Bitcoin Just Blasted Through $100K – Why $108K & $115K Are Next!

Summary
Bitcoin has staged a clear turnaround after holding support near $76K in April and reclaiming critical dynamic resistances at $89.3K and $96.7K. On May 8, BTC printed a powerful rally candle that peaked at $102.7K, signaling a potential shift from range-bound chop back into an up-trend. This piece unpacks the price structure, macro drivers, and key levels, and lays out the scenarios for the next leg higher or a corrective pullback.

Macro & Sentiment Backdrop
Macro liquidity ebb & flow: Recent dovish commentary from the Fed reduced forward rate-hike risk, restoring confidence in risk assets.

Regulatory clarity: transparent guidelines in major markets continue to draw fresh institutional capital.
Network health: On-chain metrics such as rising active addresses and declining exchange inflows reinforce supply scarcity narratives.

Chart Structure & Technical Evolution

Declining volatility and volume contraction characterized the consolidation phase.

Dynamic Resistance Breaks
R1 (~$89.3K) & R2 (~$96.7K) (grey/green labels) had capped rallies in mid-April and late-April.
The decisive May 8 candle surged through both, converting them into short-term support pivots.

Current Momentum
A long green daily bar with above-average volume implies genuine buying demand (not a thin-market spike).

Price now trades above $100K, a major psychological and technical threshold.

Key Levels & Zones
Level Type Significance
$108K Static Supply Prior swing high; first major profit‐taking zone
$102.7K Recent Peak Near‐term resistance; tag of psychological $100K
$96.7K Dynamic R2 → Support Ideal retest area for dip buyers
$89.3K Dynamic R1 → Support Secondary support if $96.7K fails
$76K–$78K April Range Support Invalidation zone for bullish thesis

Bullish vs. Bearish Scenarios
Bullish Path

Retest & Hold: A pullback into $96.7K–$100K on lighter volume that finds support would validate the breakout.

Accelerate Toward $108K: A sustained move above $102.7K with daily closes above $104K clears the way to challenge the $108K supply zone and beyond.

Bearish Risk

Rejection at $102.7K: Failure to close convincingly above peak time resistance could trigger profit-taking and a swift drop to $96.7K.

Breakdown Below $89.3K: A daily close back under the first support zone would re-trap bullish participants, risking a deeper pullback into the April range near $76K–$78K.


Is $108K or $115K Next? No one knows
Follow the momentum and Trend