"Bitcoin goes even without special news"...Scenario of 'automatic' breakthrough to $100,000 rapidly emerges

▲ Bitcoin(BTC)

Market expectations have reignited with an analysis suggesting that Bitcoin (BTC) could break past $100,000 again even without additional positive news.

According to Cointelegraph, a cryptocurrency specialized media outlet, on May 2nd (local time), Michael van de Poppe, founder of MN Trading Capital, reportedly stated that "Bitcoin can rise without a new narrative or catalyst."

Van de Poppe stated, "A narrative to drive price increases is not necessarily needed," adding, "If the price moves first, the narrative follows." He further emphasized about the current phase, "An approach based on mathematics, statistics, and logic is important, and it is still a favorable period for accumulation."

While some in the market cite interest rate policies, regulatory changes, and inflows into Bitcoin spot ETFs as catalysts for a rise, Van de Poppe took the stance that these factors are not essential conditions.

It was also mentioned that the focus on Bitcoin has decreased as market interest recently shifted to other technology sectors such as artificial intelligence (AI). It was explained that Nvidia's stock price has risen this year while Bitcoin has shown a downward trend, indicating a shift in fund flows.

Although Bitcoin has not recovered $100,000 for nearly five months, some analysts believe that the price movement itself can create an upward phase again.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*