{"id":23611,"date":"2025-05-02T13:54:05","date_gmt":"2025-05-02T10:54:05","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoins-path-to-100000-analysts-highlight-conflicting-signals\/"},"modified":"2025-05-02T13:54:05","modified_gmt":"2025-05-02T10:54:05","slug":"bitcoins-path-to-100000-analysts-highlight-conflicting-signals","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoins-path-to-100000-analysts-highlight-conflicting-signals\/","title":{"rendered":"Bitcoin&#8217;s Path to $100,000: Analysts Highlight Conflicting Signals"},"content":{"rendered":"<p>Micha\u00ebl van de Poppe, analyst and founder of MN Trading, noted the &#8220;growing potential&#8221; for the crypto asset market to rise amid falling rates and a weak US dollar.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Ultimately, macro environment is changing significantly. <\/p>\n<p>\u2014 Gold comes down.<br \/>\u2014 Yields are falling.<br \/>\u2014 Pressure on the FED is increasing.<br \/>\u2014 Nasdaq goes up.<br \/>\u2014 CNH\/USD goes up.<\/p>\n<p>Momentum is building for <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#Crypto<\/a> to succeed.<\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1917928994772816197?ref_src=twsrc%5Etfw\">May 1, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Among other catalysts, he pointed to the rise of the Nasdaq and the fall in gold prices, as well as increased pressure on the <span data-descr=\"Federal Reserve System of the USA\" class=\"old_tooltip\">FED<\/span>.<\/p>\n<p>In a comment to Bloomberg, Chris Newhouse, director of research at Ergonia, conversely <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-01\/bitcoin-approaches-100-000-after-breaking-through-10-week-high\">suggested<\/a> a decrease in the influence of macroeconomic factors on traders&#8217; actions:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Overall market sentiment has shifted towards momentum trading, fueled by spot demand as BTC breaks levels not seen since early February. Bitcoin continues to oscillate between correlations with gold and stocks, highlighting a more nuanced and dynamic relationship with macro factors, balanced by short-term momentum and spot demand.&#8221;<\/em><\/p>\n<\/blockquote>\n<p>By the end of April, the 30-day linear correlation coefficient between the leading cryptocurrency and gold <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoins-correlation-with-gold-surges-after-februarys-decoupling\">reached<\/a> 0.54, approaching the annual high of 0.73.<\/p>\n<p>Over the past 10 days, the crypto market capitalization closely correlated with the S&#038;P 500, despite the effects of President Donald Trump&#8217;s <a href=\"https:\/\/u1f987.com\/en\/news\/trump-declares-liberation-day-with-new-tariffs\">&#8220;liberation tariffs&#8221;<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXdPzWgaTCDbb3q0CbR-qZdDwJiENjRucW1QmuEwuupbEo2iyGMOnnzKIsiN4mLpHeIjXn4TH0d3UiOHMKBNV_ODzzN-GW4on3_KZpPkd7Zu0NhL9k_8nJZZPvMLahwtbC8-EVXlbQ?key=G09cnH_NBcPc-le6DbfIJjM7\" alt=\"Bitcoin's Path to $100,000: Analysts Highlight Conflicting Signals\"\/><figcaption class=\"wp-element-caption\">Hourly chart of total crypto market capitalization and the S&#038;P 500 index. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/tKQZRJip\/?symbol=CRYPTOCAP%3ATOTAL\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/x.com\/nansen_ai\/status\/1918213919040258316\">Nansen<\/a>, April saw an outflow of stablecoins from exchanges. The total value of assets on trading platforms&#8217; balances decreased from over $66 billion to $61.5 billion.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXcWpMrD83zpnbYbvTWUbR1jUnP7oytC4gXTvZEJfhmtK7Y3Z9Eis46zvq8FeRVUgSrDHu9k70jlE5QLpOqgAXsFHDsze3rlDRYC1LWelo3iNJ2iJVPsCz5T-GjsIO5jMGy2COnrSA?key=G09cnH_NBcPc-le6DbfIJjM7\" alt=\"Bitcoin's Path to $100,000: Analysts Highlight Conflicting Signals\"\/><figcaption class=\"wp-element-caption\">Stablecoin inflows to exchanges. Data: X.\u00a0<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Perhaps the risk season is cooling or simply shifting,&#8221; concluded Nansen.<\/em><\/p>\n<\/blockquote>\n<p>Technical analyst Ali Martinez <a href=\"https:\/\/x.com\/ali_charts\/status\/1918212864919388587\">noted<\/a> that among open BTC positions on Binance, shorts dominate \u2014 63.76% of traders lean towards bearish sentiments.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXc9-vrz14PeNc9BGYdBIcvR1VnhKbxMuw5KwZoF-1wOa0J9xEKMLjp2xi8fU_8rTj7WKH3xLC0DaMEIDAch8ODcRaPxlgPMXXh2K9xsE4hgfigopYnmsvf-jVEQ9Bo5bl1e0WsEmg?key=G09cnH_NBcPc-le6DbfIJjM7\" alt=\"Bitcoin's Path to $100,000: Analysts Highlight Conflicting Signals\"\/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USD on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/tKQZRJip\/?symbol=BINANCE%3ABTCUSD\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, Bitcoin is trading around $96,700. The total crypto market capitalization <a href=\"https:\/\/www.coingecko.com\/\">stands<\/a> at $3.1 trillion.<\/p>\n<p>On May 1, Bitcoin <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-tests-97000-amid-short-term-investor-frenzy\">tested<\/a> the $97,000 mark amid a frenzy of short-term investors \u2014 a sign that has historically preceded rallies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Micha\u00ebl van de Poppe, analyst and founder of MN Trading, noted the &#8220;growing potential&#8221; for the crypto asset market to rise amid falling rates and a weak US dollar. Ultimately, macro environment is changing significantly. \u2014 Gold comes down.\u2014 Yields are falling.\u2014 Pressure on the FED is increasing.\u2014 Nasdaq goes up.\u2014 CNH\/USD goes up. Momentum [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1138,1211],"class_list":["post-23611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-opinions","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=23611"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/23610"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=23611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=23611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=23611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}