Since last week, Bitcoin has been maintaining around $105,000. A threshold considered a strategic "pivot point" that could lead it to new horizons.
Around $105,000 for a week, Bitcoin has entered a phase that, depending on investor appetite, could very well be disrupted upward or downward. In finance, pivot points correspond to horizontal graphical thresholds that have a very strong influence on currency pair prices.
"If Bitcoin manages to stay above the range of $103,000 to $105,000, it could once again progress towards $115,000," said Rachael Lucas, crypto analyst at BTC Markets, to The Block. Conversely, "a break below $103,000 could pave the way for a deeper correction, with price targets between $93,000 and $97,000," she predicts.
"Bitcoin Dominance"
As a reminder, on May 22, Bitcoin reached a new record, settling at $111,970 on Coinmarketcap. Last week, the asset was legitimized as an asset class during the Bitcoin 2025 conference in Las Vegas, with some ecosystem observers making optimistic predictions about its price in 2025.
Beyond these predictions, Bitcoin, legitimized by the new Trump administration, is increasingly alarming companies. Several are looking to acquire Bitcoin for their treasury.
"Recent demand has largely been driven by companies like Strategy, Metaplanet, and Twenty One rather than retail investors," said Min Jung, analyst at Presto Research, to The Block.
In this context, major altcoins (those other cryptocurrencies that are not Bitcoin, NDRL) "have underperformed, with Bitcoin dominance approaching its cycle peak," he continues. In fact, Bitcoin is showing better weekly performance than most cryptocurrencies, with some like Dogecoin or Solana losing 13% and 11% respectively over a week.$BTC
