Bitcoin Price Forecast: BTC Eyes $100K Following Vanguard Breakthrough

Published: Dec 03, 2025, 03:49 GMT+00:00

Key Points

• Bitcoin rebounds more than 16% from $80,600 as sentiment improves after a 35% correction.
• Vanguard confirms it will allow trading of crypto-exposed ETFs and mutual funds, boosting institutional-access optimism.
• BlackRock’s IBIT generates $1 billion in volume on day one at Vanguard, per Bloomberg’s Eric Balchunas.

Market Overview

Bitcoin (BTC) has experienced a significant rebound, rising over 16% from a local low of $80,600. This recovery comes as market sentiment improves following a substantial 35% correction. The price recovery has brought the psychologically significant $100,000 mark back into focus for traders.

Vanguard's Crypto Inclusion

The recent surge in Bitcoin's price is attributed to Vanguard's announcement that it will allow the trading of exchange-traded funds (ETFs) and mutual funds that hold cryptocurrencies. This decision is viewed as a crucial step towards mainstream acceptance of cryptocurrency investments, particularly for long-term investors who have previously faced restrictions on such platforms.

According to Bloomberg's Eric Balchunas, Bitcoin ETFs, especially BlackRock’s IBIT, achieved $1 billion in trading volume on their first day available on Vanguard's platform. This influx of trading activity indicates a growing interest in cryptocurrency investments among traditional investors.

Market Sentiment and Technical Analysis

Data from Glassnode shows that the Bitcoin supply held by high-net-worth individuals, referred to as "sharks," has increased, indicating a shift in sentiment towards bullishness. The supply held by entities with 100-1,000 BTC rose to 3.65 million, up from 3.45 million the previous week.

Economist Mohamed El-Erian noted that short-term market technicals have shifted from negative to neutral, suggesting that Bitcoin's stabilization, along with easing stress in Japanese bond yields, is creating a more favorable environment for risk assets.

Technical Indicators

From a technical perspective, Bitcoin's recovery is forming an ascending triangle pattern on the daily chart, indicating rising demand on price dips. The resistance level is currently between $92,700 and $94,000. If this resistance is broken, the measured move could target $102,800, surpassing the $100,000 psychological threshold.

The relative strength index (RSI) has also rebounded from oversold conditions, which historically aligns with trend reversals during bullish cycles. A decisive close above the resistance level would strengthen the case for further price increases, particularly if accompanied by rising trading volume.

Conversely, if Bitcoin fails to break through the upper trendline of the triangle, it may experience a pullback towards the $88,000-$90,000 range, with a potential downside target of $80,000-$85,000 if the lower trendline is breached.

Conclusion

The recent developments surrounding Vanguard's inclusion of cryptocurrency ETFs have significantly impacted Bitcoin's market dynamics, fostering a more optimistic outlook among investors. As Bitcoin approaches critical resistance levels, market participants will be closely monitoring trading volumes and technical indicators to gauge the potential for further price appreciation towards the $100,000 mark.