Bitcoin Surges to $91K Amid $645M ETF Inflows as
Generally, Bitcoin has been doing really well, it reached $91,000 after a lot of money, $645 million, went into crypto ETFs on January 2, which is a good sign that things are looking up. Usually, when this happens, people get excited and the market starts to look better.
Obviously, the total crypto market cap is now $3.12 trillion, and people are trading $75 billion every day, which shows that big institutions are getting involved.
Sometimes, the Fear and Greed Index is a good way to see how people are feeling, and right now it’s at 40, which means people are feeling neutral, but that’s better than how they were feeling in December when they were scared.
Apparently, the Altcoin Season Index is at 25, which means Bitcoin is still the most popular.
Normally, when you look at the technical side of things, you can see that the demand from ETFs is making it harder to get Bitcoin, and that’s happening when there’s not a lot of Bitcoin available, which is a good sign that prices will go up.
Market Overview
Clearly, the analysts think that the ETFs are making it hard to get Bitcoin, and that’s making the price go up, it’s like when you really want something and you can’t get it, you want it even more.
Often, when you look at the charts, you can see that Bitcoin has been moving sideways for a while, but now it’s breaking out, which is a good sign that things are going to get better.
Generally, people are saying that Bitcoin has broken out of a triangle pattern, and that means it’s going to start going up again.
Sometimes, the price of Bitcoin goes up and down, but right now it’s going up, it’s around $91,260, and it’s making higher lows, which is a good sign.
Evidently, the volume is going up too, and that’s a sign that people are getting more excited, the 50-EMA is above the 100-EMA, which means the momentum is getting stronger.
Technical Analysis
Normally, when the RSI is near 69, it means that the pressure to buy is strong, but it’s not too strong, which is good.
Apparently, the candlestick signals are saying that things are looking good, there was a big bullish candle that broke through the resistance, and then a spinning top at $92,000, which means that people are taking a break before they start buying again.
Usually, when you see a spinning top, it means that people are not sure what to do, but in this case, it’s a good sign that people are just taking a break before they start buying again.
Sometimes, the technical analysis can be complicated, but in this case, it’s saying that things are looking good for Bitcoin.
Price Targets
Generally, if Bitcoin can stay above $89,000, then the next target is between $93,500 and $94,600, and maybe even $98,000, which would be really good.
Obviously, if it goes below $88,400, then people might start selling, which would be bad.
Evidently, the price targets are important, because they give you an idea of where things are going, and right now, they’re saying that things are looking good.
Outlook
Sometimes, the outlook can change quickly, but right now, it’s looking good, more and more money is going into ETFs, and that’s making the price go up.
Apparently, the retail traders are starting to get back into the market, and that’s a good sign, it means that people are getting more excited.
Usually, when the altcoins are not doing well, it means that the big players are getting more serious, and that’s a good sign for Bitcoin.
Generally, if things keep going like this, then Bitcoin could reach $100,000 in the first quarter of 2026, which would be really amazing.
Clearly, the strong ETF inflows and the good technical indicators are saying that the price of Bitcoin is going to keep going up.
Obviously, the current market conditions are saying that Bitcoin could reach $100,000 soon, and that would be really good.
