Bitcoin recently experienced a price pullback, raising questions about what could drive its value to reach 100K. A significant factor for this downturn was the absence of Bitcoin ETF demand over the weekend, which may have led to a setup for short liquidations in the market.
This scenario highlights the importance of consistent institutional interest and ETF activity in sustaining Bitcoin's momentum. Market analysts are exploring other potential catalysts that could reignite the bull market and help Bitcoin achieve its ambitious price targets.
Whether through increased adoption, policy changes favoring cryptocurrencies, or continued innovation within the blockchain space, stakeholders remain optimistic about Bitcoin's long-term potential despite recent challenges.
