Bitcoin Price Prediction: Can BTC Hold Above $100,000 as Market Sentiment Shifts?

Bitcoin price has become the center of attention among traders and analysts, with recent market movements raising critical questions about whether the cryptocurrency can sustain levels above $100,000. Currently trading at $87.69K with a modest 0.20% decline over the past 24 hours, Bitcoin faces a critical juncture where macroeconomic tailwinds and technical resistance levels will determine its near-term trajectory.

Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, recently suggested that if market conditions remain favorable, Bitcoin price prediction models point toward sustained strength above the $100,000 threshold. The analyst’s outlook hinges on several converging factors that could reshape investor sentiment in the coming weeks.

Technical Resistance Levels and the Path for Bitcoin Price Recovery

Bitcoin’s technical structure presents a mixed picture for price forecasting. According to recent analysis, resistance barriers remain elevated at $117,600 and $122,000, representing significant hurdles for bullish momentum. Should Bitcoin price break through $122,000, technical analysts identify the upper boundary of a broadening wedge pattern at $128,000 as the next potential target, suggesting substantial upside if current weakness reverses.

The critical support zone around $100,000 has emerged as a strategic level in Bitcoin price prediction frameworks. The $106,900 level has successfully held throughout recent trading sessions, providing stability to the broader market structure. However, if this key support breaks, traders anticipate potential testing of the $105,000–$102,000 support zone, which has already been tested twice. A third rejection in this area could open the door to further declines toward $96,000, a crucial long-term floor for the broader bull market narrative.

Macroeconomic Tailwinds Supporting Bitcoin Price Strength

Recent developments in U.S.–China trade relations have injected renewed optimism into risk assets, including Bitcoin. U.S. Treasury Secretary Scott Bessent’s weekend remarks regarding a potential one-year postponement of restrictions on China’s rare earth exports, combined with reports of Chinese plans to purchase substantial quantities of U.S. soybeans, have shifted market sentiment from fear to cautious hope. These developments are expected to be formalized following an anticipated Trump–Xi summit in South Korea.

The improved trade outlook has catalyzed a shift in the bitcoin-to-gold ratio, pushing it back above pre-October 10 levels—the date when aggressive tariff threats sent markets into a sharp decline. More importantly, spot Bitcoin ETFs have experienced fresh inflows, signaling institutional conviction. Data shows that over $2 billion exited U.S. gold ETF positions last week; if even a fraction of these capital flows redirect toward Bitcoin vehicles, it could represent a powerful endorsement of the cryptocurrency’s upside potential.

The Federal Open Market Committee (FOMC) is scheduled to meet this week, with markets widely anticipating a 25-basis-point rate cut—a development typically viewed as supportive for Bitcoin price appreciation. Meanwhile, major earnings announcements from technology and crypto sectors—including Microsoft, Meta, Google, Apple, Amazon, Coinbase, and MicroStrategy—could influence investor risk appetite and, by extension, Bitcoin price direction throughout the week.

The Road Ahead for Bitcoin Price Prediction

Whether Bitcoin price can establish and maintain a floor above $100,000 remains the defining question for traders and strategists alike. The convergence of improving macroeconomic conditions, anticipatory rate cuts, and growing institutional interest through spot ETFs provides a constructive backdrop. However, technical resistance overhead and recent price weakness suggest that near-term consolidation is likely before any sustained breakout.

Kendrick’s assertion that Bitcoin price may never fall below $100,000 again carries weight if this week’s favorable conditions hold and translate into concrete policy outcomes. For investors monitoring Bitcoin price prediction models, the immediate focus should remain on whether the cryptocurrency can reconsolidate above $106,900 and eventually challenge the $117,600 resistance level. Success at these technical points would validate the bullish narrative and support the longer-term thesis that $100,000 represents a new support floor for Bitcoin price discovery.