Why Bitcoin suddenly headed for $100K

Just a few days were enough to completely change the market landscape.
After an unexpected move by Donald Trump, who publicly called out Fed Chair Jerome Powell, Bitcoin reacted immediately and surged to $98,000.

This is not political noise. The market interpreted it in a very different way.

Why this move matters

The official reason is an investigation related to the renovation of the Federal Reserve headquarters. For markets, however, this is secondary.

Read more: Federal investigation into Jerome Powell: what is happening behind the scenes?

What really matters is the timing.

Powell is in the final months of his term as Fed Chair. Only three FOMC meetings remain before his departure in May. At such a moment, any form of public pressure does not influence decisions directly, but it does influence expectations.

And markets move precisely on expectations.

The pressure is not legal, but psychological

This is not about whether Powell will “give in”. He has already made it clear that he will not.

But that is not the goal.

The goal is to place the Fed under the spotlight at a time when the economy is already slowing and markets are expecting easier financial conditions. Signals like these rarely leave liquidity unaffected.

The midterm logic

U.S. midterm elections are always a sensitive period. Historically, the party in power almost always loses ground if markets are under pressure.

That is why stimulus tends to come before elections, not after.

In moments like these, markets begin to seek risk, and Bitcoin is often the first to react.

What history shows

In previous midterm years (2014, 2018, and 2022), Bitcoin followed a similar pattern:

- prolonged consolidation

- breakdown below key levels

- strong rebound months before the elections

Even when the bear market had not fully ended.

The technical picture now

Despite the pullback from the highs, the structure remains stable:

- 9 consecutive weekly higher lows

- the deepest drawdown stalled around $81K

- the weekly uptrend remains intact

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The next logical level is the 50-week moving average around $100,000 – $101,000. This is a zone the market has not properly tested yet, but it has already come dangerously close.

What this means for the market

In the short term, conditions appear supportive:

- increased focus on interest rates

- expectations are starting to shift

- liquidity remains the key factor

Historically, Bitcoin often bounces toward the 50W SMA, after which the market decides whether this is just a pause or something more.

The area around $100K is the moment of truth. A rejection there would signal a tactical rebound. Holding above it opens the door to significantly higher levels.

For now, this looks like a market impulse rather than a confirmed new cycle.

The market will provide the answer. We simply follow the price.