Bitcoin Hits New High: Will $100,000 Mark Be Reached This Week?

Bitcoin (BTC) has just recorded a  3.4% increase in 24 hours , pushing the price to  $98,748.72 – very close to the $100,000  milestone   that investors are expecting.

What factors are driving the price increase?
This rally is supported by three main factors:

Clarity in cryptocurrency regulations creates investor confidence.
Market optimism , especially as Bitcoin breaks major milestones.
Money flows from large institutions , as they see Bitcoin as a strategic investment channel.
Entering the early stages of a bull cycle?
According to analyst  Ki Young Ju , market data shows that Bitcoin is moving from a bear cycle to a bull cycle, similar to  2020 .

Technical indicators, such as  the BullBear Market Indicator , suggest a long-term bullish trend may be forming, adding to investor optimism.

$1 Billion Short Position About to Be Liquidated
If Bitcoin breaks above  $100,000 , about  $1.06 billion in short positions  will be liquidated, according to  Ash Crypto .

This can lead to a  “short squeeze ,” where prices rise rapidly, forcing short-sellers to buy back, pushing prices even higher.

Should we take profit?
Data from the  S2F (Stock-to-Flow) index  shows that Bitcoin is at  2.5 , which is usually a good time to take short-term profits. However, the analysis shows that the market is still in a bull cycle and the next milestone could be  $110,000  if Bitcoin breaks above  $100,000 .

Conversely, if the $97,000 support level fails to hold  , the price could correct towards  $93,500 , where larger investors could step in further.

Conclude
Bitcoin is on track to surpass  $100,000 , a milestone that is expected to be reached this week. However, the high volatility also poses risks for investors. Is this the start of a historic bull run? We can only wait and see.