Bitcoin Price Analysis: Can BTC Push To $100,000 Despite Bearish Signals?
Bitcoin’s (BTC) rally stalled after it reached an intraday high of $97,963 on Wednesday. The flagship cryptocurrency dropped 1.41% on Thursday before registering a marginal decline to $95,504 on Friday. BTC is down 0.29% during the ongoing session, trading around $95,222.
Despite the sluggish price action, some analysts believe Bitcoin can rally above $99,000 despite several bearish indicators. However, others believe the price will reach the stated target before witnessing a deeper correction.
White House Could Scupper CLARITY Act
The White House has threatened to withdraw its support for the crypto market structure bill following Coinbase’s sudden withdrawal. According to Fox Business reporter Eleanor Terrett, the White House is beside itself over Coinbase’s decision to withdraw its support for the Digital Asset Market Clarity Act, calling the move aunilateral action that blindsided the administration.
Terrett stated in a post on X,
The White House is said to be furious with Coinbase’s “unilateralaction on Wednesday, which it apparently was not notified of in advance, calling it a “rug pull” against the White House and the rest of the industry.”
Terrett claimed her source believes the Trump administration may fully abandon the bill unless Coinbase returns to the negotiating table and agrees to a compromise on stablecoin yield provisions that would satisfy banking interests. The source added,
This is President Trump’s bill at the end of the day, not Brian Armstrong’s.
Riot Platform Shares Jump 11%
Riot Platform shares rallied over 11% after the miner announced it had sold Bitcoin to finance a land acquisition in Texas. Riot Platforms stated in a notice that a $96 million deal for 200 acres of land in Rockdale was funded entirely by the sale of around 1,080 BTC. The miner also signed a data center lease and services agreement with semiconductor company AMD (Advanced Micro Devices), deploying 25 megawatts of crucial IT load capacity. Riot Platforms CEO Jason Les stated,
These results mark a pivotal moment that cements Riot’s position as a leading data center developer, less than twelve months since the launch of our formal process to evaluate our assets for AI/HPC use.
According to Riot Platforms, the initial 10-year agreement is expected to generate around $311 million in revenue for the company, with the potential to reach up to $1 billion in revenue if it exercises its three five-year extensions.
KBC Bank To Launch Bitcoin (BTC) and Ethereum (ETH) Trading Under MiCA
KBC, one of the largest banks in Belgium, plans to roll out Bitcoin and Ether trading for retail investors through its own custodial solution and investment platform. According to the announcement, the bank’s customers will be able to buy and sell crypto assets through the online investment platform, Bolero.
This will enable self-directed investors in Belgium to invest in cryptocurrencies within a secure and fully regulated environment, a first in Belgium.
KBC’s crypto trading was launched in compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCA), and will operate on the bank’s proprietary custodial architecture. KBC also stated that it will be the first Belgian bank to meet MiCA requirements. It has also submitted a complete notification as a crypto asset service provider (CASP) to the National Bank of Belgium (NBB).
KBC is an authorized CASP, as it has received approval from the Belgian supervisory authorities to offer crypto services. We comply with all legal obligations, including the reporting of crypto‑assets to the competent authorities.
Bitcoin (BTC) Price Analysis
Bitcoin’s (BTC) rally stalled after reaching $97,963 on Wednesday. Selling pressure returned on Thursday as the flagship cryptocurrency fell 1.41% to $96,587. Sellers retained control on Friday as the price registered a marginal decline. BTC is down 0.28% during the ongoing session, trading around $95,261.
Some analysts believe BTC will rally above $99,000 despite several bearish signals. However, they warn that it could experience a deeper correction after reaching this level, preventing it from breaking critical support levels. The analysts noted that retracement levels will continue to be adjusted and projected a new all-time high in 2026. Market participants are positioning themselves for a rally past major resistance levels as Bitcoin looks to reclaim $100,000. The flagship cryptocurrency rallied after softer-than-expected Consumer Price Index (CPI) numbers and inflation data. However, the rally stalled after crossing $97,000 due to low funding rates and jittery investor sentiment.
However, markets are regaining momentum, with Bloomberg ETF analyst Eric Balchunas highlighting robust ETF inflows over the past few days. Spot Bitcoin ETFs recorded four days of inflows, but snapped the streak on Friday with $394 million in net outflows.
BTC ended the previous weekend in positive territory, rising 0.99% to $91,494. Bullish sentiment intensified on Monday as the flagship cryptocurrency rose 2.60%, crossing $93,000 to $93,870. Selling pressure returned on Tuesday as the price dropped to a low of $91,203 before reclaiming $93,000 and settling at $93,722. Selling pressure intensified on Wednesday as BTC fell nearly 3% to $91,279. Sellers retained control on Thursday as the price briefly fell to a low of $89,200 before settling at $91,026.
Source: TradingView
BTC faced volatility on Friday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price fell 0.56% to $90,515. Price action was mixed over the weekend as BTC registered a marginal drop on Saturday before rising 0.54% on Sunday to $90,872. The price faced volatility on Monday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as BTC registered a marginal increase to $91,188. The flagship cryptocurrency rallied on Tuesday, rising nearly 4% to reclaim $95,000 and settle at $95,384. Buyers retained control on Wednesday as BTC rose 1.65% to $96,955. Selling pressure returned on Thursday as the price fell 1.41% to $95,587. BTC registered a marginal decline on Friday and is down 0.25% during the ongoing session, trading around $95,287.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.