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Bitcoin may rally to $100,000 after a $49.1B market cap drop, supported by strong $82,500 level and rising institutional demand.

Analyst Insights
24 Sep 2026
Finbold
View Source
Bullish
Bitcoin may rally to $100,000 after a $49.1B market cap drop, supported by strong $82,500 level and rising institutional demand.

Bitcoin's market cap dropped by $49.1 billion in 24 hours, but analyst Ali Martinez expects a rally toward $100,000, citing strong support at $82,500. Bitcoin currently trades around $83,120, with a potential 20% upside after a possible consolidation phase. The bullish outlook is supported by increased institutional demand, especially from BlackRock-backed Bitcoin ETFs, which have driven a 25% price rise over six months and boosted total U.S. spot BTC ETF assets to over $108 billion.

Bitcoin trades at Rp1.497.171.620 on Pluang as of Sep 24, 2026 18:21 WIB, showing a 2.10% decline over the past day. Despite the article's mention of a recent $49.1 billion market cap drop, Bitcoin's market cap on Pluang stands at Rp30.009,25 trillion with a 24-hour trading volume of Rp844,6 trillion. The platform data also reveals a nearly balanced order activity with 51% selling and 49% buying, while typical holders keep Bitcoin for about 110 days, providing context to the analyst's outlook for a potential rally.

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