Bitcoin’s return to the $100,000 mark marks a significant moment in the cryptocurrency market, but there is debate as to whether this represents the start of a new bull rally or just a temporary consolidation.
Signs of a new rally
1. Growing institutional interest: The entry of large investors, such as pension funds and financial institutions, has generated strong demand for the asset. The approval of Bitcoin ETFs in the US has also contributed to the appreciation  .
2. Wider adoption: The advancement of regulation and greater confidence in the crypto economy are solidifying Bitcoin as a store of value, similar to digital gold .
3. Bullish projections: Analysts point to resistance levels around $110,000 and possible long-term targets between $150,000 and $200,000, suggesting that the trend may continue  .
Risks and possibility of consolidation
1. Technical corrections: After such a strong move, a correction to levels close to $95,000 may occur, as prices adjust to the moving averages .
2. Crypto market volatility: Despite the optimism, Bitcoin is still susceptible to external factors, such as macroeconomic changes and more restrictive regulations .
3. Bitcoin dominance: The high concentration of investments in BTC may divert attention from altcoins, leading to a temporary stabilization while the market seeks new growth opportunities.
