Bitcoin above $ 100,000, will the rebound last?

Bitcoin has once again passed the $ 100,000 mark, carried by the appeasement of trade tensions. But can this rebound really last? Decryption.

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Back to the summits? Bitcoin refranched on Thursday, May 8, the symbolic bar of $ 100,000, and reached this Dollars 103,000 on Friday, May 9. A level that the queen of cryptocurrencies had not touched since the end of January last, when, following the inauguration of Donald Trump, she had rallied her historic high, around the $ 105,000. A revival which is first explained by a macroeconomic appeasement: “Tensions and market stress – including cryptos – have diminished in recent weeks”Note Laurent Ovion, director of innovation at DLPK.

The rebound in the Bitcoin course seems to greet the trade agreement signed yesterday, Thursday, May 8, between the United States and the United Kingdom. A first inflection to the massive recovery of customs duties on the scale of the globe, announced by Donald Trump on April 2, and which had dropped Bitcoin up to $ 75,000 In the space of a week. A relatively low price including “some actors have rather accommodated», Notes Laurent Ovion, with the idea of ​​making a good deal. Also, “This buying pressure begins to be felt and contributes to the current rise ”, points the expert.

Will this be enough to continue to pull Bitcoin up over time?

But will this be enough to continue to pull Bitcoin up over time? For Laurent Ovion, the return to levels close to the historic summit risks triggering profits, in other words sales in order to cash in capital gain. Sales that could drop the soufflé: “For short -term traders, the levels recently reached (around 103,000, $ 104,000) represent great resale opportunities, especially for those who had entered $ 96,000.” In counterpoint, some longer-term investors could also be seduced by the idea of ​​keeping their bitcoin, with the idea that it was perhaps the last opportunity to acquire below 100,000 dollars.

In addition to the decisions of short -term investors, two indicators will be decisive for the Bitcoin course until the end of the year, according to our expert. First, the money supply: “If the American Federal Reserve (FED) is starting to lower rates and revives accommodating policies, this could mechanically benefit Bitcoin in the second half of the year.” Indeed, when the rates drop, the yield of risk -free investments decreases, and the influx of liquidity refers in principle to risky assets, such as Bitcoin.

It will also be necessary to look at the side of the states or companies that are starting to constitute Bitcoin strategic reserves, which two American states have just been active this week: Arizona and New Hampshire. In addition to offering more legitimacy – and therefore potential value – to cryptoactives, these decisions “Draw the available offer, and create upward pressure on prices”, concludes Laurent Ovion.