Regret selling now? Bitcoin's '$100,000 scenario' in motion

▲ Bitcoin (BTC) ©Dasol Ko

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

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

The key background for this surge is cited as institutional capital inflow. 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 being discussed for potential passage this month, is seen as a variable that could reduce regulatory uncertainty and promote market adoption. It is observed that if regulatory clarity is secured, additional capital inflows are likely to follow.

In terms of price structure, breaking through the strong resistance zone of $78,000-$79,000 is significant. The recovery of $80,000 has reopened the possibility of re-breaking $100,000, and if ETF capital inflows continue, it could be reached within this month. However, the current price is still about 36.4% lower than the past 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 prices intensifies, selling pressure could increase, and the re-escalation of tensions between the U.S. and Iran is also cited as a factor that could expand market volatility. The analysis suggests that whether the upward trend continues depends on external variables and the sustainability of capital inflows.

*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.*