Bitcoin Price Forecast: BTC Eyes $100K Following Vanguard Breakthrough

Bitcoin (BTC) rebounded sharply this week, reclaiming the $90,000 level as improving sentiment around institutional access helped stabilize markets after a brutal 35% correction.

The recovery has put the psychologically important $100,000 mark back into focus.

Vanguard’s Crypto Inclusion Sends Bitcoin Recovering

Bitcoin rose by more than 16% from its local low near $80,600, with its rebound rally picking up momentum on Tuesday as traders assessed an optimistic update from Vanguard.

The Wall Street firm confirmed it will allow exchange-traded funds and mutual funds holding cryptocurrencies to be traded on its platform, a decision widely seen as another incremental step toward mainstream acceptance of crypto exposure among long-term investors, particularly those historically restricted by platform-level limitations.

Bloomberg’s Eric Balchunas confirmed that Bitcoin ETFs, primarily BlackRock’s IBIT, generated $1 billion in volume following their debut on Vanguard’s desk.

“I knew those Vanguardians had a little degen in them, even some of the most conservative investors like to add a little hot sauce to their portfolio,” he said in a Tuesday post.

The inclusion of crypto ETFs at Vanguard aligned with a rise in the Bitcoin supply held by high-net-worth individuals, commonly referred to as “sharks.”

According to Glassnode’s data, the Bitcoin supply held by entities holding 100-1,000 BTC surged to 3.65 million on Tuesday, compared to the 3.45 million outflows witnessed last week, indicating a shift in sentiment in favor of the bulls.

Economist Mohamed El-Erian noted that short-term market technicals have moved from negative to neutral, citing Bitcoin’s stabilization and easing stress in Japanese bond yields as improving the backdrop for risk assets.

El-Erian emphasized, however, that the longer-term outlook depends on Bitcoin’s ability to deepen its base of stable institutional investors, a theme that aligns closely with Vanguard’s decision and the growing role of ETFs in BTC price discovery.

BTC Charts Signal $100,000 Back in Play

From a technical standpoint, Bitcoin’s recovery is forming an ascending triangle pattern on the daily chart.

The structure reflects rising demand on dips, with higher lows pressing against resistance near the $92,700–$94,000 range. If confirmed, the pattern’s measured move points toward $102,800, just above the $100,000 psychological threshold.

The relative strength index (RSI) has rebounded from deeply oversold territory following November’s liquidation cascade, a setup that historically aligns with short-term trend reversals during broader bull cycles.

A decisive daily close above the resistance level would strengthen the case for continuation toward six figures, particularly if accompanied by increasing spot volume.

Conversely, a pullback from the triangle’s upper trendline could initially push the price toward the $88,000-90,000 area, aligning with the lower trendline.

A breakdown below the lower trendline could cause the BTC price to revisit the $80,000-$ 85,000 zone as a primary downside target.