Bitcoin (BTC) is greeting the new week with unstable dynamics. Within just one day, the cryptocurrency first sank to a two-month low, but then consolidated above important resistance, thereby opening its way to the $100,000 level.
Let’s figure out what’s happening in the Bitcoin (BTC) market and what to expect from the price of the cryptocurrency.
Bitcoin investors are optimistic
Over the past week, net inflows into Bitcoin spot ETFs amounted to $1.7 billion. This is significantly higher than the average inflow of $1.35 billion recorded from October to December 2024. The renewed market interest underscores growing confidence in the cryptocurrency’s prospects.
When investors invest in Bitcoin ETFs, they are creating the bullish momentum needed for BTC to recover. Overall, this is a positive signal that indicates market optimism.
Meanwhile, small investors holding less than 1 BTC are aggressively accumulating cryptocurrency at a rate of 17,600 BTC per month. Now the total volume of Bitcoin under their management is 1.36 million coins.
Such dynamics clearly indicate strong bullish sentiment among retail investors. This means that they believe in Bitcoin’s potential to recover and rise in price in the near future.
BTC Forecast: Waiting for a Breakout
At the time of writing this BTC analysis traded at $95,728, having risen in price by 3% over the past 24 hours.
At the same time, earlier today Bitcoin lost support at $92,005 and immediately dropped to $89,000, the November 2024 minimum. This fall caused great concern, but the cryptocurrency managed to quickly regain its positions.
Bitcoin has already broken above the resistance at $95,668. This rapid recovery may indicate that the coin is again ready to storm the psychologically significant $100,000 level.
There is a more negative scenario, although it is unlikely. Losing the achieved level of $95,668 is fraught with consolidation between this mark and support at $93,625. Such a movement will delay the recovery of Bitcoin and prolong the current sideways movement.
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Source: Cryptocurrency

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