Bitcoin Price Targets $100,000 as Ali Charts Points to Whale Demand and ETF Inflows
Bitcoin has surged sharply in September, pushing above $87,000 on September 22 and reaching its highest level in roughly eight months. The move has prompted crypto analyst Ali Charts to identify $100,000 as the next major target, with the case built around large transactions, ETF demand and key support levels.
According to Ali Charts, Bitcoin has gained more than 50% since falling to $57,749 on July 1. The rally has taken BTC back into the mid-$80,000 range, although the market has already seen some profit-taking after the latest advance. Market data showed Bitcoin trading around $85,600 later on September 22 after reaching an intraday high above $87,000.
Bitcoin Whale Activity Adds to the Rally
One of the indicators highlighted by Ali is the number of large Bitcoin transactions. The analyst said the network recorded more than 2,722 transactions worth over $1 million each on September 21, suggesting that large holders and institutional-sized participants remained active even after Bitcoin’s substantial recovery.
Large transactions, however, do not automatically represent net buying. They can involve transfers between exchanges, custodians and wallets, meaning the data provides evidence of elevated activity rather than definitive proof that whales are accumulating Bitcoin.
ETF demand provides another part of the bullish case. Ali said U.S. spot Bitcoin ETFs accumulated more than $1.60 billion worth of BTC over the previous 72 hours, adding another source of demand during the rally. Separate market data showed approximately $999 million of net inflows into U.S. spot Bitcoin ETFs on September 21 alone.
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The latest ETF figures put institutional demand firmly back in focus after Bitcoin spent much of the preceding period below $80,000. BlackRock’s IBIT was among the largest beneficiaries, recording approximately $381 million in net inflows on September 21, according to data reported from SoSoValue.
Glassnode’s latest market analysis also identified stronger spot demand behind the move. The analytics firm said exchange taker flow had shifted from net selling to net buying as Bitcoin climbed above $80,000, although it also noted that leverage and futures open interest were increasing alongside the price.
That combination matters because the rally is not being driven by a single market segment. Spot buying, ETF flows and derivatives activity are all contributing to the current market structure, although increased leverage can also make Bitcoin more vulnerable to sharp moves in either direction.
$84,569 Support Becomes Key for Bitcoin Price
Ali Charts identified $84,569 as an important support level, arguing that almost 600,000 BTC were previously traded around that price. A second demand zone was placed near $77,000, giving traders two areas to watch if Bitcoin experiences a deeper correction.
The $84,569 level is particularly important because Bitcoin has been consolidating around the mid-$80,000 range after its latest advance. Holding above this area would keep the analyst’s bullish setup intact, while a sustained move below it could shift attention toward the lower $77,000 demand zone.
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Above the market, Ali highlighted approximately $104,765 as the next major resistance area based on URPD data from Glassnode. That level sits above the $100,000 target identified by the analyst, meaning a move through $100,000 would still leave another significant on-chain resistance zone to contend with.
Bitcoin’s recent price action shows why those levels matter. The cryptocurrency reached approximately $87,281 on September 22 before retreating toward the $85,000 area, according to market data. The move represented a substantial recovery but also demonstrated that sellers remain active at higher levels.
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Ali Charts’ $100,000 target is therefore a technical scenario rather than a guaranteed destination. For the setup to remain constructive, Bitcoin would need to maintain the major support zones while continuing to attract spot and institutional demand. A break below support, a reversal in ETF flows or a sharp increase in leveraged selling could change the structure.
For now, Bitcoin’s rally has brought the $100,000 level back into focus after months of weaker price action. The combination of large transactions, strong spot ETF inflows and renewed spot-market demand provides measurable evidence of increased market participation, while the $84,569, $77,000 and $104,765 levels give traders concrete areas to monitor as the market decides its next direction.
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