#BTCBackto100K Bitcoin is knocking on the door of $100,000 again, and analysts believe it's only a matter of time before it breaks through this key level. The cryptocurrency has been on a tear, surging by 31.8% over the past month to hit $99,388, its highest point since February 2025 ¹.

Several factors are contributing to this upward momentum. *Strong ETF Inflows* have been a significant driver, with over $4.6 billion flowing into Bitcoin ETFs over the last two weeks ¹. Additionally, *Legislative Progress* is also fueling optimism, with two Bitcoin-reserve bills enacted and multiple others advancing through the legislative process ².

From a technical perspective, Bitcoin's *Relative Strength Index (RSI)* is hovering around overbought levels, but analysts believe there's still room for growth ³. The *Long-Term Holder SOPR* has declined, suggesting that profit-taking is mostly by short-term holders, not long-term holders ³.

While some analysts are cautioning about a potential local top, others believe that Bitcoin still has more room to run. If the current momentum continues, the next stop could be $100,000 ³. However, if the leg up is a price pump before correction, a retrace could see Bitcoin drop to $94,000 ³.