Bitcoin Shatters $95,000 as Spot Demand Ignites the Final Countdown to $100,000
Bitcoin has regained bullish momentum, trading firmly above $95,000 after rising 4.6% in the last 24 hours. The rise of the leading crypto
Quick overview
- Bitcoin has regained bullish momentum, trading above $95,000 after a 4.6% rise in the last 24 hours.
- The current price increase is driven by spot demand rather than derivatives speculation, indicating stronger fundamentals.
- Technical indicators suggest that Bitcoin could reach $100,000 if it maintains support above $94,500 and breaks through resistance at $96,800.
- Despite the price rise, investor sentiment remains cautious, with mixed signals about Bitcoin's near-term trajectory.
Bitcoin BTC/USD has regained bullish momentum, trading firmly above $95,000 after rising 4.6% in the last 24 hours. The rise of the leading cryptocurrency has sparked more debate among market analysts over whether the digital asset can finally reach the psychological $100,000 barrier again, which it last hit in November.
Spot Demand Powers Bitcoin’s Latest Leg Higher
The present rise seems to be based on stronger fundamentals than past rallies that were based on derivatives speculation. Will Clemente, a crypto analyst, said that spot buying, which is when buyers buy the real underlying asset instead of futures contracts, is driving this price shift. This difference is very important for sustainability since spot purchases show real demand instead of leveraged speculation that may easily go wrong.
Bearish traders were surprised by the rebound, and when prices went up, they had to sell short bets worth $269.21 million. Market data shows that Bitcoin broke through a contracting triangular pattern near $92,000, then pushed through resistance at $94,500, and finally hit an intraday high of $96,476.
BTC/USD Technical Picture Suggests Path to $100,000 Remains Open
Bitcoin is showing good signs from a technical point of view. The cryptocurrency is trading above its 100-hour simple moving average, and the hourly RSI (Relative Strength Index) has gone over the neutral 50 level, which is usually seen as a sign of positive momentum.
Ali Martinez, a market analyst, says that $94,555 is the most important “bullish trigger” level. If Bitcoin stays above this level, it might rise to $105,291, which would be a 12% gain from where it is now. Michaël van de Poppe of MN Trading Capital is sure that Bitcoin will “quite clearly” reach $100,000 in the next week. He sees any drops as chances to purchase.
Before the important $100,000 barrier, keep an eye on $96,000, $96,800, and $98,000 as key resistance levels. On the other hand, support is at $95,000, $94,500, and $93,200, which is the 50% Fibonacci retracement level of the recent advance.
Sentiment Indicators Flash Mixed Signals
Even if prices have gone up, people still aren’t particularly happy with the market. The Crypto Fear & Greed Index has a “fear” score of 26, which shows that investors are still being careful after the huge $19 billion liquidation event in October. Santiment, a crypto sentiment platform, says that “retail FOMO” could get stronger if Bitcoin gets close to $100,000, which could speed up the climb.
Prediction markets give us a little hope. Polymarket odds say that Bitcoin has a 51% chance of getting back to $100,000 by February 1 and a 23% chance of getting to $105,000. Historical seasonality gives us more information: since 2013, Bitcoin has gained an average of only 4.18% in January, but it has gained an average of 13.12% in February.
Analysts Remain Divided on BTC’s Near-Term Trajectory
Not everyone who watches the market is as excited about it. Nic Puckrin of Coin Bureau said that the recent bounce is “a reflexive move by investors” who are rearranging their portfolios following the sell-off in 2024. It’s not a change in the underlying trend. Puckrin thinks there will be another all-time high in 2026, but he says it “won’t be as dramatic as some are predicting.” He also says that “the possibility of a reversal into bear territory remains very real.”
Vince Stanzione of First Information is even more negative, saying that Bitcoin’s risk-reward profile at its current prices is not good. Stanzione says there are “no compelling reasons to buy Bitcoin at the current $92,000 level” because Bitcoin’s price has dropped 6% since 2025 and gold’s price has risen 66%. He also thinks Bitcoin will end 2026 lower.
Bitcoin Price Prediction: Critical Juncture for Bull Market Narrative
Bitcoin is at a very important point in its history. The move toward spot-driven purchasing gives a stronger base for long-term gains. Technical indications also show that the path to $100,000 is still open if bulls can defend the $94,500 support zone and break through the $96,800 resistance level.
But investors are still cautious, and not being able to go back to $100,000 might confirm worries of a long consolidation or a bigger correction. In the next few weeks, Van de Poppe’s claim that “the bull market hasn’t died, it’s about to start” will be put to the test as Bitcoin tries to break through technical limits and the psychological doubt that has been present in the market since November.
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