Bitcoin's Path to $100,000 Gets Clearer as Price Hits Near-Record Levels

Bitcoin has bounced back to near $80,000 after a remarkable rally that saw it gain over 20% in just one week. Despite still being below its October 2025 all-time high and 2026 starting price of around $87,500, investors are now focused on reclaiming the psychological milestone of $100,000.

According to Anthony Scaramucci, Bitcoin eventually reaching $100,000 is a 'magic number' where some long-term holders sold during the previous run. To achieve this goal, several factors need to align in Bitcoin's favor.

The first hurdle for Bitcoin is reclaiming its 2026 high near $97,900. If it can break through this level, then reaching $100,000 would carry significant psychological weight and erase the year's decline.