Bitcoin price is back in the spotlight after the latest surge to $87,000 as market sentiment flipped in favour of the bulls. The bullish push is backed by strong institutional demand, along with the technicals and on-chain data turning bullish. With the ETF accumulation strengthening, on-chain momentum improving, and the BTC price testing key resistance levels, the question arises whether Bitcoin can keep up the bullish momentum and reclaim $100K.
Bitcoin ETF Accumulation Picks Up as Institutional Demand Picks Up
Bitcoin’s latest rally is supported by a sharp rebound in spot ETF demand. US spot Bitcoin ETFs recorded nearly $998.95 million on September 21, which is the strongest single-day inflow since October 2025. The buying also extended into a three-session break, taking cumulative inflows to nearly $1.6 billion.
BlackRock’s IBIT led Monday’s inflows with about $381.4 million, while ARKB and Fidelity’s FBTC also attracted substantial capital. This suggests renewed institutional demand is arriving as BTC pushes through key resistance, potentially providing the liquidity needed for Bitcoin to sustain its recovery toward $100,000.
On-Chain Momentum Turns Bullish
Bitcoin’s on-chain data is starting to paint a more constructive picture, with Glassnode’s latest MVRV moving above its 365-day average. This has marked a shift in momentum that has previously appeared during Bitcoin’s recovery phases. The chart also highlights similar turning points in 2019 and 2023, when Bitcoin eventually entered a stronger upward trend.
The move matters because Bitcoin’s MVRV Ratio is still well below the extreme levels seen at previous market tops. That means the latest signal is less about an overheated market and more about improving investors’ profitability and momentum. If this trend continues, the improving MVRV structure could strengthen the broader setup for the BTC price heading to $100K.
Bitcoin Breakout Puts $100K Back in Focus
Bitcoin’s price structure is providing another important signal; it has pushed above the key resistance zone near $83,500 and is now trading around $86,000. A sustained move above the range could put $100,000 back in focus, provided the token breaks the immediate resistance around $91,000, while transforming $85,950 into a strong base.
Momentum is already strong, as RSI is nearing 70, suggesting BTC is entering an overheated short-term zone. That makes the breakout-and-retest particularly important. If the BTC price holds above $93,350 while ETF inflows and positive on-chain momentum continue, the current recovery could have room to extend toward $100K.
Can Bitcoin Price Break Above $100K in Q4 2026?
Bitcoin’s improving ETF demand and on-chain momentum have strengthened the case for a larger recovery in Q4 2026. The key now is whether this momentum can translate into sustained buying pressure rather than another short-lived rally.
If ETF accumulation continues and Bitcoin maintains its broader recovery structure, $100K could become the next major milestone, with a sustained move beyond it bringing the previous all-time high back into focus. For now, the combination of institutional demand, improving on-chain signals and stronger market momentum keeps the $100K level firmly on Bitcoin’s radar.
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