Vanguard Opens Bitcoin ETFs — Will BTC Price Hit $100K?

Key Takeaways

Vanguard lifted a ban on Bitcoin Exchange-Traded Funds (ETF).
The Bitcoin (BTC) price surged by more than 10% after the move.
Can Bitcoin’s surge continue until the price hits $100,000?

The Bitcoin price erupted yesterday after Vanguard, one of the world’s largest asset managers, ended its long-standing ban on Bitcoin ETFs.

Within minutes of U.S. markets opening, Bitcoin spiked sharply, triggering more than $400 million in short liquidations and flipping market sentiment overnight.

This marks the single most significant catalyst behind the rally, fueling a wave of retail and institutional inflows and raising a key question: Why is Bitcoin rising so aggressively, and how far can the breakout run?

Here’s what the data shows.

Bitcoin’s Vanguard ETF

Vanguard manages over $11 trillion in assets, and its sudden reversal on Bitcoin ETFs is already having dramatic effects.

The importance of Vanguard’s entry into the crypto space cannot be overstated.

Approximately 50 million retail customers who previously could not access Bitcoin ETFs can now do so.

“The violent move from $88,000 to $93,000 happened so fast because the market had loaded up on short positions betting Bitcoin would crash,” an analyst said

Large funds are also loading up. Robinhood, BlackRock, Fidelity and others reportedly bought over $20 billion in Bitcoin exposure within hours.

Short Liquidations

While the Bitcoin Vanguard ETF decision triggered demand, much of the rally was fueled by forced liquidations.

Roughly $400 million in shorts were liquidated in the past 24 hours, feeding Bitcoin’s price surge.

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What Are Analysts Saying?

Several analysts have hope that Bitcoin’s bounce will continue. Kaizen predicts a bounce to $105,000 before new lows are reached.

He states that although Bitcoin’s price pump will continue, it is unlikely to result in new all-time highs.

IncomeSharks considers the On-Balance Volume (OBV) movement a positive sign.

Previously, OBV had consistently made lower lows, but it is finally showing its first bullish signs.

Finally seeing OBV do something positive. Still very early, but this is a great attempt at forming a double bottom or holding support. Something it hasn’t been able to do since September, he stated.

The final reason for Bitcoin’s surge could be Tether minting another $1 billion USDT. Since the Oct. 11 crash, Tether and Circle have minted $20 billion in stablecoins.

There are multiple reasons why the Bitcoin price is surging:

Vanguard lifted the Bitcoin ETF ban.
Short liquidations cascaded a rally.
Tether continues minting stablecoins.
The price action shows bullish signs.

Why Is Bitcoin Going Up?

Yesterday, Bitcoin’s price created a bullish engulfing candlestick and confirmed its first higher low in two months.

Today, Bitcoin’s price is attempting to break out from a diagonal resistance trend line.

BTC Price — BTC/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView

If successful, the targets are clear:

$98,100 – 0.382 Fibonacci.
$103,500 – 0.50 Fibonacci.

The charts indicate that if Bitcoin’s price breaks out, it can rally by another 8% before hitting resistance.

Possible Resistance Ahead

Zooming in on the 4-hour chart reveals cautionary signs.

The chart shows that Bitcoin trades inside an ascending parallel channel.

These channels usually contain corrective movements.

If that is the case, the entire bounce is corrective and will likely lead to a trend reversal and new lows.

BTC Channel — BTC/USDT 4-Hour Chart | Credit: Valdrin Tahiri/TradingView

Today, Bitcoin’s price is trading at the channel’s resistance trendline.

If it fails to break out, it will also get rejected by the diagonal resistance trend line.

So, all eyes are on the diagonal resistance to determine if it will lead to a breakout or rejection.

What happens will determine the Bitcoin price prediction for the rest of the year.

Will Bitcoin Break Out?

The next move hinges on whether BTC breaks above the main diagonal resistance.

A successful breakout is likely to trigger a run toward $100,000, which could unleash billions more in short liquidations.

Failure to break out, however, could send BTC back into consolidation.

For now, the Bitcoin Vanguard ETF catalyst has flipped sentiment bullish.

BTC’s next move will determine whether this becomes a full-scale trend reversal or just a temporary squeeze.

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Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

[email protected]

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Bitcoin Price Explodes 12% After Vanguard Ends ETF Ban — Is a Run to $100K Starting Now?