Bitcoin Eyes $100K Again—But It Needs to Break This First

​Bitcoin may be gearing up for another charge toward $100,000, but it has one big hurdle to clear first: $88,000.

The world’s largest cryptocurrency jumped 2.6% to $87,247 on Monday, clawing back ground as the U.S. dollar weakened and equities plunged, with the Dow losing nearly 1,000 points. Meanwhile, gold hit a record high, adding to the sense that traditional safe havens—and now Bitcoin—are back in demand.

Bitcoin is still about 20% below its all-time high of $109,225, set on Trump’s inauguration day in January. But with talk swirling around a potential early exit for Fed Chair Jerome Powell, and the dollar dipping 1% on the day, momentum may be swinging back in crypto’s favor.

“The narrative of Bitcoin as a safe haven or inflation hedge is once again gaining traction,” said analysts at QCP Capital, noting growing institutional interest.

Technicals are lining up, too. According to Tyler Richey of the Sevens Report, Bitcoin recently broke its 2025 downtrend line, and its relative strength index shows a bullish divergence. If BTC can punch through the $88,000–$88,800 resistance zone, he sees a path back to $100,000.

Fairlead Strategies’ Katie Stockton agrees. She pegs the next upside target at around $95,900, but cautions that failure to break the current resistance could stall the rally.

​Bottom line: If Bitcoin can decisively clear $88,000, the door reopens to six-figure territory. But until then, the bulls still have work to do.