Bitcoin’s Next Big Test: Can BTC Break $100,000?
Bitcoin is approaching a pivotal resistance level at $100,000 as investor interest and macro momentum push prices higher. Traders are watching on-chain indicators, futures funding rates and options expiries for signs of sustained bullish conviction. Short-term volatility is expected around the $100,000 mark as profit-taking, liquidations and new entries interact. Key metrics cited by analysts include rising retail and institutional flows, elevated open interest in Bitcoin derivatives, and tightening supply on exchanges. Market participants should monitor spot volume, derivatives funding, and macro catalysts (rate outlook, dollar strength) that could accelerate a breakout or trigger a pullback. For traders: plan position sizing, set clear stop-loss levels, and watch options skew and expiries near key strikes for potential gamma-driven moves.
Bullish
The article frames Bitcoin approaching $100,000 as a test driven by rising investor interest, increased derivatives open interest, and tightened exchange supply — factors that historically precede bullish runs. Elevated institutional and retail flows, plus high open interest and positive funding (or periods of neutral funding but rising spot demand), tend to amplify upside when macro conditions (e.g., stable or easing rate expectations, weaker dollar) are supportive. Short-term volatility is likely as traders take profits or get stopped out around the round number, but the net balance of increased demand and reduced on-exchange liquidity points to a bullish skew. Comparable prior episodes: BTC rallies in 2020–21 and late 2023 showed similar patterns — rising flows, derivative buildup, then a breakout through key levels. Risks that could negate the bullish view include an unexpected hawkish macro surprise, sharp rise in funding rates that induce deleveraging, or large sell-side liquidity events. For traders, this implies a bullish bias overall but the need for tight risk management on short-term trades.