Bitcoin Price Prediction: $96,600 Support Puts $100K Target Back in Focus
Bitcoin's holding the line at $96,600—and suddenly, that six-figure dream doesn't look so distant.
The $100K Psychological Barrier
For months, analysts treated the $100,000 mark like a mirage—visible but perpetually out of reach. Now, with Bitcoin consolidating firmly above $96,600, the narrative's shifting from 'if' to 'when.' The key support level held through recent volatility, acting as a springboard rather than a floor. It's the kind of technical strength that turns skeptics into believers overnight.
Momentum Versus Macro
Market structure suggests the path of least resistance is up. Each test of the $96,600 zone has been met with aggressive buying—a classic sign of institutional accumulation. The on-chain data whispers about supply tightening, while derivatives markets show leveraged longs are being added cautiously, not recklessly. This isn't the feverish pump of a meme stock; it's the steady grind of an asset finding its new equilibrium. Of course, traditional finance pundits are still waiting for that 'real-world use case'—as if being the best-performing asset of the decade isn't use enough.
What Breaks First: Resistance or Patience?
The chart paints a clear picture: break and hold above the last major high, and the road to $100,000 opens up. Fail, and we're back to range-bound frustration. But with the $96,600 level now confirmed as support, the bulls have the ball. They just need one clean drive down the field. Watch for volume to confirm the move—thin rallies get sold, but a surge on the breakout could trigger a classic FOMO cascade. Get ready. The next few candles write the story.
Crypto’s 2026 Comeback Depends on Key Shifts, Wintermute Says
According to cryptocurrency market creator Wintermute, significant adjustments in market structure following a poor 2025 will be necessary for a significant comeback in 2026. The typical four-year cycle for Bitcoin only saw a slight increase, and gains did not transfer to other cryptocurrencies, indicating that the cycle may be becoming less significant.
Wintermute claims that last year’s liquidity remained concentrated in Bitcoin and Ether due to institutional inflows and spot ETFs. As a result, the market’s breadth was diminished and altcoin rallies were curtailed since investors stopped rotating throughout the market and instead became more picky.
According to Wintermute cryptocurrency needs at least one of three things in 2026, institutions growing beyond Bitcoin and ethereum a significant increase in large assets that generates a broader wealth effect or a return of retail investors. Reduced interest rates may encourage a renewed desire for risk.
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Wintermute says Bitcoin's 2026 recovery hinges on three scenarios: ETF mandate expansion beyond BTC and ETH, another major rally creating wealth effects, or retail investors returning from AI and equities. pic.twitter.com/kB9k1hnDnN
Inflows into ETFs and institutional demand continue to favor Bitcoin the most. Although this restricts the potential of altcoins it upholds Bitcoin’s hegemony. Bitcoin is likely going to spearhead any wider cryptocurrency rebound in 2026 if rate reductions and retail engagement rise.
Rhode Island Reintroduces Bitcoin Tax Exemption Bill
A plan that WOULD temporarily remove minor Bitcoin transactions from state taxes has been presented by Rhode Island lawmakers for the second consecutive year. Instead than viewing Bitcoin as purely an investment the measure seeks to lower tax barriers and promote regular use of the cryptocurrency.
According to the plan state income and capital gains taxes would not apply to Bitcoin transactions up to $5,000 per month with a $20,000 annual ceiling. Both private citizens and Rhode Island-based companies would be eligible for the exemption.
This effort which is going to be a pilot experiment will start in 2027 and terminate in 2028 unless it is extended. Additionally, the law would make it easier for taxpayers to self-certify their status using simple documentation.
JUST IN: Rhode Island introduced a state income tax exemption bill for small-scale Bitcoin transactions.
Make Bitcoin everyday money
pic.twitter.com/oKVAUVoXsz
Should the measure be approved it would encourage the usage of Bitcoin as a digital currency rather than merely a speculative investment. These kinds of pro-Bitcoin bills can increase real-world acceptance bolster long-term demand, and promote a favorable outlook for BTC, particularly if more US states adopt a similar strategy.
Mysterious Crypto Trader Bets Big Ahead of Supreme Court Tariff Ruling
Ahead of the US Supreme Court’s judgment on President Trump’s tariffs which might have a significant impact on international markets an enigmatic cryptocurrency trader has taken significant action. The court is examining Trump’s legal authority to enact broad tariffs without the consent of Congress. The United States may be required to reimburse more than $130 billion in duties collected if the government loses the case.
The trader closed almost $400 million in long positions before to the decision locking in about $14.5 million in profit when cryptocurrency prices increased following weaker US inflation statistics. The trader quickly switched to short positions speculating that the judgment may cause cryptocurrency prices to decline.
WARNING: A BIG MARKET STORM IN 1 HOUR!!!
– Supreme Court ruling on TRUMP tariffs
– Starts in 58 minutes
Polymarket is pricing around a 73% chance that the court rules Trump tariffs illegal.
Trump says the tariffs brought in around $600 BILLION.
I’ll explain what you need… pic.twitter.com/lXfhR54LJn
These short positions which use heavy leverage on a decentralized exchange include Solana, Ethereum and Bitcoin. News about tariffs and policies frequently causes Bitcoin to respond dramatically. A bad decision can raise market uncertainty and cause short-term Bitcoin volatility. Longer-term policy unpredictability however might still make Bitcoin more appealing as a risk hedge for the economy and politics.
Bitcoin (BTC/USD) Outlook: Technical Signals Point to Controlled Consolidation
From a technical perspective, Bitcoin remains constructive. Price continues to FORM higher lows above the rising 50-EMA, while the 200-EMA trends upward below $94,000, reinforcing medium-term support.
Pullbacks have been shallow and corrective, marked by small-bodied candles and brief Doji pauses rather than aggressive selling.
Momentum indicators support this view. The RSI has cooled into the 55–60 zone, a healthy reset following overbought conditions, with no bearish divergence visible. As long as Bitcoin holds the $95,700–$95,200 demand zone, the bullish structure remains intact.
$100,000 Back in Focus if Resistance Breaks
The current range resembles a bullish consolidation flag, suggesting accumulation rather than distribution. A brief dip toward support followed by a higher low could set the stage for another push above $97,600. A confirmed break would expose $98,800, with extension potential toward the psychological $100,000 level.
Bitcoin Hyper: The Next Evolution of BTC on Solana?
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As Bitcoin activity climbs and demand for efficient BTC-based apps rises, Bitcoin Hyper stands out as the bridge uniting two of crypto’s biggest ecosystems. If Bitcoin built the foundation, Bitcoin Hyper could make it fast, flexible, and fun again.
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