Bitcoin Eyes $100K After Shallow Pullback as Institutional Demand Returns
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Bitcoin rebounded above $77,000 as institutional and ETF demand drew $1.6B into Bitcoin products last week, limiting a shallow pullback and signaling stronger crypto adoption. Traders now watch the 78-81K resistance zone to confirm a run toward $100,000 by year-end, a bullish scenario cited by Standard Chartered if selling pressure stays muted.
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- Bitcoin avoided deep capitulation as institutional demand helped limit the recent downturn.
- BTC must clear the 78-81K resistance zone to strengthen the path toward $100K.
- Bitcoin products drew $1.6B weekly as ETF demand supported the market rebound.
Bitcoin’s rebound above $77,000 has shifted attention from the recent downturn to what comes next. Standard Chartered says Bitcoin could reach $100,000 by year-end, but the more immediate question for traders is whether the market has already exhausted much of its selling pressure.
Unlike previous Bitcoin declines marked by deep capitulation, the latest pullback remained shallow as institutional demand, corporate balance-sheet strength and limited systemic stress helped contain losses.
Bitcoin’s Shallow Drawdown Changes the Setup
The current downturn has lacked the aggressive capitulation associated with dee…
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In This News
Coins
$ 77.28K
-0.15%Predictions Markets
See what traders are focused on
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