⚈ Bullish momentum aided by Trump insurance policies and world instability like India-Pakistan
⚈ $100K could act as psychological resistance amid rising quick positions and uncertainty
Late on Could 7 and within the early hours of Could 8, Bitcoin (BTC) quickly superior, including greater than $2,500 inside hours.
At press time, it must rise a mere 0.41% – lower than $500 from the present $99,593 worth – extra to hit the psychologically vital $100,000 threshold.
The state of affairs for the world’s premier cryptocurrency seems favorable for reaching the milestone. On Tuesday, Could 6, it broke the downtrend, bouncing off the lows close to $94,000 and thus regaining a strong uptrend.
Why Bitcoin can smash above $100,000
Exterior developments, which have been a dominant consider BTC’s efficiency up to now in 2025, additionally seem bullish for the asset. President Donald Trump unveiled a sequence of bullish catalysts for the inventory market and has reignited investor optimism.
Bitcoin additionally has a chance to regain a few of its fame as a secure haven and has arguably already began making the trouble. At the very least a part of the upswing has been pushed by the escalating India-Pakistan armed battle.
The truth that BTC has damaged via all three of its earlier resistances—those close to $97,800, $98,567, and $99,551—and that some cryptocurrency analysts, similar to Michaël van de Poppe on X, have famous that long-term assist is holding, reinforce the bullish outlook.
Curiously, although the lengthy/quick ratio is near its one-month lows and offers a studying of 0.819, the newest upsurge seems to have pressured some bears to capitulate. It’s but to be confirmed if the slight drop outcomes from rising confidence or a brief disturbance as a consequence of pressured liquidations.
Featured picture through Shutterstock
