Bitcoin is trading around $95,000, representing a gain of roughly 9.5% compared with its Jan. 1 opening price near $87,500.
Market participants broadly agree that the short-term trend remains constructive as the asset consolidates just below a major resistance zone.
Analysts describe the current phase as an inflection point, where a decisive move could define Bitcoin’s next major trend.
The level drawing the most attention is near $98,000, which aligns with the short-term holder cost basis.
This area has not seen a strong retest recently, making it a key hurdle for bullish continuation.
Glassnode analyst Chris Beamish said Bitcoin is approaching a “key inflexion point” as it challenges this level.
“Reclaiming the STH cost basis would signal that recent buyers are back in profit, typically a prerequisite for momentum to re-accelerate,” he said.
Trend Structure Still Favors The Bulls
Several market observers argue that Bitcoin’s broader structure remains intact despite recent consolidation.
MN Capital founder Michael van de Poppe said the trend remains upward as long as Bitcoin holds above its 21-day moving average near $91,200.
He added that a move above $100,000 would be a matter of time if this support continues to hold.
On a higher timeframe, analyst Mags pointed to Bitcoin bouncing from a multi-year trendline that has remained intact since March 2023.
“Bitcoin is bouncing from the long-term trendline support it has been holding since March 2023,” Mags said.
“Each time the price has bounced from this support, we have witnessed a strong run-up.”
The last bounce from this trendline in October 2023 preceded a rally of more than 170% to a record high near $73,800.
Technical Patterns Signal Potential Upside
From a charting perspective, Bitcoin is currently trading within an ascending triangle formation on the daily timeframe, as noted by newbettingsites.uk.
The pattern suggests growing buying pressure as higher lows compress against horizontal resistance.
A resistance zone between roughly $96,000 and $99,500, defined by the 100-day and 200-day exponential moving averages, remains the key barrier.
A clean break above this region could open the path toward the pattern’s measured target near $113,200.
Analyst Matthew Hyland described the setup as an ascending triangle with confirmed hidden bullish divergence on the weekly timeframe.
“Price goes up,” Hyland said, summarizing the outlook.
Momentum Indicators Support Further Gains
Momentum indicators also lean bullish, though they suggest room remains before conditions become overheated.
The relative strength index has climbed to 64, recovering sharply from oversold territory seen in mid-November.
Daan crypto Trades said this indicates Bitcoin is trading strongly without being overbought in the short term.
“There’s definitely a good amount of room to move higher for now,” he said.
Traders note that maintaining bullish market structure on lower timeframes remains essential for follow-through.
If those conditions hold, many expect Bitcoin to challenge six-figure territory in the weeks ahead.
Cumulative BTC ETF Inflows
Total Bitcoin ETF inflows have become a key metric for tracking institutional demand for Bitcoin, offering insight into how traditional investors are allocating capital to digital assets.
Since the approval of spot Bitcoin ETFs, cumulative inflows have grown steadily, reflecting sustained interest from asset managers, hedge funds, and long-term investors seeking regulated exposure to BTC.
Periods of strong inflows often coincide with broader market optimism, rising Bitcoin prices, or expectations of looser monetary policy. Large daily and weekly inflow figures suggest that ETFs are increasingly being used as a primary entry point for institutional capital, replacing more complex custody and direct ownership models.
At the same time, temporary outflows tend to appear during price corrections or heightened macroeconomic uncertainty, highlighting the sensitivity of ETF demand to market sentiment.
Over time, total inflows have reached substantial levels, reinforcing the view that Bitcoin ETFs are no longer a short-term trend but a structural part of the crypto market.
The dominance of a handful of major funds has also concentrated liquidity, improving price discovery and reducing volatility compared to earlier market cycles.
As adoption deepens, total BTC ETF inflows are widely seen as a long-term indicator of Bitcoin’s integration into traditional financial markets rather than a purely speculative asset.
