This Development Happened for the First Time in Bitcoin's History! Expert Analysts Shared the Next Price Target for BTC

Bitcoin has managed to stay above the 100 thousand dollar level for the first time for 30 days. This achievement is considered an important psychological and structural threshold by crypto currency investors and market analysts.

After reaching an all-time high on May 22, Bitcoin, which declined to $100,428 with a 10% pullback, rebounded over the weekend as buyers stepped in and rose to the $105,000 level. On the first trading day of the week, it climbed to $110,000 due to optimism surrounding US-China trade talks. Thus, for the first time since May 8, Bitcoin traded for 30 consecutive days without falling below $100,000.

Wolfe Research technical analyst Read Harvey stated that the breaking of this resistance and its transformation into a support level is a very positive signal, using the following expressions:

"During the testing process where the price has pulled back to 100 thousand dollars, maintaining this level and coinciding with the 50-day moving average means a new jumping ground in our opinion. This situation could be a precursor to a new rise towards the peak of 112,000 dollars."

DYOR CEO Ben Kurland argued that the $100,000 level is no longer just a speculative bubble, but a "new floor" supported by institutional investments, ETF inflows, and a maturing investor profile.

"The era of temporary rallies and swift pullbacks is coming to an end. This structural support may be preparing us for Bitcoin's next major climb. If 100,000 dollars is the new base, the range of 120,000-130,000 dollars could be the next target area," he said.

On the other hand, Tyrone Ross, the founder of 401 Financial, stated that while the maintenance of this level by Bitcoin is more of a psychological threshold than a technical one, it could serve as a driving force for price increases.

"Data on the chain shows that long-term investors are selling. Institutional and ETF purchases are strong, but individual investors have not fully returned yet. The longer Bitcoin stays above 100,000 dollars, the more it attracts the interest of individual investors."

*This is not investment advice.

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