
Bitcoin can go well beyond $100k by Thanksgiving. 🚀 This stagnant market is the exact pressure-cooker setup from late summer. In early August, Bitcoin sat locked in a grueling sideways range, which had sentiment on the floor. Traders declared the rally dead. 4yr Cyclists doubled down on "$40k Bitcoin by October 5th". Then Bitcoin said: "Hold my beer...." 🚀 Despite the illusion of Bitcoin being boring or broken, behind the scenes exchange reserves were systematically draining while institutional buying laid a firm floor. When that structural spring uncoiled through September, the move was swift and unforgiving, like a volcano erupting. The sudden 43% move tore through resistance as sell-side liquidity evaporated. Bears were slapped down. Traders were taught a hard lesson. We are seeing that exact same setup right now. This consolidation is flushing out weak hands and transferring supply to long-term holders. Daily, order books thin out as corporate treasuries and ETFs absorb the remaining float. When capped supply meets inelastic demand, sideways action only lasts until inventory runs dry. A repeat 43% move launches Bitcoin straight past $100,000. With Q4 seasonality turning wildly bullish, the runway to Thanksgiving is primed for a breakout. By the time headlines confirm six figures, this buying window will be gone like a fart in the wind, and all eyes will be on a new ATH heading into the New Year.
