bullish

Bitcoin

ETF COIN

BlackRock

<p>Bitcoin (BTC) has surged by <strong>2.04%</strong>, hitting $97,000 and reclaiming its <strong>$1.9 trillion market cap</strong>. The ongoing recovery rally strengthens the possibility of testing the critical <strong>$100,000 psychological resistance</strong>. Technical indicators confirm the upward trend, with the 20 and 50 EMA lines crossing positively and the RSI nearing the overbought zone, signaling strong bullish momentum.</p>
<div class="wp-block-image">
 <figure class="aligncenter">
  <a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=postBANNER" target="_blank" rel="noopener noreferrer nofollow"><img loading="lazy" width="728" height="90" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg" alt="Qubetics is 728x90 1 3" title="Bitcoin on the Rise: Can It Reach $100K From $97K? 41"></a>
 </figure>
</div>
<h2 class="wp-block-heading" id="etf-outflows-cast-a-shadow-on-institutional-participation">ETF Outflows Cast a Shadow on Institutional Participation</h2>
<p>Despite Bitcoin’s price recovery, U.S. spot Bitcoin ETFs recorded net outflows of <strong>-209.82 million dollars</strong> on January 14. BlackRock led with an outflow of <strong>219.48 million dollars</strong>, while WisdomTree and VanEck reported positive inflows, showcasing mixed signals from institutional investors. This divergence highlights that institutional participation has not fully aligned with Bitcoin’s price movements.</p>
<h2 class="wp-block-heading" id="derivatives-market-activity-shows-mixed-sentiment">Derivatives Market Activity Shows Mixed Sentiment</h2>
<p>The derivatives market saw $200 million in liquidations within the last 24 hours. Open interest rose by <strong>1.54%</strong> to $61.51 billion, while the long-to-short ratio increase (1.0442) reflects growing bullish sentiment. However, a decline in funding rates suggests traders are cautious about paying high premiums, indicating a potential short-term correction.</p>
<figure class="wp-block-image size-full">
 <img loading="lazy" width="1536" height="601" src="https://www.turkishnyradio.com/wp-content/uploads/2025/01/Screenshot-2025-01-15-121201-1536x601-1.png" alt="Screenshot 2025 01 15 121201 1536x601 1" title="Bitcoin on the Rise: Can It Reach $100K From $97K? 42">
</figure>
<p>Analysts forecast Bitcoin could retest the <strong>200 EMA at $95,823</strong>, with a potential rebound from this level. Key support lies at <strong>$95,119</strong>, while breaking the <strong>$99,514 resistance</strong> could pave the way for Bitcoin to hit the <strong>$100,000 milestone</strong>. However, the possibility of short-term corrections requires investors to remain vigilant.</p>
<h3 class="wp-block-heading" id="conclusion">Conclusion</h3>
<p>As <a href="https://www.turkishnyradio.com/" target="_blank" rel="noopener noreferrer nofollow">Turkish NY Radio</a> highlights, Bitcoin’s price action demonstrates resilience and optimism. While technical indicators point to further growth, ETF outflows and derivatives activity suggest mixed signals. Investors should keep a close watch on critical support and resistance levels as Bitcoin aims for a historic price milestone.</p>

Bitcoin on the Rise: Can It Reach $100K From $97K?

Table of Contents

TNYR

Other articles published on Jan 15, 2025

Join our free newsletter for daily crypto updates!