,” she says.
Is Bitcoin still speculative or a strategic asset?
Crypto Bulls have long argued that Bitcoin could ultimately serve as a storage for value and as a hedge against expanded fiscal and monetary policy. Adding weight to that debate, more institutions have allocated a larger share of their portfolio to crypto investments. Policy-wise, five US states have enacted new Bitcoin laws, including Texas, which established the much-anticipated state Bitcoin Reserve.
“Physical ETP continues to attract a strong influx in April – nearly $5 billion.
“In the case of institutions, this is not just price speculation. It’s a calculated move to strategically position a portfolio in an environment defined by financial erosion and financial overreach.”
Beyond strong institutional demand, macro tailwinds and supply-side pressures were key factors behind Bitcoin’s latest rally, according to Silenskyte.
“The US rate cuts, sustained inflation concerns and new expectations for rising fiscal stress have strengthened Bitcoin’s appeal as a hedge against financial instability and long-term sovereignty risk,” she says.
Furthermore, the most Recent Bitcoin Harving“In April 2024, we said, “We reduced the issuance of new coins in half and tightened supply during a period of rising demand.”
“This imbalance drives upward price momentum.”
Is Bitcoin a new safe haven?
“This latest gathering was primarily caused by macrodislocations,” says Fritz, 21 strains.
“The US suffered weak Treasury ministries for 20 years, and Moody’s downgraded the country’s credit outlook and highlighted the rising risks of sovereigns. At the same time, the long global bond yields have swelled into developed countries, reflecting inflation concerns, fears of debt sustainability and fragmented fiscal outlook.
“Some people feared that this environment could lead to short-term sales pressure, but what really followed was the surge in demand for hard assets. Bitcoin recovered in parallel with goldstrengthens its new role as a valuable non-sauvering reservoir during erosion in an age of trust. ”
Bitcoin faces regulatory risks and liquidity shocks
Continuing uncertainty about US politics and tariffs may remain an important theme in the future.
” Pushback from New York court “We’ve seen a lot of effort into our research,” said James Butterfill, Coinshares’ research director.
“This uncertainty is expected to promote continued market volatility and a long-term shift towards sluggish monetary policy.”
Future forecasts for Fritz of 21 shares will stabilize the Bitcoin price of around $100,000 and in the short term, excluding the new market shock.
However, even without these, the risk continues.
“The macro landscape is fragile, with tariff disputes, global debt swells and rising yields pose a threat,” he says.
“A rapid deterioration can destabilize most ‘risk-on’ assets. There is also the risk that major BTC storage companies will need to settle under stress. ”
According to Coinshares’ Buttafil, the main short-term risk is a revival of inflation, which could encourage the US Federal Reserve to raise interest rates.
“Another concern is the possibility of a sharp reversal in the current favourable political stance on US digital assets.”
The most important wildcard appears to be unexpectedly hostile policy stances.
“While the regulatory trend is becoming more constructive in major markets, the risk of sudden, politically motivated behavior can create recent volatility and erode institutional confidence,” says Silenskyte of Wisdomtree.
Another concern is that Bitcoin will be traded alongside other risk assets during periods of tightening liquidity and risk aversion.
“A sudden contraction of global risk appetite can cause sharp corrections (in the crypto market) if central banks are hokishly (reducing or increasing suspension rates) than expected, especially in response to sticky inflation and financial instability,” she adds.
