Bitcoin climbs to $101,525

Bitcoin$BTC  shattered the $100,000 barrier on Thursday, climbing to a high of $101,525. The milestone was considered a sticky resistance for BTC. On the 15-minute price chart, a key momentum indicator, Moving Average Convergence Divergence (MACD), is bullish at the time of writing. 

The Relative Strength Index (RSI) reads 66, while the MACD flashes green histogram bars above the neutral line, signalling an underlying bullish momentum in the Bitcoin price trend. 

“Bitcoin's surge to $100K is primarily macro-driven, fueled by expectations of Fed rate cuts and Trump's vocal push for lower interest rates, bolsters risk assets. However, the Fed's focus on unemployment and inflation creates uncertainty around actual rate cuts, with Trump's influence adding political but not definitive weight.  Strong institutional inflows, ETF demand, and whale accumulation support a sustained move higher. However, volatility may arise from tariff concerns or profit-taking at the $100K resistance level. A clear break above this psychological barrier could hinge on consistent economic signals favouring policy easing.”