The post Bitcoin retakes $105,000, now only 3.5% from a new all-time high appeared on BitcoinEthereumNews.com.

Bitcoin broke through $105,000 on Monday as traders responded to growing uncertainty across markets, pulling it within just 3.5% of its previous all-time high of $109,114. The coin is currently trading at $103,592, holding firm above $100,000, a level it hasn’t touched since early May, according to data from CoinGecko.  The price has moved sideways for over a week, showing bulls aren’t backing off yet and are still waiting for the next leg up. Bitcoin has also surpassed the $2.1 trillion market cap. Since May 9, Bitcoin has been caught in a tight range, stuck between sellers capping its highs and buyers defending the lows. But the fact that it’s staying above $100K says a lot. Source: TrradingView Traders are clearly still holding positions, waiting for a push through the $105,787 resistance. If that level gets cleared, momentum could quickly drive it toward $120,000, a target that’s now being floated by analysts watching the charts. But if the bulls fumble and Bitcoin fails to break past its old record, short-term holders could start cashing out, leaving $100,000 wide open for a breakdown. A dip under $100,703 might trigger a deeper selloff, especially if market sentiment flips fast. Arthur Hayes sees Bitcoin as exit plan from US capital walls Arthur Hayes, the co-founder of Bitmex and now chief investment officer at Maelstrom, dropped his latest macro blog where he warned that the United States, under pressure from rising debt and heavy reliance on foreign funds, is likely to turn to capital controls as an alternative to tariffs. Arthur said this is going to be the next political move because it’s easier to explain to voters than more taxes or money printing. He outlined a 2% tax on foreign-owned US assets, which he estimated total $33 trillion, as a more enforceable policy…

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Filed under: News - @ May 18, 2025 5:17 pm