$BTC Psychological Resistance at $100K, Bitcoin has faced repeated rejections just below $100K, creating a "make-or-break" zone. Analysts like Alex Thorn note this level is both a technical and psychological barrier; failure to breach it may lead to profit-taking .

Fed rate decisions and geopolitical tensions (e.g., U.S.-China trade talks resuming on May 10) could introduce volatility. Traders currently price a 76.8% chance of rates holding in June**, but shifts in policy may impact BTC .

- Galaxy Digital CEO Mike Novogratz warns of a potential correction to $80K due to over-leverage in crypto markets .

Concerns persist over $2 billion in BTC moved by the defunct exchange, which could flood the market if distributed to creditors .

Regulatory shifts under the Trump administration (e.g., SEC leadership changes) may alter market dynamics, though recent optimism has driven prices higher .

Bitcoin’s ability to hold $99K depends on:

Breaking $100K: A sustained close above this level could trigger a rally toward $109K (previous high) .

Institutional Demand: Continued ETF inflows and corporate buying (e.g., MicroStrategy) may stabilize prices.

Market Sentiment: The current bullish sentiment (68.3% on the Advanced Sentiment Index) must persist to avoid a pullback.