Bitcoin Price Forecast: Bull Flag Targets $85K, Then $100K

Odds of a rate hike in September were immediately impacted by Waller’s remarks, dropping from 63% yesterday to 50% at the time of writing, according to data from FedWatch.

In the near term, analysts’ revisions of these odds tend to have a positive impact on the price of risky assets. However, the macro backdrop continues to be relatively unfavorable for cryptocurrencies, as high inflation will force Fed officials to maintain a hawkish stance on monetary policy.

Net inflows to exchange-traded funds (ETFs) linked to Bitcoin are starting to reflect some profit-taking going on and hedging, as investors withdrew money from these vehicles twice since the August 17 streak started.

This week, net inflows are still in positive territory at $81 million. Meanwhile, they ended last month at $3.5 billion, which is the highest figure on record since September 2025, back when BTC was trading above $100,000.