Joe Consorti: Bitcoin is closing in on a return to $100,000
- —Consorti: cycle low hit July 1 at $58,566, about 100 days earlier than expected
- —Institutions held or added to BTC allocations even through 50% drawdowns
- —Persian Gulf crude exports topped 14 million barrels per day last week
- —About 16% upside to $100,000 and 46% to the $126,000 record high
Why it matters: A Fed pause on October 28 combined with steady institutional demand could push bitcoin back to six figures before year-end.
Source: TokenPost