Bitcoin surged in early trading and briefly touched $93,415, posting an intraday gain of 2.18% and reaching its highest level in three weeks. The immediate focus is whether it can hold above $92,000, a level described in the source as the key psychological threshold. The next resistance is seen around $95,800.
$92,000 becomes the near-term test
The move came during a period when many Wall Street traders were still away for a long weekend. According to the source material, a clean break above $95,800 could open the way for Bitcoin to challenge $100,000 again. Other major cryptocurrencies also moved higher, with Ether testing $3,200 and BNB returning to the $900 range.
Macro uncertainty remains in the background
The rally unfolded even as broader risks stayed in place. The report said military action by the United States related to the situation in Venezuela created short-term volatility, while there is still uncertainty over whether the Federal Reserve will continue cutting rates. Finance Magnates, citing views from multiple institutions, said many forecasts place Bitcoin around $150,000 by the end of 2026. JPMorgan raised its peak target to $170,000, and Bernstein projected a possible top of $200,000.
A Bernstein analyst said institutional adoption is reshaping the traditional four-year halving cycle and that Bitcoin is being repriced as a hedge against fiat currency debasement. That view remains tied to how price action develops from here.
Asian equities open higher, TSMC sets another record
Major Asian stock markets also advanced at the open. Japan's Nikkei 225 started at 51,050.53, up 1.41%, while South Korea's KOSPI rose to 4,413.35 intraday, marking a fresh record. Taiwan stocks opened up 429.89 points at 29,779.70, then extended gains to 547 points, pushing the index to another all-time high and closer to the 30,000 level.
TSMC (2330) traded at NT$1,660, also setting a new high. Crypto and Asian equities moved up in tandem during the same session, reflecting stronger risk appetite in the market.