Bitcoin Survives the $100,000 Crash Test — What’s Next for the Market?
Bitcoin held its $100,000 support level, with analysts predicting a bullish trend driven by anticipated liquidity expansion despite current volatility.Summary
Bitcoin recently tested and successfully held the $100,000 psychological floor, leading analysts to maintain a structurally bullish outlook. PlanB views the dip as a mid-cycle pause, noting the market lacks mania indicators (RSI below 80) and projects a future target range of $250,000–$500,000.
Macro analysts Arthur Hayes and Raoul Pal attribute the short-term weakness to tightening US dollar liquidity caused by the swelling Treasury General Account (TGA). They anticipate a reversal when the government reopens and begins spending down the TGA, which Hayes calls "stealth QE" via the Standing Repo Facility, and Pal sees as the end of quantitative tightening and the start of a global liquidity flood.
This divergence is supported by data showing large Bitcoin holders (whales) accumulated nearly 30,000 BTC worth $3 billion while retail sentiment was low and ETFs saw outflows. The consensus suggests accumulation is occurring before the next expansion phase, reinforcing the $100,000 support zone.
(Source：BeInCrypto)