Bitcoin price breaks above $100,000 but struggles to hold, with analysts predicting stabilization
From Morningstar: 2025-06-09 11:32:00
Bitcoin broke above $100,000 but struggled to hold steady. It saw a climb in April amid market uncertainty, reaching a three-month high after Trump’s trade deal with China. Bitcoin hit a new all-time high in May, touching $112,000, before falling back to around $103,000. Investors now await what’s next for Bitcoin.
Experts debate if Bitcoin can maintain above $100,000. Some see it as a technical breakthrough, while others are cautious. Resistance and support levels are crucial in trading. Analysts believe $100,000 may now act as a new support level, rather than a ceiling.
Institutions increasingly view Bitcoin as a strategic asset, not just a speculative investment. More states are enacting Bitcoin laws, while physical ETPs attract strong inflows. Macroeconomic factors and supply side pressure contributed to Bitcoin’s recent rally, making it a hedge against monetary instability.
The recent rally highlighted Bitcoin’s potential as a safe haven asset. Global economic dislocation and inflation concerns boosted demand for hard assets like Bitcoin and gold. Bitcoin’s role as a non-sovereign store of value is reinforced during times of trust erosion, making it a valuable asset in uncertain times.
Bitcoin faces regulatory risks and liquidity shocks ahead. Uncertainty around US politics and tariffs may fuel market volatility. Analysts predict Bitcoin’s price to stabilize around $100,000-$110,000 in the short term, barring new shocks. Risks include inflation resurgence, regulatory changes, and liquidity tightening, impacting Bitcoin’s price and market dynamics. 1. The stock market experienced a significant drop today, with the S&P 500 falling by 2.5% due to concerns over rising inflation and interest rates. The Dow Jones Industrial Average also saw a 600-point decline, marking the largest single-day drop since October 2020.
2. The latest unemployment report indicates that jobless claims have reached a new low, with only 210,000 claims filed last week. This marks a 50-year low in unemployment claims and suggests a strong labor market recovery following the pandemic-induced recession.
3. In international news, tensions between Russia and Ukraine continue to escalate, with reports of Russian troops amassing near the Ukrainian border. The United States and European Union have expressed concern over the potential for conflict, calling for a peaceful resolution to the situation.
4. A new study published in a leading medical journal suggests that the COVID-19 vaccine offers long-lasting protection against severe illness and hospitalization. The study found that vaccine efficacy remains high even six months after receiving the initial doses, providing reassurance to those concerned about waning immunity.
Read more at Morningstar: Will the Bitcoin Price Fall Back Below $100,000?