Bitcoin Price Prediction – BTC Could Hit $100K as Scarcity and Demand Boost Momentum

Highlights:

• Bitcoin sustains momentum above critical resistance, hinting at strong bullish momentum and growing investor demand.
• Institutional accumulation is tightening Bitcoin supply, increasing the chance that BTC could hit $100K.
• Coinbase UK’s lending feature and a better U.S. regulatory outlook could support broader Bitcoin adoption and fresh inflows.

Bitcoin (BTC) is in the green today, continuing the bullish momentum it has built up in the last 24 hours. In this period, Bitcoin has gained by 2.8% to trade at $78,025.60.  Bitcoin trading volumes also continue to push higher intraday. They currently stand at $43.89 billion, up by 16.78% in the day. The rising volumes point to growing excitement around Bitcoin and an expectation that its value could keep rising in the short to medium term. There are multiple factors supporting the ongoing Bitcoin momentum, which now puts $80k within range. 

Bitcoin Shrinking Supply Points to More Upside

The first is that the available supply is shrinking. Data shows that institutions are increasingly buying up most of the Bitcoin in circulation, creating significant scarcity. Among the institutions that are leading the way for Bitcoin are Michael Saylor’s Strategy and BlackRock.

As these institutions keep buying Bitcoin, any retail buying only helps push the price higher due to supply-and-demand dynamics. The current supply dynamics could also be setting Bitcoin up for a major supply shock. Such could see the price go parabolic and rally to prices above $100k in the short term.

Exchanges Making It Easier for Investors to Unlock Bitcoin Liquidity  

Outside of current price dynamics, Bitcoin is being pushed higher because exchanges are opening ways for investors to make money on Bitcoin beyond mere speculation. One such exchange is Coinbase UK, which has launched a service that allows users to borrow USDC against their Bitcoin holdings. This is a big move that could draw more users to hold Bitcoin.

Coinbase UK users can borrow USDC against BTC, ETH holdings https://t.co/zMo2Ly458u

— Goddie (@Goddie_Ke) April 21, 2026

That’s because, aside from providing access to liquidity, it offers several other advantages, including avoiding capital gains taxes. It is a factor that could lead more investors to buy and hold Bitcoin for longer in the future. By extension, it could add to Bitcoin’s scarcity and trigger a rally to new all-time highs. 

Improving Regulations Could Push BTC to $100K Soon 

Bitcoin could also be poised to push higher amid an improving regulatory environment in the US. The CLARITY Act is expected to come up soon and could open the door to trillions of dollars entering the cryptocurrency market.

At the same time, the SEC is making things easier for the cryptocurrency market. Yesterday, April 21, the SEC chairman stated that they were building a rulebook for the cryptocurrency market, one that moves completely beyond enforcement first. 

While this has nothing to do with Bitcoin directly, it could drive broader investor interest in the cryptocurrency market. Since Bitcoin tends to attract the most capital in the cryptocurrency market, the odds are high that it will attract the most of the new money entering the market.

This, in an environment where Bitcoin is already getting scarce, could send its price to new highs in the short to medium term. Overall, the ongoing momentum could accelerate once Bitcoin pushes through the $80k mark. That’s because it could confirm to investors that bulls are firmly back in control. 

Technical Analysis – Bitcoin Making Higher Lows In a Bullish Channel

After the rally through the $74,723 resistance, a clear uptrend is emerging. Bitcoin is now making higher lows in a bullish channel. This goes to show that every minor dip is being bought up as demand outstrips supply. If the current trend continues, Bitcoin could rally to $89,193 in the short term.

On the other hand,  if bears regain control and the price drops below $74,723, Bitcoin could drop to $62,618 in the short term. Of these two scenarios, a rally to $89,193 is more likely. This is due to the rising bullish momentum around cryptocurrencies at the moment.