In recent days, it appears evident that the price of Bitcoin (BTC) seems to be heading once again towards the fateful psychological threshold of $100,000.
The thing is curious, because instead many were expecting a drop towards the end of April, and a May still relatively difficult.
The recent rebound of the Bitcoin (BTC) price
In fact, until mid-April, the descending phase that began in February seemed to still be in progress.
This phase had begun precisely with a return below $100,000, after the highs of mid-January, but it was not linear.
In fact, since then there have only been two individual peaks above $100,000, and a third attempt to approach this psychological threshold in the second half of February, but it failed.
However, observing the chart of the price of Bitcoin in this 2025, it is clearly noticeable that at the end of January a new phase characterized by a descending trend began, even though with ups and downs.
It is noted, however, that this trend stopped after April 8.
To tell the truth, at first even after April 8th it seemed that it could resume, but on April 21st there was the turning point.
In fact, the Dollar Index, which had already fallen below 100 points, on April 9th also fell below 99 points, somewhat unexpectedly, and this triggered a rebound in the price of BTC.
From the chart, it is clear that this rebound is still underway.
Bitcoin (BTC) aims towards $100,000
The last time the price of Bitcoin was above the psychological threshold of $100,000 was on February 7, and on February 21 it had stopped at $99,500.
In fact, it was precisely since that February 21 that it had not returned above $97,000.
Yesterday, for a brief moment, it managed to climb back above $97,000, and the current trend seems to remain bullish, with its ups and downs.
In particular, starting from that very April 21 mentioned above, it first climbed above $88,000, then above $90,000, and then with momentum it also surpassed $94,000.
To tell the truth, at that point many were expecting a correction, but instead starting from April 25th it first surpassed $95,000, and then also $96,000.
This growing trend that started less than two weeks ago seems to be aiming for $100,000, although there is still nothing that unequivocally suggests it is destined to last.
The threshold of $100,000
The $100,000 is the most important psychological threshold of recent years for the price of Bitcoin.
Everything begins in 2021, when the price of BTC in full bull not only demolished the previous historical record of about $20,000, but in the momentum even managed to surpass $60,000 in a few months.
At that point, many started aiming for $100,000, which therefore has been the main psychological threshold for the price of Bitcoin for four years now.
During the course of 2021, however, it was not reached, also because the second phase of the bull run, the autumn one, did not allow the price of BTC to reach new peaks much higher than those of the spring phase.
Furthermore, during the subsequent bear-market, the price plummeted even below $16,000, although there was already a strong recovery at the beginning of 2023.
It should be noted that the annual average for 2021 was still above $47,000 in the end, and that for 2022 it fell to $28,000. This speaks volumes about how extensive the bullrun of 2021 was, as well as how deep the bear-market of the following year was.
In 2023 the annual average was about $29,000, but in 2024 it soared, closing the year at $66,000, which is even higher than the first peak of 2021, the spring one.
In fact, the first time Bitcoin surpassed $100,000 in its entire history was on December 5, 2024, even though on the previous November 22 it had managed to exceed $99,800.
In the last five months, it has remained above $100,000 for many days, although never for more than two consecutive weeks.
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The role of the Dollar Index
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Note that when the price of Bitcoin first exceeded $80,000 in November, the Dollar Index (DXY) was at nearly 105 points, and it would rise to over 110 points just before mid-January.
Since the price of BTC tends to be inversely correlated to DXY in the medium/long term, this rise has effectively prevented Bitcoin from easily surpassing 110,000$.
However, the Dollar Index starting from the day of Trump‘s inauguration at the White House (January 20) began to fall, first dropping below 108 points, then below 107 at the end of January, and then again to 106 points at the end of February.
This rather slow descent, which occurred in just over a month, was not able to make the price of Bitcoin take off.
However, starting from March 4, the decline of DXY experienced a strong acceleration, first dropping to 103 points, then to 101, and finally between April 10 and 21, even falling below 99 points, with a very brief peak even below 98.
A decline so strong and rapid, relatively anomalous for DXY, had positive consequences on the price of BTC, effectively unlocking it from the descending phase that began at the end of January.
