Bitcoin Could Reach $100,000 Before U.S. Midterms, Analyst Says

Bitcoin (BTC) is projected to reach $100,000 (approximately 138.1 million KRW) before the U.S. midterm elections, according to analyst Will Meade. The price would need a 29% increase from its September 18 trading level of $77,450.94 (about 16.96 million KRW). Meade noted on X that Bitcoin's daily chart shows a 'high and tight flag' pattern, suggesting consolidation after a sharp rise followed by a narrow price range or minor correction.

Meade interprets the current $76,000–$77,000 (about 14.95 million to 16.33 million KRW) range as a pre-upward movement adjustment period. The U.S. Federal Election Commission (FEC) has set the November 3, 2026, date for the next federal midterm election. If Meade's scenario holds, Bitcoin would need to reach $100,000 within six weeks from September 18.

The previous all-time high of $126,198.07 (about 174.28 million KRW) was recorded on October 6, 2025. Current prices are about 38.7% below that peak, meaning a return to $100,000 would not break the previous high but rather rebound from a lower level. The analyst cited 'Uptober'—a seasonal trend in cryptocurrency markets for October price increases—as part of his reasoning.

Meade's outlook is based solely on technical analysis and a U.Today report; no official forecasts or market consensus were mentioned. The prediction remains conditional, with Bitcoin's ability to reach $100,000 dependent on consolidation through late September and upward momentum in October. Previous reports from the same source also emphasized that price targets should be validated by ETF inflows and inflation metrics.