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 focus of market attention. Behind this is not only the influx of funds from spot ETFs, but also major positive factors such as MicroStrategy joining the Nasdaq 100 Index. This is not only related to the short-term performance of Bitcoin, but may also determine the starting tone of the crypto market in 2025.

Funds are pouring in, and Bitcoin bulls are unstoppable

The latest data shows that the Bitcoin spot ETF has a daily inflow of up to $429 million, which has attracted unprecedented attention from the market. At the same time, MicroStrategy has successfully entered the Nasdaq 100 Index with its holdings of more than $42 billion in BTC assets and $550 billion in ETF assets. This move not only enhances the dominance of Bitcoin, but also increases the purchasing enthusiasm of institutional investors.

But interestingly, even so, bulls still face a major psychological barrier: market hesitation after breaking through $100,000. Many investors are psychologically resistant to the six-digit Bitcoin price, causing the short-term price to hover around the $100,000 mark.

Year-end sprint: How important is the $110,000 mark?

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 been consolidating in a parallel channel since the beginning of the month, indicating that the upside has not yet been exhausted.

If the bulls can break through the bearish pressure in the next 4 to 5 days, Bitcoin may easily challenge $105,000, or even approach the $108,000 to $110,000 range. This target will not only symbolically lay the foundation for the bull market, but will also greatly boost market confidence and prepare for a new round of big gains in 2025.

But if the $100,000 mark is not held by the end of the year, Bitcoin may fall below $98,000, and although the long-term bullish trend will not change, the start of 2025 may be slightly weak.

2025: The return of the bull market king?

Even if there is short-term pressure, most analysts are still optimistic about the market in 2025. It is expected that a breakthrough above $110,000 is only a matter of time, and the entire crypto market will usher in a new round of bullish frenzy. Some even predict that $250,000 may become the next stage of the goal.

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