While most Wall Street traders were enjoying a long weekend, Bitcoin (BTC) saw a rapid surge this morning (5). At the time of writing, BTC reached a high of $93,415, a 2.18% increase for the day, marking its highest price in three weeks.
Whether it can hold above $92,000 in the short term is the primary psychological barrier, with the next resistance target around $95,800. If it can break through this level successfully, Bitcoin may once again challenge the $100,000 mark.
The top ten cryptocurrencies also generally rose, with Ethereum jumping to $3,200 and BNB falling back to the 90s.
Macroscopic noise has not dissipated
However, geopolitical and policy factors remain highly uncertain. The US military action in Venezuela could cause short-term fluctuations, and there is considerable uncertainty as to whether the Federal Reserve will continue to lower interest rates.
Finance Magnates, compiling opinions from multiple institutions, points out that most forecast a target price of around $150,000 by the end of 2026; JPMorgan Chase further revised its high to $170,000. A Bernstein report even predicts a peak of $200,000. Bernstein analysts noted:
Institutionalization is rewriting the traditional four-year halving cycle, and Bitcoin is being repriced as a safe-haven asset against fiat currency devaluation.
Asian stocks opened higher.
On the other hand, major Asian stock markets continued their upward trend from the end of last year, kicking off the new year with impressive gains. The Nikkei 225 index opened at 51,050.53 points, up 1.41%; the South Korean KOSPI index surged to 4,413.35 points during the session, setting a new record.
Taiwan stocks opened sharply higher by 429.89 points at 29,779.70, and the gains then widened to 547 points, driving the index to a new all-time high, aiming for 30,000 points. TSMC (2330) also hit a new record high at NT$1,660.
