Bitcoin Price Surpasses A 2-Week Range: Is This Bitcoin Crypto Surge Going To Persist Beyond $100,000?
The price of BTC is nearing $90,000. Could news from China regarding cryptocurrency and rising institutional interest push Bitcoin to reach $100,000, sparking a crypto bull market?
Bitcoin’s value remains strong at the time of writing, showing a notable increase of 3% over the last 24 hours. With prices climbing and the coin potentially finding support, there is heightened optimism that BTC might rebound following its losses in March.
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Breakouts in Bitcoin Pricing
At this moment, BTC has surpassed a two-week trading range, with hopeful buyers looking to test significant psychological thresholds at $90,000 and $100,000.
The resurgence of uptrend sentiment and the belief that a Bitcoin surge to $100,000 is unavoidable may help explain the shift in the Fear and Greed Index from “extreme fear” to “fear” and a slightly uptrend stance.
(Source)
The rise in digital currency values has brought the overall trading market capitalization close to $3 trillion and could even exceed $3.5 trillion if uptrend momentum continues.
From a technical standpoint, buyers appear to have the advantage, and if they maintain their stance, Bitcoin could trigger a crypto price surge, affirming the strength of Q4 2024 purchasers.
(BTCUSDT)
Short-term barrier level is found at $90,000, while support is identified in the $75,000–$80,000 range. Surpassing this liquidation zone could lead the token to $100,000 and ledger highs near $109,000.
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Is This an Optimal Time to Purchase Bitcoin (BTC)?
One analyst, examining on-chain metrics, observes that there has been a decline in aggressive selling in recent months, relieving some pressure on various noteworthy presales worth considering for purchase in 2025.
In a post on X, he proposes that this trend suggests that holders are retaining their assets, anticipating price appreciation—likely in the absence of adverse macroeconomic or market forces.
In the last month, there has been a noticeable drop in aggressive Bitcoin selling activity, which indicates a decrease in selling pressure. Provided there are no negative macroeconomic or trading market developments, the current week could see moderate growth potential. pic.twitter.com/8yHnT6ypzh
— Axel
Another analyst points out that the market value to realized value (MVRV) ratio stands at approximately 0.93, indicating that short-term BTC holders (those who purchased within the last 90 days) are experiencing a 7% unrealized wrecked.
Historically, such conditions suggest strategic buying moments, particularly for those looking to long-term holding long-term.
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Attention Turned to China Crypto Update and US Institutions
In addition to technicals, underlying factors may boost interest.
Recently, a Bitcoin ETF issuer in Hong Kong suggested that China might be reconsidering its ban on crypto asset trading.
BREAKING: HONG KONG ETF ISSUER STATES CHINA IS “EXPLORING A REVERSAL” OF ITS POSITION ON #BITCOIN AND CRYPTO
CHINA IS GEARING UP
— The BTC Historian (@pete_rizzo_) March 24, 2025
Should regulations loosen, fresh interest from Chinese investors, sidelined since 2017, could materialize.
In the meantime, US institutions are showing signs of engagement.
On March 21, over $83 million worth of spot Bitcoin ETF shares were acquired. If Bitcoin prices increase today, institutions may further invest.
Current trends indicate a potential rise in prices following a period of accumulation.
Continued momentum could push Bitcoin past $90,000, setting up a close near $100,000.
Nevertheless, the rate of growth depends on the influx of institutional capital and favorable sentiment directing investments into cryptocurrency, including some of the most promising Solana meme coins to purchase.
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Bitcoin Breaks from 2-Week Range: Bitcoin Headed to $100K?
- BTC Price Breakthrough: BTC increases by 3% in 24 hours. Is $100,000 next?
- Bullish Crypto Outlook: Bulls express confidence as prices near $90,000
- Crypto Bull Market: Crypto market valuation approaches $3 trillion
- Institutional Interest & China Crypto Update Surge: $83M in ETF purchases and a potential shift in China’s policy may enhance Bitcoin demand
The article Bitcoin Price Surges Beyond a 2-Week Range: Will This BTC Crypto Rally Continue Beyond $100,000? first appeared on 99Bitcoins.
