Grok: Bitcoin $100,000 Target Dependent on Sustained ETF Inflows
The failed CLARITY Act vote in the Senate has raised questions about whether Bitcoin can still reach $100,000 by year-end. According to Grok, a Bitcoin price prediction model, reaching six figures is possible but with low probability.
Grok points out that Bitcoin barely reacted to the Senate setback, and its price remains at $76,389.34 as of September 17. To reach $100,000, a ~31% rally from current levels would be needed.
The model highlights several factors that need to come together for BTC to hit six figures: sustained ETF inflows, a weekly close above the 50-week moving average followed by a break through the next resistance level, an end to monetary tightening or a stronger debasement trade that can outweigh it, and no new risk-off shock before year-end.
The Federal Reserve's next move is crucial in determining Bitcoin's path. A pause after October could give ETF demand more room to recover while removing one of the main pressures on risk assets.