Bitcoin’s price is showing signs of explosive growth, approaching the $100,000 mark as institutional investors drive buying activity. The Federal Reserve’s decision to keep interest rates steady and President Trump’s recent announcement regarding customs tariffs have contributed to this significant market shift. While individual participation remains limited, technical indicators suggest Bitcoin could surpass the $125,000 level in a future surge.
Technical analysts highlight Bitcoin’s upward trend, with daily charts displaying a consistent rise in price. BTC has maintained its position above $95,000, accelerating toward a psychological resistance at $100,000. Key indicators like the weekly MACD signal bullish crossover and RSI indicating increased buying pressure, point towards continued growth.
While surpassing the critical resistance level of $116,891 could propel Bitcoin toward $150,000 or even higher, a pullback to the support region at $90,000 is also possible. If the rising wedge pattern breaks down, prices may fall below $70,000.