Bitcoin Price Will Still Rally Above $99,000 Despite Bearish Sentiment, Here’s Why
Crypto analyst TARA has predicted that the Bitcoin price will nonetheless rally regardless of bearish indicators which have surfaced. She highlighted why the flagship crypto may attain this stage and what may occur as soon as it touches the value goal.
Analyst Predicts Bitcoin Worth Surge To $99,000
In an X post, TARA opined that the Bitcoin worth will attain $99,300, though the flagship crypto is printing a bearish candlestick. She acknowledged that BTC needs to the touch this worth goal earlier than it retraces deeper in order that the correction doesn’t break the essential assist at $90,000. The analyst added that retracement ranges for BTC will proceed to be adjusted, with the brand new 2026 excessive above $97,000, whereas revealing subwaves on the way in which to the complete goal at $103,000.
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Notably, crypto merchants are presently betting on the Bitcoin worth rallying previous the $99,000 stage and reaching the psychological $100,000 stage. Polymarket data reveals a 48% probability that BTC will rally to $100,000 this month. This follows the flagship crypto’s latest rally from round $92,000 to above $97,000 following the discharge of the smooth CPI inflation information earlier this week.
The spot Bitcoin ETFs have additionally contributed to the Bitcoin worth surge to begin the yr. In an X post, Bloomberg analyst Eric Balchunas highlighted that ETFs recorded web inflows of $843 million on January 14 and now boast 1-week web inflows of $1 billion and $1.5 billion year-to-date (YTD). With BTC rallying to $97,000 after buying and selling sideways in direction of the tip of final yr, Balchunas opined that the consumers could have exhausted the sellers.
Arthur Hayes Predicts Bitcoin Rally On Rising Liquidity
In his newest blog post, BitMEX co-founder Arthur Hayes predicted that the Bitcoin worth may maintain this rally as greenback liquidity quickly will increase. Hayes expects greenback liquidity to extend as U.S. President Donald Trump finds extra methods to inject liquidity into the financial system. The BitMEX co-founder highlighted how Trump plans to decrease mortgage charges, which may trigger People to borrow extra.
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Hayes additionally talked about that the liquidity in 2025 didn’t assist crypto portfolios, which is why the Bitcoin worth underperformed. He urged market contributors not to attract incorrect conclusions from the 2025 underperformance, because it was at all times a liquidity story relatively than a cyclical bear market, as some analysts steered.
Extra liquidity may additionally circulation into the market as Trump nominates a rate-cut advocate to exchange Fed Chair Jerome Powell. This might result in bigger price cuts, which might be bullish for the Bitcoin worth and the broader crypto market.
On the time of writing, the Bitcoin worth is buying and selling at round $95,300, down within the final 24 hours, based on data from CoinMarketCap.
Featured picture from Pixabay, chart from Tradingview.com
