Bitcoin (BTC) Eyes $100,000 as Price Finds Support Above Crucial Level

Michaël van de Poppe, a widely followed market commentator, lit up social feeds this weekend with a bullish take on Bitcoin’s latest price action. “Bitcoin looks really good for upside. It’s currently holding above a crucial resistance zone for support, which means that we’re finding buyers here. If this continues to hold, I would assume that we’re seeing a new run in the coming week towards $100K. Expecting a very interesting week ahead of us,” he wrote, a concise summary of what many traders are watching closely.

His reading of the charts mirrors current market behaviour: Bitcoin has been consolidating just above the mid-$90,000s, a level that now appears to be acting as short-term support. On the spot markets, Bitcoin is trading around $95,000, after a sharp start to January that pushed prices close to $98,000 before profit-taking cooled the advance.

That tug-of-war between buyers and sellers has left BTC in a familiar and tense holding pattern: bulls want to turn the recent highs into a springboard toward the psychologically important $100,000 mark, while skeptics warn that any failure at resistance could invite a deeper retracement.

What has shifted this month is the tone of demand. Net inflows into U.S. spot Bitcoin ETFs have accelerated, and analysts point to fresh institutional buying as a key reason BTC has been able to sustain higher levels despite headline noise.

ETF flows this week were among the strongest seen since the autumn, and that steady capital has underpinned the view that dips will continue to attract buyers, the exact dynamic Van de Poppe is betting on. Still, market watchers caution that these flows will need to persist if Bitcoin is to clear and hold above $100,000 sustainably.

Is $100K Next for Bitcoin?

Technically, the chart looks familiar to momentum traders. The coin has reclaimed a critical short-term band that previously acted as resistance and now appears to be offering support, while the next meaningful congestion zone sits just below the $100,500 mark. If buyers can hold the current support band and push through the near-term cap, momentum could accelerate quickly.

Conversely, a breakdown below the $94,000–$95,000 area would likely cool the rally and send traders scurrying for the next clear support. For everyday observers, the lesson is straightforward: the market is finely balanced. Institutional demand has made the upside story plausible, and commentators such as Van de Poppe are optimistic. However, the path to $100K is not guaranteed.

What happens over the coming days, as traders digest ETF flows and legislative and macro headlines, will tell whether this consolidation becomes the setup for a fresh leg up or simply a pause before more volatility. Either way, the week ahead promises to be an instructive one for anyone tracking Bitcoin’s bid for four-figure territory.