Bitcoin in the Danger Zone: What Now After $104.000?

Bitcoin In Danger Zone After Reaching $104.000

10 May 2025 at 07: 26

Reading time: 2 minutes

De Bitcoin price recently reached a remarkable peak, reaching $103.000, the highest level since January. The $104.000 mark was briefly touched, but now selling pressure is starting to make itself felt. Can bullish investors keep Bitcoin above the magic $100.000 mark, or are we witnessing a pullback?

$6.000 Away From All-Time High

At $103.000, Bitcoin is now just $6.000 away from its all-time high. An impressive jump, especially considering the cryptocurrency bottomed out at $7 on April 74.400. Since then, Bitcoin has gained nearly $30.000, and at a breakneck pace. This rise is largely due to positive news surrounding the trade war, which points to a possible resolution. The government of Trump has been able to reach a deal with the UK, and negotiations with China are imminent. Rumors even suggest that Trump would be willing to halve import tariffs on China – from 145% to 50%. That would at least ease the current trade blockade.

Crucial battle for the bulls

While world politics remains exciting, the charts are also full of developments. Analysts point to a crucial moment in Bitcoin's history. Pseudonymous analyst Patric H. argues, using Fibonacci levels, that Bitcoin still has to cross one important threshold to reach new heights.

In his recent Twitter post, he explains that Bitcoin has broken through the 1.618 FIB instance and is now at a critical point where its price can rise to new records. His prediction? A breakout would not only increase Bitcoin’s price, but also give a boost to the entire altcoin market.

The only question now is whether Bitcoin can overcome this resistance barrier. After all, the market has its own laws, and sometimes investors ignore logic altogether. Ultimately, Bitcoin’s price is a result of supply and demand. If enough people are convinced that they need more Bitcoin, the price will naturally rise.

Frequently Asked Questions

How many dollars is Bitcoin away from its all-time high?
Bitcoin is currently only $6.000 below its all-time high.

What are the main reasons for Bitcoin's recent rise?
The recent increase has been largely driven by positive news about the trade war, particularly the negotiations between the Trump administration, the United Kingdom and China.

What is the role of supply and demand in the Bitcoin market?
Bitcoin's price fluctuates based on supply and demand; if there is sufficient demand, the price will naturally rise.

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