Bitcoin Price Prediction: BTC Rally Targets $105K After $97K Surge
Bitcoin's price surge to $97,000 boosts optimism. Analysts forecast a rise to $105,000, driven by ETF filings, institutional inflows, and bu
Quick overview
Bitcoin (BTC) up 3.4% this week, briefly hits $97,000 for the first time in 2 months. Regulatory tailwinds and institutional accumulation continue to drive the bull run. With ETF filings, corporate treasury expansion and technicals in place, analysts see $105,000 in the next few weeks.
ETF Filings Fuel Optimism
A big driver of Bitcoin’s rise is renewed optimism in the ETF space. 21Shares filed for a spot SUI ETF on Thursday, just days after the SEC delayed several altcoin ETFs. While the delays spooked markets initially, the SUI filing reassured investors that these are procedural and not rejection signals.
As the ETF environment stabilizes, institutional investors—who use these vehicles for compliant exposure—are positioning more aggressively. Regulatory clarity, even incremental, is a tailwind for BTC and optimism around broader crypto ETF approvals is supporting demand.
Michael Saylor’s $21 Billion Bet Confirms Institutional Confidence
Adding to the bullish sentiment is Michael Saylor’s Strategy company which announced a $21 billion at-the-market (ATM) equity offering to increase its Bitcoin holdings. This comes after a $4.2 billion unrealized Q1 loss—but also a $12.7 billion accounting gain from switching to fair value accounting, showing the strategic shift in corporate Bitcoin valuation.
Strategy now holds over 553,000 BTC and is targeting a 15% to 25% yield, indicating unwavering confidence in Bitcoin. With over 70 public companies now holding Bitcoin on their balance sheets, institutional acceptance is deepening.
Technical Analysis: BTC Pauses Below Resistance
The BTC/USD is trading at $96,583, after the breakout from consolidation. The pair is testing resistance at $97,475 and the pivot at $95,900 is near term support. If bulls hold this level, the next targets are $98,424 and $99,421. A break above those could set up a run to $105,000.
Support is firm at $94,786 and deeper structure above the 50 EMA at $94,137. The 200 EMA at $89,044 is strong long term. MACD is fading slightly but still positive, so consolidation rather than reversal.Conclusion: BTC is pausing after a big move, as long as $95,900 holds.
Price Target: $105,000 Still in Play
With institutional flows and regulatory sentiment improving, the bias is to the upside. The $97,475 level is the immediate test. A break above that could be the start of $98,424, $99,421 and then $105,000 where many expect the next big correction.
Below $95,900 could see a short term correction to $94,786 but that would be a buying opportunity given the bigger trend and macro drivers.
Points to Note:
- BTC hits $97,000 on ETF optimism and institutional buying
- 21Shares SUI ETF filing brings back regulatory hope
- Saylor’s $21B offering shows corporate confidence in Bitcoin
- Next targets: $98,424 → $99,421 → $105,000
- Support levels: $95,900 and $94,786
The next move depends on if bulls can hold above $97,475. With institutional support and technicals in place, the stage is set for a move to six figures.
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