Bitcoin is barreling towards $100K within the coming weeks as explosive momentum, hovering liquidity, and a decisive breakout converge to supercharge the bullish Q2 setup.
Bitcoin Eyes $100K in Weeks—Strategist Maps Bullish BTC Setup By means of Q2
Matt Mena, crypto analysis strategist at asset administration agency 21Shares, commented Friday on the stunning energy of April’s U.S. jobs report, which helped push danger property increased and enhance general market sentiment. The report revealed that the economic system added 177,000 jobs, extending a streak of features to 52 straight months, with unemployment steady at 4.2%. Mena acknowledged: “Whereas progress in hiring slowed modestly, the info was stronger than anticipated—serving to ease near-term recession considerations and fueling a rebound in market sentiment.” He famous that the S&P 500 rebounded previous 5,600 following the discharge and is now trending towards 5,700.
Turning to digital property, Mena mentioned the renewed urge for food for danger is benefiting bitcoin, which broke via a major resistance stage. He defined:
This renewed risk-on temper is setting the stage for bitcoin to make a run at $100K. The $95K stage had been a key resistance zone in latest weeks, and as soon as BTC cleared it with robust quantity, momentum accelerated shortly.
Mena added that bitcoin is performing consistent with broader macro developments: “With equities pushing increased and liquidity expectations rising, bitcoin is behaving like a high-beta macro asset—carefully tied to investor urge for food for danger and reflation trades.”
In accordance with the 21Shares analysis strategist, market expectations for financial coverage have shifted considerably in latest weeks: “Markets are actually pricing in a 65% likelihood of 4 to 5 fee cuts by year-end, up from simply 30% a month in the past. That shift is additional fueling capital rotation into arduous property like bitcoin, which gives a non-sovereign, fixed-supply hedge in opposition to financial debasement.” He additionally highlighted a lagging indicator that would provide extra upside: “The surge in international M2 liquidity—usually mirrored by bitcoin worth motion with a 12-week lag—can also be starting to point out up on the charts.”
Concluding his outlook, the strategist emphasised bitcoin’s bullish momentum:
With robust technical momentum, a dovish macro backdrop, and renewed fairness energy, bitcoin seems poised to problem the $100K stage within the coming weeks. If danger urge for food continues and liquidity flows stay supportive, BTC might reclaim its all-time excessive of $108K by the tip of the quarter.
