Bitcoin doesn't need a catalyst to return to $100,000, says analyst


Bitcoin has not been able to climb back above $100,000 for five months, and analysts disagree on what could push it there exactly. Michael van de Pop, founder of MN Trading Capital, believes no catalyst is necessary.
"There’s no need for a narrative to push the price higher," he wrote on social media. "The price is rising, and the narrative creates itself." According to him, mathematics, statistics, and logic are enough to succeed, and current Bitcoin levels remain suitable for accumulation.
Van de Pop also pointed out that market interest has shifted significantly in recent months: AI and related technology sectors have captured a large share of attention from cryptocurrencies. An interesting comparison: since the beginning of the year, Nvidia (NVDA)—the largest AI company by market value—has risen by 5.08%, while Bitcoin has lost about 10% during the same period.
Bitcoin advisor at the White House, Patrick Wiet, said at this week’s Bitcoin conference in Las Vegas that a major announcement regarding President Trump’s Bitcoin holdings is expected in the coming weeks. Details have not been disclosed yet.
AI's Perspective
Historical analyses reveal a strange paradox at the current moment. For the first time in its history, Bitcoin ended the halving year with a loss, breaking a four-year cycle that has been in place for over a decade. In other words, the market finds itself in a completely new place: old navigation maps no longer apply, and new maps have yet to be drawn. Under these conditions, it appears#D
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin