Bitcoin advocate Anthony Pompliano has expressed optimism about Bitcoin's price trajectory following its retest of the $116,000 mark. Pompliano highlighted that Bitcoin is poised for a bullish move after consolidating around $103,000 and rebounding from the October 10 downturn. This recovery is bolstered by significant institutional interest, evidenced by a $446.3 million inflow into U.S. spot Bitcoin ETFs on October 25. Despite a brief pullback from its $126,000 peak on October 6, Bitcoin has demonstrated resilience. The cryptocurrency's supply dynamics are tightening, with continued accumulation by whales and institutions, suggesting a strong foundation for future price increases.