BITCOIN RECLAIMS $100K AS DE-DOLLARISATION ACCELERATES

The premier cryptocurrency takes a breather above the $100K barrier, but many analysts see substantial upside as the de-dollarisation and trade war are expected to fuel BTC to new heights.

Time to Break the Record

after an impressive 20% surge that propelled prices beyond the $100K mark last week. While a noteworthy achievement, traders are watching closely for the potential for a breakthrough above $109500, the previous all-time high BTC reached in early January in the wake of the pro-crypto Donald Trump presidency. The recent consolidation over the last week is attributed to profit-taking following these strong gains, particularly in the aftermath of the latest trade deals.

Bitcoin's performance following tariff agreements shows an investor appetite to take on risk, and the "digital gold's" inverse relationship with physical gold. Notably, and other cryptocurrencies, as investors seek refuge in digital assets amid the global move towards de-dollarisation. However, while the dollar briefly recovered after the trade deals, markets are expecting lower interest rates from the Fed, which could further strengthen interest in dollar alternatives. Additionally, ongoing speculation suggests the Trump administration may pursue, or is already actively pursuing,.

Analyst Outlook Bullish

As markets regain confidence in investing, for the digital currency, with some forecasting a tenfold increase to $1 million in the current cycle. Although the constrained supply due to bitcoin's mining mechanism and growing interest provide an argument for further price support, during the quarter. Coupled with the increased mining difficulty following the halving last year, this suggests that the intrinsic price of the cryptocurrency must rise to sustain current mining operations.

As for whether interest in bitcoin is sustainable, the currency actually keeps getting new recognition among established trading entities. In a symbolic move, the largest US cryptocurrency exchange, in place of Discover Financial, a stalwart of the legacy financial transaction business. On the one hand, this development appears positive for the mainstream adoption of cryptocurrencies. On the other hand, markets appear to be awaiting further progress in trade deals that will help to reassure the trend in the coming weeks. If positive, the crypto market might take a leg higher after it processes current profit-taking, as.

Cup and Handle Faces Resistance

Bitcoin's gradual descent from $109500 to the $74380 low and its subsequent ascent might form a bullish cup and handle pattern, with the cup rim initially reclaiming the record peak. As BTC consolidates in a U-shaped formation between the peak and the rounded bottom, a break higher could propel prices to the psychological levels of $115K and $120K, with the measured-move target of the potential C&H pattern eyeing $145K. Meanwhile, if triple-digit support at $100K is lost and bulls give way to $93500, flipping $89K would expose the 2025 low once again, eventually terminating the bull market cycle.

Source: SpreadEX / Bitcoin

Key Takeaways

Analysts expect the cryptocurrency market to gain further as de-dollarisation trends accelerate, institutional interest grows, and technical patterns point to a potential breakout towards $ 145K. Despite the resilience of bitcoin amid global economic shifts and its growing recognition from established trading entities, this cycle appears to depend more on the performance of the dollar and whether trade wars continue to resolve.