{"id":6005,"date":"2025-05-08T23:36:34","date_gmt":"2025-05-08T22:36:34","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=6005"},"modified":"2025-05-08T23:36:35","modified_gmt":"2025-05-08T22:36:35","slug":"bitcoin-skyrockets-to-103000-is-this-start-bull-run","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/bitcoin-skyrockets-to-103000-is-this-start-bull-run\/","title":{"rendered":"Bitcoin Skyrockets to $103,000 : Is this the Start of a Bull Run ?"},"content":{"rendered":"\n

Bitcoin (BTC) Price Surges : Here’s Why<\/h2>\n\n\n\n

The Bitcoin<\/a> (BTC)<\/strong> once again surpasses the symbolic $100,000<\/strong> mark, reaching $103,000<\/strong> on May 8, 2025<\/strong>. The BTC price records an over 6%<\/strong> increase in 24 hours.<\/p>\n\n\n

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Bitcoin (BTC) Price Peak on May 8, 2025<\/em> – Coinmarketcap<\/a><\/figcaption><\/figure>\n<\/div>\n\n\n

This breakout above $100,000, a major psychological level, is driven by a significant increase in open interest<\/strong> on Bitcoin options. The open interest hits a record of $30.7 billion<\/strong> on Deribit, an all-time high since March. In just one day, this open interest surged by $2.2 billion<\/strong>, fueled by intense speculation. Traders overwhelmingly favor call options<\/strong>, especially those with an ambitious $300,000 strike for June<\/strong>, accumulating a total notional value of $500 million<\/strong>.<\/p>\n\n\n\n

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A call option allows the trader to buy Bitcoin at a specific price (strike) before a set date. The higher the strike, the more the trader bets on a significant increase. A $300,000 strike indicates a bullish signal on Bitcoin.<\/p>\n<\/blockquote>\n\n\n

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Chart showing the open interest in Bitcoin put options between May and July – source : Laevitas.ch<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n

The impending expiration of $13.6 billion of options this Friday<\/strong> could amplify market volatility. Historically, these massive expirations have often been catalysts for upward rallies. This was notably the case in November 2024 when BTC nearly touched $100,000. The Bitcoin ETFs<\/strong>, fueled by regular institutional flows, amplify this upward trend. However, current trading volumes, while increasing, remain below peak levels seen during previous bull cycles. This suggests a potential consolidation risk if the momentum were to fade.<\/p>\n\n\n\n

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Why Bitcoin Could Aim Even Higher ?<\/h2>\n\n\n\n

From a technical standpoint, Bitcoin shows a strong bullish momentum. The price is above the 50-day Simple Moving Average (SMA) at $87,892, and a bullish MACD supports the trend, despite a slightly flattened histogram. The 14-day RSI at 66.6 remains in bullish territory without overheating, leaving room to test the all-time high of $108,786.<\/p>\n\n\n\n

The support levels at $97,700 and $95,000 form a strong base, while the resistance at $104,000 poses the next challenge. A close above it could propel BTC towards $108,000<\/strong>.<\/p>\n\n\n\n

The increasing liquidity, boosted by ETFs and options activity, reduces the risk of deep corrections. Institutional adoption, with steady flows into ETFs, strengthens the bullish sentiment. However, a bearish RSI divergence during the breakout at $100,000 warns of a possible slowdown if volumes do not increase.<\/p>\n\n\n\n

Is It Too Late to Buy Bitcoin (BTC) ?<\/h2>\n\n\n\n

At $103,000, Bitcoin raises a crucial question: Is it still time to invest? The fundamentals remain strong, with increasing institutional adoption via ETFs and record speculative interest in options.<\/p>\n\n\n\n

The crossing of $100,000 has also boosted altcoins<\/strong>, with Ethereum<\/a> gaining 6%<\/strong> and Solana<\/a> up by 10% in 24 hours<\/strong>, indicating an overall bullish crypto market. However, the expiration of $13.6 billion of options could trigger sudden volatility, and massive profit-taking could push BTC back to $97,700.<\/p>\n\n\n\n

A gradual buying strategy (DCA) on pullbacks towards $97,700 to $98,000 seems prudent, with strict risk management amid high speculation. On-chain data suggests that whales have not yet sold massively, an encouraging sign. Can Bitcoin reach $108,000 this summer? The bulls will need to defend $100,000 and attract more volumes to confirm a sustainable bull run<\/a>.<\/p>\n\n\n\n

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