As bitcoin as soon as once more dipped underneath $100,000 Friday morning, down 20% from its October 6 all-time high, some analysts see the mild at the finish of the tunnel, thanks partly to the resumption of inflows into bitcoin ETFs. On Thursday, the funds attracted $240 million in flows, following six consecutive days of outflows, based on SoSoValue.
“Total, market stays in a fragile equilibrium, with weak demand, managed losses, and excessive warning. A sustained restoration requires renewed inflows and reclaiming the $112K–$113K area as help,” Glassnode analysts stated in a report.
Nic Puckrin, cofounder of Coin Bureau, advised Sherwood Information that whereas the inflows would possibly sign the finish of the promoting stress, the “weekend might be an actual nail-biter, although, with decrease liquidity probably setting the stage for much more volatility.”
“Finally, although, there might be no extra sellers left in the market, and bulls will take over. It might simply be a wild journey for some time,” he stated.
Timothy Misir, head of analysis at Blockhead Analysis Community, echoed the sentiment, saying the market is getting into the weekend “with steadiness restored in a fragile, however bettering outlook.”
“Bitcoin’s protection of the $100,000 stage, the return of ETF inflows, and renewed whale accumulation all level to a short-term stabilization section somewhat than a continuation of panic promoting,” Misir stated.
He added, nevertheless, that failure to carry $100,000 may expose bitcoin to a deeper retracement towards the $93,000 to $95,000 vary. As well as, inflows reversing “would recommend renewed institutional hesitation and break restoration momentum,” and an prolonged shutdown may reintroduce funding stress and liquidity tightening, he stated.
In the meantime, JPMorgan analysts stay assured about the asset, anticipating “vital upside for bitcoin over the subsequent 6-12 months” and a value “near $170K” as “the rise in gold volatility over the previous month has made bitcoin extra enticing to buyers.”
“The hole between the bitcoin value and our volatility-adjusted comparability to gold shifted from extremely constructive territory at the finish of 2024 to adverse territory at present, with the bitcoin value at present being $68K too low in comparison with gold, having been $36K too excessive at the finish of 2024,” the analysts wrote.
Gracy Chen, CEO of Bitget, additionally stays bullish about bitcoin, saying the $100,000 stage will maintain regardless of the 365-day transferring common falling under $102,000, a “stage that anchored this bull cycle.”
“Bitcoin bounced from $100K a number of occasions in Could and June 2025, and, notably, on June 22, it reversed sharply and surged to nearly $123,500 inside three weeks. That very same sample of resilience might now repeat,” she stated.
