Fidelity Clients Fuel Bitcoin Breakout to $100K Target

Fidelity clients purchased a significant amount of Bitcoin (BTC) worth $310.72 million just as the cryptocurrency was testing a key breakout zone, according to a widely shared post from Whale Insider.

The BTC price today is trading at $80,426.20, down 0.99% from yesterday's close after breaking out of a tightening channel in the last few days.

Market data checked on September 20 shows that institutional demand remains strong, with Fidelity clients buying heavily and US spot Bitcoin ETFs pulling in $433 million in net inflows on September 18 alone.

The chart analysis suggests that BTC has the potential to reach $100K if it can clear the resistance level of $82,195.14 and break through the upper trendline of the channel.