Bitcoin Approaches US$100,000: Technical and Fundamental Analysis
In early May 2025, the price of Bitcoin (BTC) experienced a significant surge, breaking through the US$97,000 level and recording an increase of almost 30% from its low in April.
This increase strengthens speculation that BTC will soon reach an all-time high (ATH).
Fear and Greed Index Shows Market Optimism
Based on information we quoted from Beincrypto media, the Fear and Greed index, which measures market sentiment, is at 56, indicating that investors are increasingly optimistic about BTC’s prospects.
In addition, the US stock market also showed strength, with the Dow Jones and Nasdaq 100 indices each rising more than 350 points.
Technical Analysis: Bullish Patterns and Strong Support
Technically, BTC managed to avoid the death cross pattern in April and instead formed a double bottom pattern, passing the neckline at US$88,830 and the upper side of the bullish flag pattern.
Tokocrypto analyst Fyqieh Fachrur stated that BTC’s current technical structure is very strong, with a breakout above US$96,000 strengthening bullish dominance.
As long as BTC stays above the US$95,280 support zone, the potential to reach the psychological level of US$100,000 is wide open.
- Bitcoin Heading Towards $100,000: Trend Analysis and Market Sentiment
- Early Signs of a Bitcoin Bull Market Are Starting to Appear: Is It Time to Get In?
- Bitcoin Strengthens: Time to Increase Crypto Literacy
- Trump Tower Dubai: Luxury Real Estate Innovation with Crypto Payments
- XRP Price Outlook in May 2025: Between Optimism and Challenges
Fundamental Support: Institutional Demand Increases
In addition to technical factors, demand from institutional investors also drives BTC prices.
Bitcoin spot ETF funds recorded significant inflows, indicating high interest from institutions in this crypto asset.
Conclusion: Bright Prospects Towards US$100,000
With a combination of strong technical analysis and fundamental support from institutional demand, BTC shows bright prospects to reach the US$100,000 level in the near future.
However, investors are still advised to be aware of high market volatility.
