Bitcoin Price Expected to Exceed $99,000 Despite Bearish Trends – Here's Why

Crypto analyst TARA believes that Bitcoin's price will still increase, potentially surpassing $99,300, despite recent bearish trends. She provides insights into the factors driving this prediction and the expected market movements.

Key Takeaways

Analyst TARA predicts Bitcoin may rise to $99,300, despite current bearish signals.
Bitcoin's recent performance has sparked traders' optimism about reaching $100,000.
Spot Bitcoin ETFs have spurred additional demand, contributing to rising prices.
Arthur Hayes, co-founder of BitMEX, attributes potential growth to increasing dollar liquidity.
Current Bitcoin price is approximately $95,300, slightly down in the last 24 hours.

Bitcoin

Bitcoin Price Surge Predicted by Analyst TARA

In a recent post on X, analyst TARA suggested that Bitcoin could reach a price of $99,300 despite producing a bearish candlestick pattern. According to her analysis, BTC aims to hit this price before heading for a deeper retracement, which should not disrupt the significant support level at $90,000. TARA also noted that the retracement levels for Bitcoin will continue to adjust, anticipating a new high of over $97,000 in 2026, with further upward momentum targeting $103,000.

Interestingly, many traders in the crypto community are wagering on Bitcoin surpassing the $99,000 mark and reaching the pivotal psychological threshold of $100,000. Data from Polymarket indicates a 48% likelihood that Bitcoin will achieve a $100,000 price point this month. This optimism follows Bitcoin's recent rally from around $92,000 to above $97,000, bolstered by the earlier release of favorable CPI inflation data.

Bitcoin
Source: Chart from TARA on X

Additionally, Bitcoin ETFs have played a significant role in driving the price up as the year begins. Analyst Eric Balchunas from Bloomberg highlighted that ETFs recorded net inflows of $843 million on January 14, leading to one-week net inflows of $1 billion and $1.5 billion year-to-date. With Bitcoin's price climbing to $97,000 after a period of sideways trading towards the end of last year, Balchunas suggested that buyers might now be overpowering sellers.

Arthur Hayes Foresees Bitcoin Rally Amid Rising Liquidity

In a new blog post, Arthur Hayes, co-founder of BitMEX, predicted that the Bitcoin price may sustain its rally as liquidity in the dollar market increases swiftly. Hayes believes that U.S. President Donald Trump will find additional ways to inject more liquidity into the economy. One of Trump's plans involves lowering mortgage rates, which could incentivize Americans to borrow more.

Hayes also pointed out that the liquidity environment in 2025 did not support crypto portfolios, leading to Bitcoin's lackluster performance during that period. He cautioned market participants against misconstruing the underperformance of Bitcoin in 2025 as indicative of a cyclical bear market, emphasizing that it had always been a liquidity issue.

Furthermore, more liquidity may flow into the market as Trump considers nominating a rate-cut advocate to succeed Fed Chair Jerome Powell. This could result in more significant rate cuts, which would create a favorable environment for both Bitcoin and the broader cryptocurrency market.

As of the latest updates, Bitcoin is trading at approximately $95,300, reflecting a slight decrease in the last 24 hours, according to CoinMarketCap.

Bitcoin
BTC trading at $95,969 on the 1D chart | Source: BTCUSDT on Tradingview.com