""Bitcoin at a Crossroads: Does the rise continue or is it preparing for a new turn?""

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Bitcoin has once again risen above $100,000 and currently looks quite confident after the April pullback. The main support zone now is $98,000–$100,000. If the price continues to hold above, this could be a good entry point. However, if we see a deeper pullback, I will be looking at $95,000 — it is from there that upward reversals have occurred more than once.

Against this background, it is logical to ask the question: what next? Can we expect to update the historical maximum in the near future?
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If we look at the current market behavior, interest from investors remains strong, coming not only from retail players but also from funds and institutional investors. Trading volumes remain high, and the overall sentiment is moderately optimistic. An important role in this is played by the fact that Bitcoin is starting to be perceived not just as a speculative asset but as a kind of "digital gold," especially in the context of uncertainty in the global economy.
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However, the key question is whether this momentum will be enough to break the old maximum and go higher? Technically, this requires not only to hold the current levels but also to break the resistance zone around $107,000–$110,000. If this happens with the support of volumes, there is a chance for movement towards $120,000 and above.
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But it is not worth relaxing either. On May 13, data on inflation in the US will be released — and such reports often provoke strong market fluctuations. A rise in inflation may trigger discussions about potential tightening of monetary policy, which traditionally puts pressure on all risky assets, including crypto. On the other hand, if the data turns out to be moderate, it may support the current upward trend.
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In May, there will also be major crypto conferences — important announcements are often made there and signals about future partnerships and technological changes appear, which can also affect the price. History shows that against the backdrop of such events, Bitcoin has repeatedly demonstrated strong upward impulses.
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Will BTC be able to update its maximum? This scenario is quite realistic — provided that support around $98,000 is maintained, and the news background does not give rise to panic. But everything will depend on the combination of several factors: reactions to macro data, the stability of buying interest, and the behavior of large players.
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That's why I am currently watching the zone $98,000–$100,000 as key. A breakout below it will open the way to $95,000, and in case of a strong correction — even lower. However, if the market maintains a bullish sentiment and goes above $107,000 with confirmation, then we can indeed talk about preparing for a new historical maximum.

#Will BTC Hit a New High?  #BTC