$BTC Bitcoin looks again Will it rise to $100K??: Can the bull break the barrier💰🔥

After an unstable start to the year, Bitcoin (BTC) seems to be back on an upward trajectory, once again approaching the critical psychological threshold of $100,000. This surprises many who anticipated a weak end to April and a challenging May. The downward trend of BTC, which began after peaking in mid-January, showed signs of exhaustion after April 8, with a strong rebound starting on April 21. What triggered this turnaround? The Dollar Index (DXY) fell below 99 points, easing the pressure on BTC and igniting a fire under its price momentum.

💹Since then, Bitcoin has surpassed several milestones

$88K, $90K, $94K, and more recently $96K, despite expectations of a pullback. On April 30, it briefly exceeded $97,000, a level not seen since February 21, when it was close to $100K at $99.5K. This steady rise, driven by a weakened dollar and growing investor confidence, has renewed hopes that BTC may finally break through and sustainably hold above $100,000. However, the path remains volatile, and although sentiment is bullish, there is no guarantee that this momentum will last.

💵The Dollar Index has played a crucial role in BTC's price action. In November, BTC surpassed $80K while the DXY remained at 105. As the DXY climbed to 110 in January, BTC struggled. But after Trump's inauguration, the DXY began a sharp decline - eventually falling below 98 in April. Historically, a weaker dollar drives BTC, and this recent rapid drop in the DXY seems to have "unlocked" BTC from its downward trend.

With historical averages and bullish sentiment aligning, all eyes are now on whether Bitcoin can finally conquer the elusive milestone of $100,000 once and for all.