Post
Topic
Board Speculation
Re: I won't be surprise if bitcoin finds the $100k back, would you?
by
skarais
on 01/05/2025, 17:47:10 UTC
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It will shock you to see Bitcoin sits at $93k by next weekend after making some moves.

If I am not mistaken you are pointing to the discussion around the trade wars and tariff reductions that is the reason for the favorable increase in the Bitcoin price, but I think that may not be the right reason. Still few weeks ago, there was a huge flow of funds into Bitcoin ETFs, where billions of dollars were pouring in. I feel it is the main factor for the increase since institutional investors had a renewed coincidence and decided to put more money into Bitcoin. That also attracted new investors to invest into the institution.
Today we are already in the beginning of May and look at the bitcoin price movement.
The price is getting closer to $100k and it is in the range of $96k to $97k, so $100k is getting closer to becoming a reality. I am more inclined to believe that $100k can be achieved in May than April, so I would not be surprised if it is achieved that soon.

Positive sentiment towards the market seems to be fully expected in May. The flow of funds in bitcoin ETFs can be a strong basis for expecting a stronger bullish movement in bitcoin. However, the reaction of short-term traders in the market tends to hamper a more bullish movement, of course due to their quick profit-taking actions.