According to Simon Peters, analyst at eToro, #Bitcoin surpassed US$98,000 after several days of consolidation and would look back towards the key level of US$100,000. Although the price retraced slightly afterward, it marked a new higher high that could anticipate a bullish movement.

According to Peters, US$100,000 would represent a significant barrier, both for its round number and for its past behavior. In November 2024, when it first reached that level, the price quickly retraced to US$90,000 within a matter of days.