Bitcoin price projected to reach $100,000 this week thanks to two catalysts
the weeks ahead include increased Bitcoin price volatility, potential new all-time highs, and short-term market shakeouts in reaction to Federal Reserve warnings and institutional buying pressure.”Bitcoin is being pulled between two massive forces,” said Chris Burniske, a partner at crypto-focused venture firm Placeholder. “The Fed’s warnings are pushing people toward hard assets, while BlackRock’s quiet buying spree is tightening supply at a historic pace.”With Bitcoin hovering near $95,000 on Sunday afternoon, market participants are keeping a close eye on key resistance levels at $100,000 and psychological support around $98,000. Many traders anticipate a surge in volatility as May approaches, coupled with upcoming economic data releases and ongoing Federal Reserve communications.Bitcoin’s trajectory in the coming week is crucial, as Wall Street giants and central bankers exert influence on the cryptocurrency from opposing directions. The stage is set for Bitcoin to potentially reach $100,000 by the end of this week, presenting both opportunities and risks for investors as the market navigates through these developments.
