21Shares Analysts: BTC Finds Support Near $77,000, Potential Target at $100,000
According to Bitcoin.com, Matt Mena, 21Shares Senior Crypto Research Strategist, stated that amid approximately $603 million in cumulative net inflows into US spot Bitcoin ETFs in September and a resurgence in altcoin risk appetite, Bitcoin's fourth-quarter trend is expected to strengthen significantly. Mena noted that BTC is currently finding support near $77,000, with mounting odds of testing the $82,000 range by month-end. He identified $100,000 for BTC, $3,500 for ETH, $100 for HYPE, and $130 for SOL as potential fourth-quarter targets. Furthermore, Ethereum has outperformed Bitcoin over the past three weeks with a 29% gain compared to Bitcoin's 20%, while Hyperliquid is approaching $90, signaling a rotation of capital into altcoins.
