Bitcoin broke to $104,000, which is very surprising, especially since the interest rate stabilization in the U.S. was expected. But many factors worked together and caused the market to explode.
Speculative momentum and FOMO.
As soon as the price broke $100,000, the fear of missing out started to kick in. Exchanges entered automatic buy orders, and speculators entered heavily, igniting the market.
Huge liquidity from institutions.
Investment funds like BlackRock and Fidelity are preparing Bitcoin products, which means unprecedented liquidity injection. The interest rate stabilization encouraged them to enter with full force.
Positive economic and commercial news.
Trump's statements about a trade deal with a 'respected' country made people look for a safe haven, and Bitcoin became the first alternative.
Scarcity after Halving.
Supply decreased and demand exploded, so the price increased.
Sure, and Bitcoin is the only one, of course, the whole market is on fire.
Ethereum ETH is priced around $1966 after being above $2000 a few hours ago.
And Solana SOL is now at $162 maintaining strong support with expectations to reach $200 and $220 if the momentum continues.
XRP Ripple is at $2.21 trying to break resistance at $2.23, and if it succeeds, it could soar to $2.30–$2.40.
But is a correction possible soon?
Yes, very likely for reasons.
The RSI is very high, meaning the market needs to take a break. We have resistances at 106–108k, where a violent sell-off could happen, but there is initial support at $100 and $102k that, if broken, could lead us down to $95k and $96k.
Likely downward scenarios within 48 hours.
A slight correction of 5 to 8% to the level of $96–99k, then a medium correction, but this is a lower probability that could take us to $93k.
Important quotes.
Trenchev (Nexo) Bitcoin above $100,000? That's a historic achievement.
Zack Shapiro institutions are entering the market as if they are in an arms race.
Kendrick (StanChart) the beginning of the escape from the dollar… and Bitcoin is heading to $120,000.
Puckrin the rises on weak trading volume… volatility is near.
The markets are in a state of frenzy, but you need to be smart. If you have profits, think about locking in a portion; if you're still entering, set a clear stop-loss.
Follow institutional movements and economic news because they control market waves.
The opportunity is big, but the risk is also big, and you decide how to play it. This is just analysis and opinion, not financial advice. 😊👻
#BTCBackto100K #CryptoComeback #BTCtrade #TradeStories #FOMCMeeting
