Bitcoin (BTC) Eyes $100K as Key Bullish Signals Emerge

The primary cryptocurrency has climbed roughly 15% over the past week and briefly reached an eight-month high above $87,000. As of this writing, it trades just below $86,000, but overall bullish sentiment remains.

Popular analyst Ali Martinez set $100,000 as the next target, and here’s why it might come sooner than you think. The Positive Factors The renowned X user started his bullish observation by noting that BTC has risen more than 50% since bottoming below $58,000 in July.

He claimed that even after this evident resurgence, large investors seem reluctant to take profits. “Yesterday alone, the BTC network recorded more than 2,722 transactions, each worth over $1 million, showing that large entities remain active during the rally,” he said.

Martinez then turned to the ETF front, highlighting that spot Bitcoin exchange-traded funds have accumulated more than $1.6 billion worth of the cryptocurrency over the past 72 hours, adding significant buying pressure.