Bitcoin Breaks $100,000 – Bullish Trend Returning?

Bitcoin rose steadily in April, breaking through the psychological barrier of $100,000.

The growth is supported by strong capital inflows, with daily net investments often exceeding $1 billion — a sign that buyers are absorbing the pressure from sales, even when profits are being realized.

According to market data, this level of realized gains does not yet suggest a peak has been reached, leaving room for further gains. Since October 2023, capital inflows have consistently exceeded outflows, supporting continued investor confidence.

Recent ETF inflows also point to healthy demand. With the exception of one day of outflows related to uncertainty about the Federal Reserve’s interest rate policy, ETFs have mostly shown positive momentum, further supporting the price of the leading digital asset.

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Bitcoin’s Realized Cap Hits Record as Market Eyes Six-Figure Return

At $100,000, BTC is at a two-month high. If it holds, the next key level is $105,000—a threshold that could fuel further gains toward $110,000. But if it fails to break through the resistance, the price could fall back to $93,000, which would slow down the current uptrend.

Apart from Bitcoin, the entire crypto market is on the rise, with the total market capitalization climbing above $3 trillion.

Alexander Zdravkov