Bitcoin Fever: Bridget Jones-Style Guide to $100K and Beyond

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Bitcoin is wobbling around $80,874 the way I wobble in heels at a party-steady enough to pass, yet with the occasional wobble that keeps you on your toes. Over the last 24 hours, BTC has gained about 1.49%, with trading volume flirting with $47.5 billion, a number that makes the finance section look less dull than my diary. While it’s still down roughly 36% from its all-time high of $126,198 in October 2025, Bitcoin’s long-term trajectory is nothing if not dramatic, considering its rise from near-zero in its early days.

Technical Signals Point Higher

According to Ali Martinez, Bitcoin continues to show structural strength following a bullish MACD crossover on April 13. This signal has already driven a 15% rally and has historically marked the beginning of major multi-month uptrends, with past gains reaching as high as 147% – because apparently crypto loves a good throwback montage.

On the daily chart, Bitcoin is now approaching the crucial 200-day moving average near $83,000. A clean breakout above this level could unlock further upside toward $89,000 and potentially $94,000 in the near term. If this happens, I’ll celebrate with a celebratory cardigan.

Whales Accumulate as Retail Stays Quiet

According to him, one of the most notable developments is strong whale activity. Large holders accumulated 4,527 BTC in the past 24 hours, worth approximately $362 million, indicating high conviction buying at current levels.

Whales bought 4,527 Bitcoin $BTC in the past 24 hours, worth around $362 million.

– Ali Charts (@alicharts) May 4, 2026

At the same time, on-chain data from Santiment shows network activity at two-year lows, with only 531,000 daily transactions and around 203,000 new wallets being created. This divergence suggests that while institutional and large players are accumulating, retail investors have yet to re-enter the market in full force.

$100K Narrative Gains Momentum

Crypto analyst Arthur Hayes thinks Bitcoin could reach $100,000 after the summer, driven by improving global dollar liquidity. He also projects a potential move toward $125,000 by the end of 2026, noting that Bitcoin is already outperforming traditional markets like the Nasdaq despite geopolitical tensions, including risks involving Iran.

Institutions Keep Buying

Institutional demand remains a main pillar of support. MicroStrategy now holds over 818,000 BTC worth more than $64 billion, continuing to accumulate aggressively.

Meanwhile, BlackRock manages over $50 billion in Bitcoin ETF assets, with total ETF holdings surpassing $100 billion again. Recent inflows nearing $630 million in a single day reinforce the growing institutional appetite.

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2026-05-05 12:51