Regret Selling Now? Bitcoin's '$100,000 Scenario' Activated

▲ Bitcoin (BTC) ©Godasol

Bitcoin has once again surpassed $80,000, raising expectations for a re-challenge of $100,000, but analysis suggests that the sustainability of the rally depends on ETF funds and macroeconomic variables.

According to the cryptocurrency specialized media Watcher.Guru on May 4 (local time), Bitcoin (BTC) recovered the $80,000 level for the first time since January 2026. Based on CoinGecko, it has maintained a gradual rebound, rising 2.7% in 24 hours, 1.4% in 7 days, 7.8% in 14 days, and 20% in one month.

The key background for this rally is the inflow of institutional funds. BlackRock's spot Bitcoin ETF IBIT reportedly purchased $284.4 million worth of Bitcoin in a single day on May 2. Additionally, the asset size of European ETPs surpassed $1.1 billion, holding approximately 4,200 BTC, indicating that expanded institutional demand has boosted investor sentiment.

Policy expectations are also acting as a driving force for the rise. The U.S. cryptocurrency market structure bill, the Clarity Act, which is discussed as likely to pass this month, is considered a variable that could reduce regulatory uncertainty and promote market adoption. It is observed that if regulatory clarity is secured, additional capital inflows could follow.

In terms of price structure, breaking through the strong resistance in the $78,000-$79,000 range is significant. The recovery to $80,000 has reopened the possibility of re-breaking $100,000, and if ETF fund inflows continue, there is a possibility of reaching it within this month. However, the current price is about 36.4% lower than the previous all-time high of $126,080, indicating that there is still a way to go for a full recovery.

Short-term risks also exist. If profit-taking by investors who bought at low points intensifies, upward pressure could increase, and the re-escalation of tensions between the U.S. and Iran is also cited as a factor that could amplify market volatility. Analysis suggests that whether the upward trend continues depends on external variables and the sustained inflow of funds.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*