Bitcoin price reaches 99,000 dollars: Is $ 100,000 to come after that?

Bitcoin (BTC) has regained a $ 99,000 brand for the first time in more than two months, which led to optimism between analysts who expect to penetrate prices over the $ 100,000 sign.

It is worth noting that the BTC performance during the past month was very great. Its value was estimated at 31.8 %, which represents a strong return from its lowest levels on liberation day on April.

Is Bitcoin on the right track to reach $ 100,000?

In the early Asian trading hours, the largest encrypted currency was 99,388 dollars, A sign of the highest price since then February 21, 2025. At the time of the press, the Bitcoin price was set to $ 98,874. Beincrypto data It has shown that the currency has seen a slight decrease of 0.3 % in the past hour.

However, this increase has been optimistic that the height to $ 100,00 is inevitable. Participants in the market on X (Twitter previously) have Repeat Positive expectations.

“Bitcoin knocks on the door of $ 100,000 again. books.

Previously, a BitFinex suggested that if Bitcoin holds Above 95,000 dollars, reviewing its highest levels ever. This prediction seems to be achieved as Bitcoin is now trading over this threshold.

In addition, Many market indicators and developments Supporting upward feelings. An analyst revealed that Bitcoin had exceeded a range of price as many traders were holding short positions with a high financial lever.

“There is no significant resistance even about $ 100,000,” the analyst I mentioned.

In the weekly newsletter, Glassnode also indicated that the achieved Bitcoin cover has reached a record level of $ 889 billion, which grows by 2.1 % during the past month. This increase reflects the height Investor confidence and capital flows.

The company referred to the signs of renewable market strength, with the return of the large capital to Bitcoin, especially through the circulating investment funds. During the past two weeks, more than $ 4.6 billion I entered the investment funds circulating in Bitcoin.

“The total AUM, which was held inside the investment funds circulating in the United States now, has now increased to more than 1.171 million BTC, which is only 11,000 BTC from 1.182 million BTC ATH,” Newsletter The most prominent.

This increase in flows largely reflected the previous period of external flows, which also indicates a strong demand for bitcoin.

“Strong ETF flows, along with improved investor confidence, helps to draw a picture of the strongest back pioneers that support Bitcoin market,” Glassnode added.

Meanwhile, Cryptoquant highlighted that during the past three days, Stablecoins has been sent to Binance has grown dramatically. The peak was on May 6, when the flow reached nearly one billion dollars, making it the largest deposit for one day since April.

“Stablecoin The flows usually reflect the investor’s willingness to enter the market, as these assets are often sent to the stock exchanges in anticipation of the activity of the purchase side, ” mail Read.

In addition, Binance’s latest backup detection showed a decrease in the possessions of many major cryptocurrencies, including bitcoin, ETHEREUM (ETH)and BNB (BNB)And Solana (Sol). In contrast, the increase of 2.6 % in Tether (USDT) Reserves stand out.

This height in Stablecoin Holdings indicates a height of liquidity. These indications are that traders put themselves in future market transactions.

In addition to optimism, Tether (USDT.D) dominated the occurrence of occurrence. A decrease in USDT.D usually indicates that investors are Transfer money from stablecoins In other encryption origins, increased assembly nutrition.

Legislative progress is another Windwind for Bitcoin. Two reserved bills have been enacted, Many continue to progress through the legislative process. This means that there is the increasing institutional and governmental acceptance of Bitcoin.

As Bitcoin approaches $ 100,000, investors closely monitor whether this gathering will maintain its momentum or face resistance. With the circumstances of the alignment market positively, The encryption community remains on the brink of the abyss What can be a milestone for BTC.