BEARISH INDICATORS FADE? ANALYST TARGETS BITCOIN MOVE ABOVE $99K
Cryptocurrency analyst TARA believes Bitcoin could rally above $99,000 in the near term, even as several technical indicators point to short-term weakness. According to analysis cited by NewsBTC, Bitcoin is expected to reach this target before undergoing a deeper pullback, a move that could help preserve key support levels and prevent a broader breakdown.
TARA noted that retracement levels remain flexible and are likely to adjust as price action develops. The analyst also projected that Bitcoin could post a new high in 2026, potentially exceeding previous cycle peaks.
Traders Position for Move Toward Six-Figure Levels
Market participants are increasingly positioning for a push beyond major resistance zones, aiming for the six-figure psychological threshold. Bitcoin recently gained momentum following the release of softer-than-expected U.S. Consumer Price Index (CPI) data, which eased inflation concerns and supported risk assets.
Spot Bitcoin exchange-traded funds (ETFs) have also played a role in the early-year price strength, helping attract institutional capital back into the market, according to analysts.
ETF Inflows Signal Selling Pressure May Be Fading
Bloomberg ETF analyst Eric Balchunas reported that Bitcoin ETFs have recorded strong net inflows, with both one-week and year-to-date figures showing notable growth. As Bitcoin rebounded after trading sideways toward the end of last year, Balchunas suggested that sustained buying may have largely absorbed remaining selling pressure.
This shift, he said, could help support further upside if demand continues to outweigh supply.
Arthur Hayes Points to Liquidity as Key Driver
In a recent blog post, Arthur Hayes, co-founder of BitMEX, argued that Bitcoin’s rally could extend as U.S. dollar liquidity increases. Hayes expects liquidity conditions to improve as President Donald Trump pursues policies aimed at stimulating the economy, including efforts to lower mortgage rates, which could encourage borrowing and capital flows into risk assets.
Hayes noted that liquidity conditions in 2025 were unfavorable for crypto portfolios, contributing to underperformance. He cautioned against viewing the weakness as a traditional bear market, describing it instead as a liquidity-driven slowdown.
Rate Cuts Could Boost Crypto Market Sentiment
According to Hayes, additional upside could emerge if Trump appoints a rate-cut-friendly Federal Reserve chair, potentially leading to deeper interest-rate reductions. Such a shift would likely support Bitcoin and the broader cryptocurrency market by improving financial conditions and encouraging risk-taking.
Bitcoin Trades Lower in Short-Term Pullback
At the time of reporting, Bitcoin was trading slightly lower over the previous 24 hours, reflecting short-term consolidation even as analysts remain optimistic about its medium- to long-term outlook.
RISING BITCOIN VOLATILITY COMPARED TO VIX COULD SPARK PAIR TRADING MOVES
