Bitcoin is closing in on the coveted $100,000 price level

The rally higher in the bitcoin price overnight coincides with a post by President Trump on his Truth Social platform, about a major trade deal with a “highly respected” country, widely reported to be the United Kingdom. The $100K level is particularly important with bitcoin. 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.

It is possible that we could see a similar sell-off again, and a dip lower into the $90,000’s again but this will be short-term in my opinion.

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.

Global liquidity – essentially how much money is available in the global economy and a metric which the bitcoin price closely mirrors – is forecast to increase throughout the year, and interest rates globally should continue to come down, contributing to looser financial conditions.

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.

About eToro

eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media centre here for our latest news.

Crypto disclaimers

EU
Crypto investments are risky and highly volatile. Tax may apply. It is important to read and understand the risks of this investment, which are explained in detail at this link

This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.

ASIC
Crypto assets are unregulated & highly speculative. No consumer protection. Capital at risk.

Regulation and License numbers
Europe

eToro (Europe) Ltd, is authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) under licence number 109/10. Registered in Cyprus under Company No. HE 200585.
09.05.2025 / Editor, Andreea Dragan

The diplomatic daily newspaper Nine O’Clock does not assume responsibility for the information received and published on the public website. The responsibility for the content lies solely with the issuer of the press release.

The diplomatic daily newspaper Nine O’Clock cannot be held accountable for false information transmitted by the recipients of the press releases/announcements.

The diplomatic daily newspaper Nine O’Clock reserves the right not to publish press releases that contain inappropriate expressions or accusations and violations of the rights of other individuals, guaranteed by the Constitution of Romania.

The content of the website www.nineoclock.ro is intended for public information. Copying, reproduction, recompilation, modification, as well as any form of content exploitation from this website are prohibited. The use of the Comments section signifies your agreement to abide by the terms and conditions regarding the publication of comments on www.nineoclock.ro.