Bitcoin’s surge to $99K, nearing $100K, is primarily macro-driven, fueled by expectations of Fed rate cuts and Trump’s vocal push for lower interest rates, which bolsters risk assets.

However, the Fed’s focus on unemployment and inflation creates uncertainty around actual rate cuts, with Trump’s influence adding political but not definitive weight.

Strong institutional inflows, ETF demand, and whale accumulation provide solid support for a sustained move higher.

However, volatility may arise from tariff concerns or profit-taking at the $100K resistance level.

A clear break above this psychological barrier could hinge on consistent economic signals favoring policy easing.

Ryan Lee, Chief Analyst at Bitget Research

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