Bitcoin Approaching $100K: Analysts Predict Renewed Retail FOMO

Bitcoin surged past $95,000 on Tuesday, attracting interest from traders and analysts who believe that actual purchases of the cryptocurrency, rather than speculative bets on derivatives, are propelling this rise. As of the latest data from Coingecko, Bitcoin was trading at $95,250, marking a 4.5% increase within 24 hours. Notably, approximately $269 million in Bitcoin short positions were liquidated during this timeframe, contributing to the upward movement.

Key Takeaways

Bitcoin surged past $95,000 due to actual spot buying rather than speculative trades.
Approximately $269 million in short positions were liquidated, contributing to the increase.
Analysts predict a 51% chance Bitcoin could hit $100,000 by February 1.
Historical trends indicate a potentially strong February for Bitcoin following a modest January.
Retail FOMO may re-emerge, influencing market dynamics as Bitcoin approaches significant resistance levels.

Bitcoin

Unpacking the Driving Forces Behind Bitcoin's Rise

Several market analysts suggest that spot buying is the primary driver of this surge. Crypto analyst Will Clemente shared insights on social media, highlighting that this rally seems to be “led by spot buying,” which indicates a direct demand for Bitcoin, rather than mere speculation through futures or options contracts. Short sellers faced significant losses as their positions were liquidated amidst rising prices, providing additional momentum.

"It appears this rally in Bitcoin is driven by spot purchases while being mitigated by perpetual swaps as funding rates turn negative. The open interest is rising alongside one of the highest spot volumes seen in recent days."
— Will (@WClementeIII) January 13, 2026

Spot Buying Data

Predictions for Bitcoin Reaching $100K

Some traders are forecasting a swift ascent toward six figures, suggesting it is increasingly likely that Bitcoin will hit the $100,000 mark within the upcoming weeks. Current data from prediction markets like Polymarket shows that there is about a 51% chance Bitcoin will touch $100,000 by February 1, along with a 23% chance for a $105,000 milestone. The last time Bitcoin fell below $100,000 was on November 13, establishing a resistance level that traders hope to surpass.

BTCUSD Trading Data BTCUSD is trading at $94,966. Chart: TradingView

Historically, Bitcoin shows modest gains in January—with an average increase of around 4% since 2013—while February tends to provide stronger returns, averaging 13%. Although past performance does not guarantee future outcomes, it offers traders valuable context regarding market behaviors.

Traders are currently eyeing the $90,000 level as critical support as Bitcoin crosses through $95,000, with upcoming U.S. inflation data poised to influence expectations regarding interest rate adjustments. Safe-haven demand has also played a role, amid geopolitical tensions and concerns over central bank policies impacting global markets. Current price movements indicate that the market is tightly contained, with analysts suggesting a breakout is imminent.

"🚀 Bitcoin, Ethereum, and other cryptocurrencies are rebounding. Bitcoin has just reclaimed $94K, and if it edges closer to $100K in the following days, we could see a wave of retail FOMO return."
— Santiment (@santimentfeed) January 13, 2026

In summary, the cryptocurrency market appears to be reacting positively, fueled by a growing sense of urgency among everyday investors. If renewed interest around the $100K mark gains momentum, it could lead to significant buying activity, quickly driving prices higher. However, traders should be cautious, as sudden macroeconomic shifts or a loss of momentum could challenge bullish sentiments.