Bitcoin Critique Reached 100 Thousand Dollars: Analyst Says ATH is Near if Surpassed! - Coin Bulletin

Bitcoin (BTC) is flirting with a new record by surpassing the $99,000 level, driven by positive economic signals and increasing interest from institutional investors.

The pioneer of the cryptocurrency market, Bitcoin (BTC), has passed the critical resistance level of 99 thousand dollars this morning. Positive developments in the US-China trade talks and the Fed's decision to keep interest rates steady have boosted investors' risk appetite, supporting the price of Bitcoin.

BTC Markets analyst Rachael Lucas stated that if the price of Bitcoin surpasses the psychological threshold of 100 thousand dollars, it could test its all-time high again. According to Lucas, this rise is not only a crossing of a psychological barrier but also stands out as a clear indication of increased confidence in the markets.

On Wednesday, the U.S. Federal Reserve (Fed) meeting resulted in a decision to keep interest rates unchanged, which had increased investors' appetite for risky assets. Additionally, it is noted that the meetings that U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will have with Chinese officials in Switzerland over the weekend have further strengthened optimism in the market.

Institutions are attacking Bitcoin.

One of the most important factors triggering the recent rise in Bitcoin has been the significantly increasing institutional investor demand. It has been reported that since April 25, there have been net inflows of over 5 billion dollars into Bitcoin spot ETF funds operating in the US.

According to experts, some profit-taking and fluctuations may occur at the 100 thousand dollar level in the short term. However, it is generally believed that the trend will continue to rise. The basis of this increase lies in the decreasing supply after the Bitcoin halving, the developing institutional infrastructure, and the desire to hedge against macroeconomic uncertainties.