According to data from most exchanges, Bitcoin surged past $95,000 on Friday and early Sunday after a volatile ride in the past several weeks.
Up more than 11% over the last seven days and with a market cap hovering just under $1.88 trillion, BTC has social media ablaze with shouts of $100K+ price predictions, even as some seasoned voices warn retail traders to tread carefully.
$103K on the Cards
Analyst Titan of Crypto ignited the bullish case, claiming a “bull flag” breakout is underway, and predicting a short-term move to $103,000 in a post on X.
The asset’s recent price movement coincided with substantial accumulation by large investors. According to Santiment, wallets holding between 10 and 10,000 BTC have been aggressively adding to their positions, with Bitcoin advocate Kyle Chassé calling it “THE STRONGEST SIGNAL IN THE GAME!!!”
Santiment also revealed that market sentiment has reached its most greed-dominated level since November 2024, when the flagship cryptocurrency last peaked before correcting 13%.
The analytics platform suggested whales were ready to mop up any BTC offloaded by profit-seeking retail traders in this period, potentially giving the asset a leg up past $100,000:
“If they sell here because they think we are seeing a top, whales would likely scoop up those coins and potentially push Bitcoin above $100K in the next 1-2 weeks.”
Some prominent market watchers have also highlighted key technical developments, including Daan Crypto Trades, who observed Bitcoin’s resilience at key Fibonacci levels. “$BTC Strong bounce and continuation from the .382 Fibonacci Retracement level,” he stated, expressing his fondness for “higher timeframe trends.”
Bull Cycle Incoming?
Adding to the narrative, Michaël van de Poppe suggested the market might be entering a major bull cycle. He cited a chart by TechDev_52 showing that BTC has been in its longest bear run, lasting four years, and implied a reverse cycle was imminent. “We’re about to start the biggest bull cycle ever,” the crypto investor wrote.
However, the Santiment team offered a more cautious perspective, noting that excessive crowd greed might lead to a local top formation, while more measured behavior could allow BTC to maintain its divergence from traditional markets like the SP 500.
With its dominance holding at 61.2% and institutional interest remaining strong, the cryptocurrency’s next move could set the tone for the rest of the digital asset market in the next week.
