Bitcoin Targets $100,000 Before U.S. Midterms
Bitcoin (BTC)
Editor:
Eugene Serbin
Digitaltoday.co.kr reports that Bitcoin may reclaim the $100,000 level before the U.S. midterm elections. Crypto trader Will Meade identified a bullish continuation pattern on the daily chart. He described the structure as a high-and-tight flag, suggesting a sideways move in September followed by an October breakout.
For this forecast to hold, Bitcoin must rise sharply to reach $100,000 by November 3, 2026. The asset is currently trading between $76,500 and $77,500, roughly 39 percent below its all-time high of $126,198 set on October 6, 2025. Meade interprets the consolidation in the mid-to-high $70,000s as a prelude to further gains rather than a bearish signal.
This technical view is supported by October seasonality, often called Uptober by traders. However, the report notes that strong performance in October is not guaranteed.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 19 September 2026. Not the outlet's figures.
Bitcoin is trading at $80,883.87, showing a divergence between short-term and longer-term flows. The 1-hour buy ratio stands at 49.1% with a negative volume delta of -$903,206, indicating immediate selling pressure. The 4-hour buy ratio is lower at 44.7% with a significant negative delta of -$18,619,277, suggesting fading buying interest in the near term. Conversely, the 24-hour buy ratio is 54.1% with a positive volume delta of +$153,101,147. This positive delta means that over the last day, buy volume exceeded sell volume, resulting in net accumulation despite recent short-term weakness.
The latest daily buy ratio of 46.7% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for BTC, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 51.7%, with the latest day showing a 2.4 percentage point increase. Weekly volume was 1.77 times the average, indicating heightened activity compared to normal days. Net buying occurred on five of the seven days, with a total volume delta of +$337,272,674. This contrasts with the 24-hour delta of +$153,101,147, showing that while the day was net positive, the intensity of buying has moderated from the weekly average. The price rose 4.7% over eight days, confirming that this is an unusual day of elevated volume relative to the recent trend.