In the coming week, the situation in the bitcoin market remains tense, however, technical analysis indicates a continuing growth potential. After surpassing the psychological level of $100,000 and record liquidations of short positions, the price continues to consolidate above this mark. The nearest targets are $114,000 and $119,000, while key support has shifted to $98,500. An important factor for the dynamics will be the publication of inflation data in the US on May 13: rising prices may cause increased volatility and impact the Fed's decisions on rates. The geopolitical situation should also be taken into account, especially the escalation of conflict between India and Pakistan, which may affect the market. Despite short-term fluctuations, the current trend remains bullish, and it is likely that we will see further testing of the historical maximum. However, it is important for investors to be cautious given the high volatility and geopolitical risks.
