Crypto Trading Begins! Will Bitcoin Go to $100K?
A revolutionary move is coming for Bitcoin in the crypto market: Charles Schwab, one of the largest financial institutions in the US, has completed preparations to start direct spot cryptocurrency trading with over $10 trillion in assets under management. This development could take institutional investors' interest in Bitcoin to the next level. So, how will this move by Schwab affect the BTC price? According to experts, this move could be a new wick on Bitcoin's path to $100,000.
Schwab CEO Rick Wurster announced in the Spring 2025 Business Update that the company is preparing to offer direct spot crypto trading “in the next 12 months.” Schwab, which currently provides indirect access to crypto through ETFs and futures, will now offer its users the ability to directly buy and sell assets such as Bitcoin and Ethereum.
This development is of great importance, especially in terms of fresh capital flows and new investor interest in spot markets. According to the company’s data, interest in crypto content has increased by 400% in the last year. Moreover, 70% of this traffic consists of new users. Schwab’s desire to be the “first mover” signals a serious institutional orientation in the market.
$BTC price is currently trading around $85,000 and is holding above the midline of the Bollinger Bands at $82,800. This technical picture shows that the price is recovering from the recent correction and is preparing the ground for an upward move. The $87,600 resistance is being tested; if broken, it could open the way to $90,000.
Analysts predict that the entry of giants such as Schwab into the spot market could send $BTC soaring, similar to the BlackRock and Fidelity ETF effect at the beginning of 2024. In this context, the $ 100,000 target is no longer a dream and is technically supported. However, daily closings below $ 82,000 could delay this rise expectation and trigger a short-term pullback to $ 78,000.
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Bitcoin analysis on the weekly timeframe.
Bitcoin on the weekly timeframe is correcting from 159 days and is based on important and strong support between 80,000 and 76,000.
With a focus on many moving averages and strong trends, the current support is considered a very strong price cluster.
In addition, the weekly indicators on Bitcoin are saturated, with severe weakness and a halt in selling momentum.
We note that the weekly indicators will begin to turn positive, which supports the upward trend. However, we need some time, and God willing, we are on the path to market recovery and entering a new wave of upward movement.
As for currencies, they are in areas of accumulation and buying, God willing.
As for acquisition, it is at its highest historical levels and is approaching a decline, God willing.
Now that you see Altcoins, $BTC , & ETH finding bottom and reversing , remember who Publicly told everyone to not sell anything & try to add more during the market wide capitulation that happened few weeks back 👇.
Few 🤌🏼.
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$BTC
{spot}(BTCUSDT)
$ETH
{spot}(ETHUSDT)
Easter is a time where the old may die, and the new can be reborn in radiance and light.
Interestingly, we are in exactly this stage in crypto.
A lot of it has become outdated and needs to die, to make way for new and brighter things.
This is why I am so focused on $SUI currently.
While most of X is in bear and negativity, this community is building nonstop, and at the same time holds together really well.
The market will be reborn soon and we will all make more gains than ever before.
Just follow the fundamentals and dont fall for mass extraction ponzis and hype.