**Bitcoin's Bullish Momentum: $100K Support and $2T Market Cap in Focus, Says Analyst filbfilb**
Bitcoin is showing one of its most bullish setups yet, according to independent analyst filbfilb, as the $100,000 level turns into support and bulls push to solidify a $2 trillion market cap.
### **Key Highlights:**
- Bitcoin is battling to hold $100,000 and secure a $2 trillion market cap this month.
- While dips below $100K are "easily possible," the odds favor the bulls, says filbfilb.
- An altcoin resurgence depends on ETH/BTC reclaiming the critical 0.03 level.
Bitcoin’s price action appears exceptionally bullish, with BTC currently trading around **$103,994**. According to filbfilb, the market is now in a crucial support battle.
### **The Fight for $100K and $2 Trillion**
After a strong rally earlier this month, Bitcoin is consolidating near $100,000. But filbfilb notes that the real challenge lies in flipping the $2 trillion market cap back into support—a level lost in early February.
*"Bitcoin is currently at $2 trillion resistance, by the way—it's not just about $100K,"* he remarked.
Meanwhile, Bitcoin’s market dominance is slipping, sparking speculation about an altcoin comeback. For Ethereum (ETH) to regain momentum against BTC, filbfilb highlights that ETH/BTC must reclaim **0.03**, a key level last seen in February.
### **Psychological Barriers and Historical Patterns**
Round-number price points like $100,000 often act as psychological barriers. *"Assets tend to struggle at round numbers—$1, $100, etc.—due to human psychology,"* filbfilb explained. *"After breaking through, they often retest lower levels before expanding further. I believe this time is no different."*
Bitcoin dipped to **$75,000** in April, but strong on-chain signals, including a rare Hash Ribbons "buy" indicator, supported a swift recovery.
### **The Road Ahead: "Honestly Ridiculous"**
Despite short-term volatility, analysts remain overwhelmingly bullish. Targets include **$120,000** in the near term, with some projecting **$150,000+** by June.
*"The more you zoom out, the more insane Bitcoin looks,"* filbfilb added. *"Short-term pullbacks below $100K are possible, but I haven’t seen such a bullish setup in a long time."*
With Bitcoin’s momentum showing no signs of slowing, the coming weeks could be pivotal for both BTC and the broader crypto market.
*— Insights from Cointelegraph Markets Pro and TradingView*
