Mike Alfred Calls for $100,000 Bitcoin by Thanksgiving
Bitcoin commentator Mike Alfred has said bitcoin will reach $100,000 by Thanksgiving, a view published as of October 28, 2026, after the asset recovered above $81,000. His call rests in part on a reported concentration of leveraged short positions near $84,000, although that position data has not been independently confirmed in the exchange liquidation reports reviewed.
The claim arrives against a more divided market backdrop as of October 28, 2026. Recent trading has repeatedly tested the $84,000 area, while other analysts cited by Bitcoin.com News have questioned whether bitcoin can surpass $100,000 before the end of 2026.
What happened
Bitcoin.com News reported as of October 28, 2026, that Alfred made an unequivocal call for bitcoin to reach $100,000 by Thanksgiving. The report described Alfred as a longtime investor and bitcoin commentator and said his view followed bitcoin reclaiming $81,000 on October 27.
According to Bitcoin.com News, bitcoin had fallen as low as $79,146 during weekend trading before the move above $81,000. The outlet also reported roughly $2.7 billion in leveraged shorts positioned just above $84,000.
That reported short stack is important to Alfred’s argument because a move through the area could pressure bearish traders to close positions. However, the reported size of the overhead short positioning came from social-media posts citing derivatives data. It was not independently confirmed through the exchange liquidation reports reviewed.
There is recent evidence that sharp moves through this price area have already affected short sellers. Bitcoin.com News reported that bitcoin traded near $84,376 on Bitstamp’s hourly chart on October 21, 2026, after briefly approaching $84,739. Coinglass figures cited by the outlet showed $243.04 million in crypto liquidations over the preceding 24 hours, including $188.14 million, or 77.4%, from short positions.
The same report said 71,223 traders were liquidated and that Binance accounted for approximately 44% of erased positions. Those figures describe a past 24-hour period, rather than confirming the current scale or location of short exposure above $84,000.
Why it matters
Alfred’s thesis focuses on market structure rather than a confirmed change in bitcoin’s underlying trading range. When prices rise, exchanges can close under-collateralized short positions. Those closures require buy-backs, which can add demand and create a feedback loop in which a rising price causes further liquidations.
Bitcoin has spent October testing the $84,000 to $85,000 region as resistance while leveraged traders rebuilt positions. That makes the reported $84,000 concentration consequential, but it also makes verification important. A reported derivatives position is not the same as an independently verified liquidation event.
Riotimesonline reported as of October 24, 2026, that bitcoin had traded in a range of about US$81,300 to US$84,000 in closes that week. The outlet said the range suggested that neither buyers nor sellers were in control. Its description places Alfred’s call near the upper boundary of that recent range, rather than after a sustained break above it.
Riotimesonline also reported that a Polymarket contract gave an 80.5% chance of bitcoin trading down to US$80,000 at some point in October, based on about US$10.1 million traded as of 23 October 2026. For the full year, the cited market assigned 51.5% to US$90,000 and 19.5% to US$100,000, with US$77.8 million traded. The outlet stressed that these figures are bets, not forecasts.
Background and context
Bitcoin’s recent price action follows a much higher reference point. Bitcoin.com News reported on October 22, 2026, that bitcoin reached an all-time peak above $126,000 per coin in October 2025. The outlet said the market then experienced one of its largest crashes between October 10 and 11, 2025, when nearly $19 billion in leveraged positions were liquidated and BTC reached intraday lows of $105K.
Bitcoin.com News said analysts at crypto firms viewed a rise above $100,000 by year-end as unlikely, pointing to other investment options, further interest-rate tightening and the developing situation in Iran. That assessment conflicts with Alfred’s Thanksgiving call, underscoring that his view is an individual market opinion rather than a settled analyst consensus.
ETF inflows have provided support during October as bitcoin tested resistance, while leverage has rebuilt across the market. Macro conditions have also remained relevant. The Federal Reserve’s October 28 decision added context after a 25 basis points hike in September took the rate range to 3.75%-4.00%, its first hike since 2023, according to the background context accompanying the market reporting.
Riotimesonline said a further fall in US stocks would probably pull crypto lower, while a rebound in technology shares could lift it. That framing does not establish a cause for bitcoin’s recent moves, but it highlights the broader assets that market participants were watching alongside derivatives positioning.
What to watch
The first open question is whether bitcoin can move decisively through the $84,000 to $85,000 resistance area that has been tested during October. Recent reporting has shown bitcoin near, but not persistently above, that range.
A second question is whether independently observable liquidation data confirms substantial short exposure around $84,000. Bitcoin.com News documented sizeable short liquidations on October 21, but the specific roughly $2.7 billion overhead figure cited in Alfred’s call remains unconfirmed in the reviewed exchange reports.
Market participants will also be watching whether bitcoin holds near the recently reported US$81,300 to US$84,000 range, as well as developments in US stocks, technology shares and the interest-rate environment. The available reporting presents these as relevant conditions, not as settled explanations or forecasts for bitcoin’s direction.
