- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Bitcoin looks ‘ridiculous’ as bulls attempt $2T market cap flip — Analyst
By: bitcoin ethereum news|2025/05/16 04:15:05
0
Share
Key points: Bitcoin has a fight for a $100,000 price and a $2 trillion market cap on its hands this month. Dips below six figures are “easily possible,” analyst filbfilb says, but the odds are stacked in bulls’ favor. ETH/BTC needs to hit the 0.03 inflection point as part of an altcoin comeback. Bitcoin (BTC) is poised for expansion with BTC price action rarely more “bullish-looking,” an analyst says. In his latest commentary on X, market analyst filbfilb revealed a key support battle now underway on BTC/USD. Filbfilb on $100,000 battle: “This time is no different” Bitcoin has begun to consolidate after making rapid gains this month, with the area just north of $100,000 seeing “choppy” BTC price moves. For filbfilb, however, current market behavior is about more than reclaiming six figures. Bitcoin’s market cap is now fighting to flip the $2 trillion mark from resistance back into firm support after losing it at the start of February, data from Cointelegraph Markets Pro and TradingView confirms. “Bitcoin is currently at 2 tril resistance btw, its not just 100k,” he told X followers. The tug-of-war comes as Bitcoin’s dominance of the overall crypto market cap begins to fade, leading some to anticipate the reemergence of altcoins. Giving his thoughts on the largest altcoin, Ether (ETH), versus BTC, filbfilb said that the “trend changes” once ETH/BTC reclaims 0.03, a level also last seen in early February. Zooming out, the implications of Bitcoin definitively leaving $100,000 behind are plain. “$1 or $100 is normally a sticking point for most assets due to humans. Do an exercise and look at other assets; they all do similar stuff,” filbfilb continued, referring to the psychological significance of round-number price points. “Burn the round number after ages of resistance to liquidate shorts, come back to the 80s, then find expansion later. I believe this is no different.” BTC/USD found multimonth lows at around $75,000 in April. As Cointelegraph reported, the event was well supported by onchain reversal signals, with the Hash Ribbons indicators delivering a rare “buy” signal shortly beforehand. Outlook “honestly ridiculous” Bitcoin continues to field bullish price prognoses from longtime traders and analysts, who agree that the current slowdown is a stepping stone to a rematch with all-time highs near $110,000. Related: BTC bulls get ‘biggest signal’ — 5 things to know in Bitcoin this week Targets include $120,000 in the short term, with June in line for $150,000 or more. “As for Bitcoin... Honestly.. Ridiculous, the more you zoom out, the more insane it looks,” filbfilb added on the outlook. “Short-term pullbacks below 100k are easily possible, however, I haven’t seen such a bullish-looking thing in a long time.” This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Source: https://cointelegraph.com/news/bitcoin-looks-ridiculous-bulls-attempt-2t-market-cap-flip?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
You may also like
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."
$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.
Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?
Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years
Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.
Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?
Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
App