Bitcoin has once again confirmed its bullish momentum by surpassing the $100,000 mark. Increasing interest from institutional players and whales creates a foundation for further growth.
Reasons for Bitcoin's Rise to $100,000
Analysts report that the $100,000 level was reached due to a combination of whale activity, short-covering, and a favorable macroeconomic environment. This growth follows a consolidation period during which BTC broke through the $100,000 mark.
Falling Wedge Breakout Confirms Bullish Trend
From January to April 2025, Bitcoin's price formed a falling wedge, which often signals a bullish reversal. In early May, Bitcoin broke out of the wedge, confirming the reversal and triggering strong buying pressure.
Price Forecasts for Bitcoin Up to $130,000
Currently, Bitcoin is trading above $103,000 with strong momentum. The next major resistance stands at $109,588. If surpassed, the path toward $130,000 becomes increasingly likely.
The bullish trend of Bitcoin, driven by whale accumulation and supportive economic factors, confirms optimism in the cryptocurrency market and opens prospects for further price growth.
