Bitcoin’s path to $100,000 appears increasingly likely according to BitMEX co-founder Arthur Hayes, who points to an imminent treasury buyback as a potential catalyst. The leading cryptocurrency has already gained 3% in recent days, breaking through $87,000 resistance as whale accumulation accelerates.
This analysis aligns with recent findings in our technical analysis showing a bullish MACD cross at $83K, suggesting momentum is building for a push toward six figures.
Treasury Buyback Could Fuel Bitcoin’s Rise
Hayes highlights an upcoming treasury buyback as a key driver for Bitcoin’s next leg up. When governments repurchase bonds from the open market, it increases liquidity among institutional investors – capital that often flows into alternative assets like cryptocurrencies.
The timing coincides with significant weakness in the US Dollar Index, which has fallen to levels not seen since March 2022. This dollar weakness typically correlates with increased institutional Bitcoin accumulation, as evidenced by corporate holdings reaching 688,000 BTC in Q1 2025.
Whale Accumulation Signals Strong Hands
On-chain data from Glassnode reveals significant whale accumulation, with addresses holding over 1,000 BTC now exceeding 2,100. This represents an addition of 60 new whale addresses in just two months, even as Bitcoin consolidated between $76,000-$88,000.
Technical Analysis Supports Bullish Case
Bitcoin’s technical picture has strengthened considerably, with price action breaking out of a descending wedge pattern and maintaining position above the 50 EMA. This setup suggests a retest of $91,200 before potentially challenging the psychological $100,000 level.
FAQ Section
When could Bitcoin reach $100,000?
Based on current momentum and macro factors, analysts suggest Bitcoin could reach $100,000 within the next 3-6 months, particularly if the treasury buyback materializes as expected.
What are the key resistance levels to watch?
Primary resistance levels include $91,200, $94,500, and $97,800 before the crucial $100,000 psychological barrier.
How sustainable is this rally?
The combination of institutional accumulation, whale buying, and macro factors suggests this rally has stronger fundamentals than previous cycles.
While the path to $100,000 appears increasingly clear, investors should maintain proper risk management and consider their investment timeline carefully. As always, diversification remains crucial in volatile market conditions.
