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

▲ Bitcoin (BTC)

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

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

Van de Poppe stated, "A narrative is not necessarily required to drive price increases. If the price moves first, the narrative follows." He further emphasized regarding 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 point to interest rate policies, regulatory changes, and inflows of funds into Bitcoin spot ETFs as catalysts for a rise, Van de Poppe has taken the position that these factors are not essential conditions.

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

Bitcoin has not recovered $100,000 for nearly five months, but some analysts believe that the price movement itself could create an upward trend 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.*