China today reminded the United States that negotiations have not started and labeled the softening as unilateral rhetoric. This announcement is particularly unsettling for cryptocurrency investors. On the other hand, Japan plans to import more from the U.S. to reach a consensus related to tariffs and is in discussions with several countries. So when will Bitcoin $94,277 reach 100,000 dollars?
Bitcoin’s 100,000 Dollar Target
For altcoins, Bitcoin’s stagnation in six-figure prices is significant, as current levels keep alive concerns about a potential drop to the 69,000-66,000 dollar range. Meanwhile, BTC, lingering around 93,300 dollars, is beginning to recover from a delayed drop caused by tariff announcements.
Jelle highlighted Bitcoin’s trajectory in a BTC chart shared about an hour ago, pointing out the importance of the 100,000 dollar mark.
“Bitcoin is giving the bulls exactly what they want. A shallow pullback confirms the recovery of the lower range – only to rise again. Next could be 100,000 dollars.”
Another encouraging assessment came from Ali Martinez, who drew attention to the Bitcoin MVRV ratio.
“The golden cross between the MVRV Ratio and the 365-day SMA could spark a new Bitcoin bull rally!”
Making Money in Crypto
Beyond shallow fluctuations and excessive speculative movements, a downturn has predominated the markets for months. While short sellers have largely profited, the recent BTC rise surprised them as well. Airdrops are not yielding expected returns, and the news’s impact on charts has become limited, leading short-term investors to believe they can no longer profit here.
Altcoin Sherpa addressed this issue today, sharing his insights for those seeking rapid, short-term gains with less capital.
“Fundamentally-based investments can still be highly profitable in crypto, but you really limit yourself to opportunities. There are very few good projects available, and getting to these projects is not easy. Airdrop hunting and DeFi farming are certainly two options, but both are challenging to grow. I believe adopting a trading-based approach is much better for making real profits, offering more opportunities and flexibility in different market environments. Learning the technology is fine, but if you like this method, you will succeed.”