Analysts: BTC has gained over 50% since early July, targeting $100,000.

According to analyst Ali Charts (@alicharts), Bitcoin has gained more than 50% since bottoming at $57,749 on July 1 and is now holding steady above a strong support level of $84,569. On-chain data shows that transactions exceeding $1 million numbered 2,722 on the BTC network yesterday, signaling that institutional funds are continuing to enter the market rather than taking profits. In terms of ETF demand, US spot Bitcoin ETFs saw net inflows surpass $1.6 billion over the past 72 hours, creating significant buying pressure. From a technical perspective, the second support level is around $77,000, with major resistance positioned near $104,765; the MVRV pricing band points to mean resistance at approximately $100,670. With demand remaining robust, the $100,000 milestone continues to be the primary focus of the market.