Bitcoin’s $100k Comeback Hinges On $98k Breakout And Spot Demand

A pickup in Bitcoin spot demand and persistent spot ETF inflows could push BTC above the next significant hurdle at $98,000 and secure a sustained recovery.

Bitcoin (BTC) rallied 10% from its yearly open near $87,500 before stalling below resistance, but analysts say the price remains positioned for higher targets if key supply levels are reclaimed and spot demand continues to build.

Bitcoin must take out resistance at $98,000 to trigger a rally to a six-figure BTC price.

Spot demand and spot ETF inflows must persist for a breakout to $100,000.

BTC’s price rebounds since November 2025 have repeatedly been rejected by a supply zone at $93,000 to $110,000.

This represents the lower boundary of the long-term holder (LTH) supply clusters, according to Glassnode’s Cost Basis Distribution Heatmap.

Related: Bitcoin price tags $97K despite high producer price inflation, no US tariff ruling

“This region has consistently acted as a transition barrier, separating corrective phases from durable bull regimes,” Glassnode said in its latest Week On-chain report, adding:

Bitcoin’s bullish case hinges on its price cracking through immediate resistance at $98,300 — the short-term holder (STH) supply basis.

This level represents the aggregate entry price of investors who have held Bitcoin for less than 155 days, and serves as a critical gauge of market confidence.

Source: CoinTelegraph