Up 28% in August and ~38% from the June low. The momentum is real.
The case for $100K: 🟢
📈 Technical targets lining up: BTC reclaimed $74K (0.236 Fib). Next levels: $84K → $92K → $100.3K (0.618 Fib).
📈 Institutional flows accelerating: $1.92B into ETFs last week (5-day streak), strongest since October 2025.
📈 RSI fractal matches 2022 bottom: historical patterns suggest a macro low is in place.
📈 Macro tailwinds: Treasury boosted buybacks, weakening USD and reviving the "debasement trade."
What analysts say:
Standard Chartered: $100K target reaffirmed
21Shares: $100K base case
Polymarket: 26% probability of $100K
Key levels:
🔹 Resistance: $80,000-$82,000 - break above = path to $92K-$100K
🔹 Support: $76,000-$78,000 - losing this = consolidation zone
Risks: ⚠️
Strategy holds ~4% of all BTC - any move could impact supply
$635M in shorts liquidated - forced buying can reverse
Geopolitical risks remain
The bottom line: Momentum is strong. $82K is the line in the sand.
