BLOOMBERG · 2026-10-27 23:56 UTC

Bitcoin's Road to $100,000 Is Crowded With Would-Be Sellers

Bitcoin rebounded over summer but has fallen back to $80,000 from a peak above $87,000, with prediction markets assigning only 17% odds of reaching $100,000 by year-end. Investors have been selling into rallies to break even or take profits, with buyers from the past two years breaking even around $87,000, causing the coin to sell off by a quarter or more. Bitcoin's price has been heavily influenced by macro factors and shows high correlation to stock markets; the AI trade's recent weakness and concerns about tech valuations have pushed Bitcoin back into its trading range.

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