#Write ¿Bitcoin at $100,000? Analysts celebrate, but the stablecoin SilentBitcoin has risen more than 12% last week, reclaiming the $93,000 mark and reviving bullish sentiment in the market. While the surge has generated optimism about a possible rise to six figures, some analysts urge caution, pointing to the weak activity of stablecoins as a persistent concern.

Bitcoin skyrockets

According to Markus Thielen, head of research at 10x Research, Bitcoin's breakout from a descending wedge pattern (a formation often seen as a bullish reversal) could technically push prices up to $99,000. However, in his market report from April 23, Thielen expressed doubts about the longevity of this momentum.

"The absence of strong inflows of stablecoins raises questions about its sustainability," he warned, highlighting a key liquidity metric that often correlates with more lasting rises. Thielen emphasized that while futures leverage has surged, indicating speculative enthusiasm, it is the return of "stronger money" through stablecoin minting that truly supports sustainable market movements. Without that fundamental support, the current rally may be on borrowed time.