Bitcoin Hits $100,000 Mark for 100 Days Straight, Setting New Record

# Bitcoin (BTC) Maintains $100,000 Milestone for 30 Days, Setting a New Record **Bitcoin (BTC)** has achieved an unprecedented milestone by remaining above the $100,000 threshold for 30 consecutive days, as reported by Cryptopolitan on May 10. This rally began on May 8, when Bitcoin last dipped below the six-figure mark, and it has not closed under $100,000 since. After reaching an all-time high of $112,000 on May 22, Bitcoin's price briefly dipped to $100,428, only to rebound strongly over the weekend, climbing back above $105,000. On Monday, optimism surrounding U.S.-China trade talks propelled the cryptocurrency back to $110,000. This 30-day streak is widely considered a significant milestone among cryptocurrency investors. While some see it as a psychological benchmark, others view it as a technical achievement. Analysts are closely observing to see if Bitcoin can maintain its position above $100,000 in the coming weeks. # $100,000 Support: A Critical Technical Benchmark Reed Harvey, a technical analyst at Wolfe Research, emphasized that Bitcoin surpassing $100,000 was not driven solely by market sentiment. “The brief dip to exactly $100,000 last Thursday, followed by its rapid recovery, is noteworthy. This level coincided precisely with the 50-day moving average,” Harvey noted. Harvey sees this phase as potentially laying the groundwork for retesting the previous $112,000 peak. He also suggested that Bitcoin might consolidate within a price range before making another upward move. Beyond short-term metrics, some analysts are focusing on broader market dynamics. Ben Kurland, CEO of cryptocurrency analysis platform DYOR, remarked, “$100,000 is no longer merely an emotional price point. It has become a solid support level reinforced by institutional inflows, ETF-driven capital, and a more mature investor base.” Kurland expressed optimism about Bitcoin’s ongoing correction, adding, “If $100,000 is the new foundation, $120,000–$130,000 could logically be the next target.” # Long-Term Holders Exit as ETFs Drive Demand While institutions and funds continue accumulating Bitcoin, some long-term holders have begun realizing profits. Tyrone Ross, founder of financial advisory firm 401 Financial, commented, “The fact that Bitcoin has stayed above $100,000 for 30 days isn’t necessarily a monumental technical achievement, but it’s an important data point nonetheless.” Ross added, “On-chain data indicates long-term holders are selling. Although ETF activity and corporate demand remain robust, retail investors have yet to make a significant comeback. However, sustained price levels may reignite interest among individual investors.” On May 27, when Bitcoin was trading at approximately $109,000, daily sales by long-term holders who had maintained positions for over six months surged to 40,000 BTC. This figure subsequently dropped sharply to 6,000 BTC as of Monday. Total 30-day demand also declined from 228,000 BTC to 126,000 BTC. Julio Moreno, head of research at CryptoQuant, cautioned that this reduced demand could temporarily slow Bitcoin's ascent. Nonetheless, Bitcoin remains firmly in an uptrend. As of Tuesday, Bitcoin is trading at $108,800, about 3% below its all-time high. Earlier in the day, the cryptocurrency reached $110,500, marking its highest point since May 22. The trajectory of Bitcoin's price will likely hinge on whether $100,000 establishes itself as a new baseline of support rather than merely a passing milestone.