As the price of Bitcoin breaks through $100,000, whether it can stabilize at $110,000 by the end of the year has become the market's focus. Behind this are not only the influx of funds from the spot ETF but also significant positive factors such as MicroStrategy's inclusion in the Nasdaq 100 index. This not only concerns Bitcoin's short-term performance but may also determine the starting tone of the crypto market in 2025.
Funds are pouring in, and Bitcoin bulls are unstoppable.
Latest data shows that the daily inflow of Bitcoin spot ETFs reached $429 million, attracting unprecedented market attention. At the same time, MicroStrategy successfully entered the Nasdaq 100 index with its holdings of over $42 billion in BTC assets and $55 billion in ETF assets. This move not only enhances Bitcoin's dominant position but also increases institutional investors' enthusiasm for buying.
Interestingly, even so, the bulls still face a significant psychological barrier: market hesitation after breaking $100,000. Many investors psychologically resist six-figure Bitcoin prices, causing short-term prices to hover around the $100,000 threshold.
Year-end sprint: How important is the $110,000 threshold?
From a technical perspective, Bitcoin is currently fluctuating within a symmetrical triangle, showing a stalemate between bulls and bears. The 50-day moving average provides strong support, while the RSI indicator has maintained a sideways consolidation within a parallel channel since the beginning of the month, indicating that the upward space has not been exhausted.
If the bulls can break the bearish pressure in the next 4 to 5 days, Bitcoin may easily challenge $105,000, or even get close to the $108,000 to $110,000 range. This target not only symbolically lays the foundation for a bull market but will also greatly boost market confidence, preparing for a new round of surges in 2025.
However, if the $100,000 threshold cannot be maintained before the end of the year, Bitcoin may fall below $98,000, although the long-term bullish trend will not change, and the start of 2025 may appear slightly weak.
2025: The return of the king of the bull market?
Even under short-term pressure, most analysts remain optimistic about the 2025 market. A breakthrough above $110,000 is expected to be just a matter of time, and the entire crypto market will welcome a new wave of bullish frenzy, with some predicting that $250,000 may become the target for the next stage.
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