Bitcoin’s $105K Target Still in Play Despite Market Tremors

Blood in the streets? Not quite—Bitcoin’s 20% pullback looks more like a pit stop than a crash landing. Here’s why the bulls aren’t sweating.

The Dip That Refreshes: Every 30% correction in BTC’s history (including this one) preceded a new ATH within 12 months. Traders calling this ’the big one’ forget crypto winters actually freeze assets—not just cool them.

Institutional Absorbption: BlackRock’s ETF just crossed 300K BTC holdings—that’s $20B of ’weak hands’ selling being vacuumed up by diamond-handed funds. Wall Street doesn’t accumulate at peaks.

Technical Reality Check: The $105K target comes from measured moves, not hopium. Current prices sit squarely in the 2016/2020 mid-cycle reaccumulation zone. Cue the ’this time is different’ chorus from the same analysts who missed the last 300% rally.

Closing thought: When banks start issuing ’Bitcoin-collateralized loans’ with 50% LTVs, you’ll know the real top is in. Until then? This is just Wall Street’s latest ’risk management’ theater—with your coins as the props.

Bitcoin Surrenders $103k But That May Not be Enough to Stop an Imminent Rally

At the start of the week, Ark Invest CEO Cathie Wood gave a rather optimistic perspective on Bitcoin’s price. Specifically, the notable crypto executive projected that BTC would reach a price of $1.5 million over the next five years. That has reinforced Optimism amid a recent fall for the asset.

There is a prevailing belief that the leading crypto will be able to weather the present storm. Yet, concern still abounds considering how detrimental recent volatility has been for the sector. Still, Bitcoin’s recent slide may not be enough to shut the door completely on an incoming BTC rally to $105k.

According to the asset’s IOMAP (In/Out of the Money Around Price) indicator, bitcoin has increased support between $99,894 and $102,886, according to a BeInCrypto breakdown. That range has seen investors accumulate $41 billion worth of BTC. Moreover, this is a strong buying zone for the asset that should encourage upward price movements.

Bitcoin had briefly risen above the $107,000 mark over the weekend after it fell to the $102,000 mark. This has shown that the cryptocurrency can quickly recover losses and should create an increased sense of a future rally. Overall, investor accumulation should help to push Bitcoin back to $105,000, which would bring it just 6.5% from its all-time high price.