Bitcoin Consolidates Near $81,500 Amid Strong ETF Inflows and Inflation Concerns

Bitcoin's price has been consolidating near $81,500 after reaching a four-month high. This stability is attributed to substantial spot Bitcoin ETF inflows of $3.5 billion in August and an additional $731 million on September 3.

The current market environment suggests that investors are seeking safe-haven assets due to rising bond market stress and inflation concerns. Yields have hit 20-year highs, fueling the narrative that inflation may surpass the Federal Reserve's 2% target.

Peter Brandt, a veteran analyst, has revived his 2019 logarithmic chart predicting Bitcoin's parabolic rise. According to this model, Bitcoin is expected to continue its bullish trend and potentially reach $100,000 in the future.