Bitcoin Eyes $100,000 Target as Analysis Shrugs Off Risk-Asset Bear Threats

Bitcoin consolidated around $95,000 following a run to two-month highs near $96,500, with analysts suggesting it is lagging behind the rally in equities and gold. Trading resource QCP Capital noted that potential fiat currency debasement in the US could spur a rotation into digital assets, arguing that even significant risks like a negative Supreme Court ruling on tariffs are likely already priced into the market. Technical analysts offered mixed views: Charles Edwards of Capriole Investments pointed to a daily close above the 2025 yearly open level near $93,500 as a promising technical move opening odds toward $108,000. Conversely, trader Roman remained bearish, viewing recent price action as textbook bearish, while CrypNeuvo warned of potential rejection near the 50-week EMA resistance at $97,650, suggesting $100,000 is the key level to watch for confirmation of a sustained upward move.

(Source：Cointelegraph)