The recent surge in Bitcoin price to $87,000 has put the cryptocurrency back in the spotlight, with market sentiment favoring the bulls. This bullish momentum is supported by strong institutional demand, positive technical indicators, and encouraging on-chain data. As Bitcoin tests key resistance levels and ETF accumulation strengthens, the question arises: can Bitcoin maintain its bullish momentum and reach $100K?
Bitcoin ETF Accumulation Picks Up as Institutional Demand Rises
The latest rally in Bitcoin is fueled by a significant increase in spot ETF demand. On September 21, US spot Bitcoin ETFs saw inflows of nearly $998.95 million, the highest single-day inflow since October 2025. This buying spree continued for three sessions, leading to cumulative inflows of almost $1.6 billion.
The inflows on Monday were led by BlackRock’s IBIT with $381.4 million, while ARKB and Fidelity’s FBTC also attracted substantial capital. This influx of institutional demand coincides with Bitcoin breaking through key resistance levels, potentially providing the liquidity needed for Bitcoin to continue its upward journey towards $100,000.
On-Chain Momentum Turns Bullish
Bitcoin’s on-chain data is showing positive signs, with Glassnode’s latest MVRV surpassing its 365-day average. This shift in momentum has historically been associated with Bitcoin’s recovery phases, as seen in similar turning points in 2019 and 2023. The improving MVRV structure indicates a strengthening setup for Bitcoin’s price target of $100K.
This shift is significant because Bitcoin’s MVRV Ratio is currently below previous market top levels, indicating a more sustainable uptrend rather than market overheating. If this trend continues, it could further support Bitcoin’s journey towards $100K.
Bitcoin Breakout Puts $100K Back in Focus
Bitcoin’s price action has broken above the crucial resistance zone near $83,500 and is now trading around $86,000. A sustained move beyond this range could refocus the market on $100,000, especially if Bitcoin surpasses the immediate resistance at $91,000 and establishes strong support at $85,950.
The current momentum is strong, with RSI approaching 70, indicating a temporarily overbought market. The breakout and subsequent retest will be crucial in determining Bitcoin’s next move. If Bitcoin can hold above $93,350, supported by ETF inflows and positive on-chain indicators, the path to $100K could be within reach.
Can Bitcoin Price Break Above $100K in Q4 2026?
The increasing ETF demand and positive on-chain momentum for Bitcoin suggest a potential larger recovery in the fourth quarter of 2026. The key challenge now is to sustain this momentum and avoid a short-lived rally.
If ETF accumulation continues and Bitcoin maintains its recovery trajectory, reaching $100K could be the next milestone, with a move beyond that level reigniting interest in the previous all-time high. With institutional demand, improving on-chain signals, and a stronger market outlook, $100K remains a target for Bitcoin.
