Bitcoin News Today: Bitcoin Rises 8% as BlackRock ETF Sparks $1B Surge, Eyes $100K Breakout

Bitcoin surged nearly 8% on Tuesday, breaking above $92,000 for the first time since the November correction. The rebound was driven by renewed institutional demand, highlighted by BlackRock's IBIT recording over $1 billion in trading volume within 30 minutes of trading. Market participants are now watching closely to see if the momentum can push the price beyond $100,000 in the coming days.

Technical indicators have turned bullish, with Bitcoin reclaiming a key four-year trendline that now acts as support. The Relative Strength Index (RSI) has climbed from the oversold zone, while the Moving Average Convergence Divergence (MACD) crossed above its signal line, signaling a shift in momentum. Analysts are cautiously optimistic about the potential for a continuation of the upward trend.

Bitcoin's recent price action has drawn attention from both retail and institutional investors. A hidden weekly bullish divergence has been noted by technical analysts, suggesting that the current rally could extend further. The pattern has historically preceded sharp price increases, adding to the growing optimism in the market.

Why the Bullish Outlook?

Several technical and market factors support the case for a potential $100,000 move in the near term. Bitcoin has broken above a critical resistance zone between $91,210 and $92,043, a level that had previously capped its ascent according to price analysis. The RSI's upward trajectory, combined with a narrowing Bollinger Bands squeeze, suggests that a significant price move is on the horizon.

The Fibonacci retracement tool has also provided bullish signals, with Bitcoin testing the 61.8% retracement level following its November decline. Analysts argue that this level has historically acted as a strong support or resistance point, and its successful test could validate a continuation of the upward trend. FxPro analyst Alex Kuptsikevich noted that if Bitcoin holds above $91,000, the next target could be as high as $100,000.

Risks to the Outlook

Despite the positive signals, several risks remain on the horizon. Bitcoin is still vulnerable to volatility, particularly as it approaches key resistance levels. A failure to hold above $92,800 could result in a pullback to the $88,000 zone, where additional support could be tested according to market analysis. Market analysts are also monitoring global economic developments and regulatory news, both of which could impact sentiment and price direction.

The broader economic landscape also plays a role in shaping Bitcoin's trajectory. With the Federal Reserve set to end its Quantitative Tightening (QT) program on December 1, 2025, liquidity conditions in the financial system could shift. The move is being closely watched by investors who believe that increased liquidity could provide a tailwind for asset prices, including Bitcoin.

What This Means for Investors

The recent rally has sparked renewed interest in Bitcoin, particularly among long-term investors who see the current price as an opportunity to accumulate. The coin's performance has also benefited from growing institutional adoption, with Vanguard's decision to allow crypto ETFs on its platform marking a significant milestone. This move has added a new layer of legitimacy to the asset class and could attract further investment.

However, investors are being urged to approach the market with caution. While technical analysis offers compelling insights, it is not a guarantee of future performance. Market conditions can change rapidly, and unforeseen developments-such as regulatory actions or macroeconomic shifts-could disrupt the bullish trend. Experts recommend using a diversified approach and combining technical analysis with fundamental research and sound risk management strategies.

As the week unfolds, the focus will remain on Bitcoin's ability to sustain its current momentum. A successful breakout above $92,800 could set the stage for a more aggressive move toward $100,000, while a failure to hold above that level may prolong the consolidation phase. In either case, the coming days are expected to be critical in determining the next chapter of Bitcoin's price action.