Bitcoin, the main cryptocurrency by market capitalization, approached the $105,000 stage earlier this Sunday, reaching an intraday excessive of $104,958 on the Bitstamp trade.
There have now been a complete of 12 days the place the value of the main cryptocurrency has closed above the extremely necessary $100,000 mark.
It’s extremely quiet
Even though Bitcoin is simply inches away from reclaiming the $100,000 stage, retail buyers seemingly stay on the sidelines for now.
“Funding charges are additionally low relative to prior worth peaks. Once they come, they’re going to come very closely,” he stated.
Fundstrat’s Tom Lee has described this type of silence as “unusual,” on condition that Bitcoin has made vital strikes over the previous few days.
It’s not clear whether or not Bitcoin will be capable of maintain the present momentum and ultimately attain a brand new file excessive. As reported by U.In the present day, Customary Chartered predicted
Within the meantime, chartist Todd Butterfield believes that Bitcoin is calmly overbought following the latest surge, that means that the cryptocurrency may expertise a slight pullback.
Our Technometer is lastly overbought for #Bitcoin We search for a pullback right here…. #Wyckoff pic.twitter.com/coIx7Ljn95
— Todd Butterfield (@WyckoffOnCrypto) Might 11, 2025
A prescient Reddit put up
Within the meantime, an especially prescient Reddit put up from 2011 predicting Bitcoin’s worth motion just lately emerged on social media.
A Reddit consumer (u/oldie101) made a put up on the r/MarkMyWords subreddit predicting that the cryptocurrency would be capable of hit $100,000 in 2025.
“Simply realized why I used to be getting notifications. No, I didn’t hodl. Purchased and offered as life moved on. Nonetheless hodl a bit, however might have been lengthy retired if I trusted myself way back,” the consumer wrote a Reddit remark 4 days in the past.
