Bitcoin’s snapping back after getting hammered; it’s up over 16% from the $80,600 low and back above $92,000, and now everyone’s buzzing about a possible run to $100,000 again.
The big catalyst? Vanguard just confirmed it’ll allow crypto-exposed ETFs and mutual funds to be traded on its platform. That’s massive because Vanguard’s been pretty conservative about crypto until now. Bloomberg’s Eric Balchunas said BlackRock’s IBIT generated $1 billion in volume on its first day at Vanguard. He joked that even the most conservative investors “like to add a little hot sauce to their portfolio.”
The timing’s interesting too. Glassnode data shows Bitcoin “sharks,” wallets holding 100 to 1,000 BTC, increased their holdings to 3.65 million coins on Tuesday, up from 3.45 million last week. That’s a clear sentiment shift toward bullish after the brutal sell-off.
From a technical perspective, Bitcoin’s forming an ascending triangle pattern on the daily chart. The pattern’s showing higher lows pressing against resistance around $92,700 to $94,000. If it breaks out, the measured move points to $102,800, just above that psychological $100,000 level everyone’s watching. The RSI is recovering from deeply oversold territory too, which historically lines up with short-term reversals during bull markets.
Conclusion
Vanguard’s crypto inclusion combined with improving technicals and renewed whale accumulation suggests Bitcoin could challenge $100,000 soon, though breaking key resistance levels remains critical for confirming the rally’s sustainability.
Also Read: Best Crypto to Buy Now
