Bitcoin surges over 50% since July, eyes $100,000 target

Analyst Ali Charts reported on Sept. 22 that Bitcoin has risen more than 50% since hitting a low of $57,749 on July 1, with the price currently holding above the $84,569 support level. On-chain data shows 2,722 large transactions exceeding $1 million occurred yesterday, indicating continued institutional accumulation. Additionally, U.S. spot Bitcoin ETFs recorded over $1.6 billion in net inflows over the past 72 hours. Technical analysis identifies the next major resistance near $104,765, with the MVRV pricing band suggesting average resistance around $100,670, keeping the $100,000 milestone as a primary market focus.