Will Bitcoin Price Hit $100K? Trump Backs BlackRock CEO Larry Fink’s Bold Prediction

Market fluctuations show significant volatility because they frequently respond to outside elements, including economic circumstances and influential public individuals. Bitcoin price speculation intensified when U.S. President Donald Trump appeared to endorse a $100K projection by BlackRock CEO Larry Fink. 

Trump’s Comments Fuel Speculation on Bitcoin Price $100K Prediction

During his appearance at the Economic Club of New York on Monday, Billionaire BlackRock CEO Larry Fink advised that proposed tariffs could spark a 20% downturn in worldwide market values. The outlook of potential market dips served as a chance for Fink to label it an advantageous time for strategic investors to acquire assets. In his assessment, Fink sees current market conditions as favourable for purchase opportunities, even though further declines could still occur. The analytical framework proved correct after Trump reversed his position on Wednesday regarding his previous policy decision. 

In a public statement, Donald Trump supported BlackRock CEO Larry Fink’s Bitcoin valuation prediction. Fink’s past prediction of a Bitcoin $100k value gained additional credibility when Trump tweeted his support throughout the financial industry. Trump’s announcement about Bitcoin’s increasing popularity led investors to rethink Bitcoin’s ability to surpass existing price levels, potentially to $100K.

Recent Bitcoin Price Trends: A Potential Breakout?

Market participants are adopting a watchful stance because the US and Chinese Bureau of Labor Statistics plan to publish upcoming inflation reports on April 10. The BTC price continues to hover beneath $83,600 because of the buying frenzy caused by Trump’s trade policy announcement. 

BTC price faces heightened volatility during the upcoming 18-hour period as macroeconomic indicators from the world’s leading economies remain in the market’s focus. Strategic long-term market investors tend to hold back from entering large positions, which creates an opportunity for swing traders and market makers who take advantage of the market’s mixed signals. 

The release of positive economic indicators and dovish interpretations from the United States and China would likely trigger many traders to embrace Blackrock CEO Larry Fink’s prediction of a purchasing opportunity. The technical signal analysis indicates achieving a Bitcoin price of $100,000 will be extremely challenging after this bullish projection is completed. 

Image 1- Bitcoin Price Chart, provided by Emmaculate, published on TradingView on April 10, 2025

From the daily Bitcoin price chart above, the bulls show strength as they aim to break above the descending parallel channel. Currently, the BTC price faces key resistance levels at $85,497 and a major barrier at $87,072. Trump’s sweeping tariff announcement on April 2 marked the peak recorded when prices reached their highest level.

After an asset starts its rebound phase, traders who acquired it during the last bearish cycle often sell their holdings at the point of breaking out. The recovery of Bitcoin prices shows they will meet crucial obstacles near $87K-$88,100, which points to long-term delays in reaching $100,000.

Will Bitcoin Price Reach $100K?

The pursuit of Bitcoin to achieve a $100K price is plausible as institutional investors continue to enter the market and influential leaders like Larry Fink and Donald Trump promote it. At the same time, its use as a store of wealth keeps gaining traction. Trading Bitcoin requires awareness of its volatile price behaviour because investors encounter notable risks from this market volatility.

Meanwhile, the market shows a mildly optimistic outlook, but traders must plan for potential events that could undermine predictions of reaching $100K. Market participants will switch to risk-aversion strategies when unexpected rising inflation data (CPI report) leads trading chairs to forecast enhanced monetary policy tightening. A sudden price correction would appear if Bitcoin experienced such a market condition.

Image 2- U.S. CPI Chart, published by U.S. Bureau of Labour Statistics on April 10, 2025

The Bitcoin price will chase the support levels at 78,306 in such a case. A deeper correction will see the bears regain dominance, dwindling the price towards $76,342, 74,377, and 73,255, respectively. 

In other words, the Bitcoin price may drop, facing major downside potential with increased volatility when it breaks below $80,000. This likely leads to further bearish momentum and potential long-term price readjustment. The $88,800 resistance level is an essential barrier for Bitcoin bulls to overcome before reaching its next milestone of $100,000, supporting Larry Fink’s thesis. If Bitcoin fails to sustain a position above the $80,000 threshold, it will face a substantial pullback to $73,255.