Analysts expect fresh bull run despite risk of short-term dip
Bitcoin is once again approaching the $100,000 threshold, reigniting market excitement and speculation over whether the flagship cryptocurrency can sustain its latest rally.
According to Simon Peters, Crypto Analyst at eToro, the surge in bitcoin’s value overnight was catalyzed by a social media post from President Donald Trump, in which he teased a major trade deal with a “highly respected” country — widely believed to be the United Kingdom.
“The $100K level is particularly important with bitcoin,” Peters explained. “As a round number it has acted as a resistance level previously. We saw substantial selling when $100,000 was reached for the first time back in November 2024. The bitcoin price dropped sharply to $90,000 in a matter of days.”
While the milestone carries symbolic and psychological weight, Peters cautioned that history could repeat itself. “It is possible that we could see a similar sell-off again, and a dip lower into the $90,000s again but this will be short-term in my opinion.”
Looking beyond short-term volatility, Peters remains optimistic. “Longer-term, however, the bitcoin price should break and stay above $100,000 going forward into the second half of this year and early next year, ultimately leading to a new all-time high and the peak of the crypto bull market.”
A key factor supporting bitcoin’s trajectory, according to Peters, is global liquidity — a measure of how much capital is circulating through the world economy. “Global liquidity… is forecast to increase throughout the year, and interest rates globally should continue to come down, contributing to looser financial conditions.”
The analyst also flagged potential future scenarios that could see bitcoin revisiting the $100,000 mark from above — not as a resistance, but as a support level. “Depending on what the bitcoin price is when the crypto bull market peaks — for example $150,000, $200,000, $250,000 — if we see a big drawdown in the year that follows, like 2018 and 2022, then there is a chance we could see $100,000 again, but this would be as the major bottom or end of the ensuing bear market in my opinion.”
eToro, a global trading platform with over 40 million registered users across 75 countries, offers access to both traditional and digital assets. It emphasises a collaborative approach to investing, allowing users to trade directly, invest in portfolios, or mirror the strategies of other investors.
However, eToro also reiterates the risks involved in cryptocurrency investments. “Crypto investments are risky and highly volatile. Tax may apply,” the company notes, urging users to understand all risks associated with digital assets before investing.
With speculation intensifying and markets moving swiftly, the crypto world is watching closely to see whether bitcoin can decisively break through the $100,000 barrier — and what comes next.
