Bitcoin is seeing strong momentum, with daily net inflows topping $1 billion in recent weeks. This surge in investor demand is pushing the price close to the critical $100,000 level. On Thursday, Bitcoin was trading at $99,541, marking its highest point in two months.
The rise in price is backed by both market confidence and steady inflows. Analysts say new investors are buying Bitcoin while existing holders take profits. This balance between profit-taking and buying suggests the rally still has room to grow.
Profit-taking usually signals a price top, but Bitcoin’s realized profit levels are still below the danger zone. According to market data, the red flag appears only when profits cross $1.5 billion. Until then, there’s space for more gains.
Capital inflows have been steady since October 2023, with demand outpacing outflows. This has created a strong foundation for Bitcoin’s recent performance. Positive sentiment is also supported by spot ETF activity, which continues to show strong investor interest. Apart from a brief outflow of $85 million on May 6 – linked to U.S. interest rate uncertainty – ETF inflows remain robust.
If Bitcoin breaks through the $100,000 resistance, the next key level is $105,000. Clearing that could open the path toward $110,000. But if momentum fades, Bitcoin risks falling back to $93,625.
For now, bulls remain in control as inflows and sentiment continue to support the upward trend.
