Bitcoin Price Target: $100K in Sight as It Battles $87K Resistance

Bitcoin Price Target: Can Bitcoin Break the $87K Resistance and Head to $100K?

Bitcoin Price Target – Bitcoin has recently found support at the key $80K level, triggering a bullish rebound. However, the 200-day moving average now acts as a significant resistance at $87K, suggesting that Bitcoin may undergo a consolidation phase within the $80K-$87K range in the short term. Let’s break down the technical and on-chain analysis for the latest market developments.

Bitcoin Technical Analysis: Daily Chart

Bitcoin’s recent bullish recovery began after finding solid support in the $75K–$80K range. This range has historically acted as both a psychological and technical floor, which helped the cryptocurrency regain upward momentum. Additionally, the RSI (Relative Strength Index) showed a bullish divergence, confirming a slowdown in bearish momentum and signaling renewed interest from buyers.

Despite the positive rebound, Bitcoin is now approaching a key resistance level — the 200-day moving average at $87K. This dynamic resistance could limit Bitcoin’s price in the short term. If the bulls manage to push past this resistance, the next significant target will likely be the psychological $100K level. For now, Bitcoin seems set to consolidate between $75K and $87K until a clear breakout occurs.

Bitcoin Technical Analysis: 4-Hour Chart

Looking at the 4-hour chart, Bitcoin has found strong support at the midline of the descending channel, triggering a sharp impulsive surge. This surge indicates that Bitcoin is potentially accumulating at these levels, further suggesting that the current range is an attractive buy zone for investors.

Bitcoin is now testing the upper boundary of the channel near $84K. A confirmed breakout above this trendline and a rise past the previous swing high would invalidate the current bearish market structure. This scenario would open up the path to the key $90K resistance level, which is considered a strong bullish target.

Conversely, failure to break above the $84K–$87K resistance zone would likely reinforce the current bearish structure. This failure could result in renewed downward pressure in the mid-term, with Bitcoin potentially revisiting support levels below $80K.

On-Chain Analysis: Realized Cap UTXO Age Bands

An important on-chain metric, Realized Cap UTXO Age Bands (%), has recently shown notable trends in Bitcoin’s market behavior. This metric segments Bitcoin’s realized capitalization by the age of unspent transaction outputs (UTXOs). Essentially, it provides insights into how long Bitcoin investors have held their assets and their willingness to hold despite market corrections.

Recent data reveals a steady increase in the share of Bitcoin held by the 3–6 months and 6–12 months cohorts. This trend suggests growing confidence among long-term holders, who continue to accumulate during the ongoing market correction. This pattern mirrors the accumulation phase witnessed during the extended correction in the summer of 2024, a period that eventually led to a significant price rebound.

This “hodling” behavior is important for two reasons. First, it indicates that investors are not selling despite the volatility, reflecting a belief in Bitcoin’s long-term growth. Second, as more coins are held by long-term investors, the available circulating supply decreases, increasing Bitcoin’s scarcity. Historically, when such supply constraints meet renewed demand, they can act as catalysts for strong price rallies.

Bitcoin’s Short-Term Outlook: Healthy Correction or Bearish Market?

The on-chain analysis suggests that the current price drawdown is not the beginning of a bear market, but rather a healthy correction within a broader bullish cycle. The behavior of long-term holders and the decreasing supply indicate that Bitcoin is well-positioned for a future rally.

If Bitcoin continues to hold above key support levels, particularly the $75K–$80K range, and breaks through the $87K resistance to target the $100K mark, we could see the cryptocurrency enter a new bullish phase.

However, it is important to keep an eye on broader market conditions and macroeconomic factors that could affect Bitcoin’s momentum. While Bitcoin’s technical and on-chain metrics point toward a potential rally, any significant downside risk or market shift could delay or invalidate the bullish thesis.

Conclusion

In conclusion, Bitcoin has shown resilience, finding solid support at the $75K–$80K range, and a bullish rebound is in play. The $87K resistance, reinforced by the 200-day moving average, remains a critical hurdle. Bitcoin is likely to consolidate within the $80K–$87K range in the short term, but a breakout above this resistance could push the price toward the $100K target. The on-chain analysis further supports a healthy market correction, as long-term holders continue to accumulate, reducing circulating supply and setting the stage for potential price rallies.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.