Bitcoin recently rallied about 4%, showcasing strong demand, despite initial ETF outflows. As of January 3, spot Bitcoin ETF inflows rebounded, indicating investor confidence in an upward trend for Bitcoin. Data from CryptoQuant highlights decreased exchange inflow and miner outflows, further supporting a bullish outlook. If Bitcoin surpasses $100,000, several altcoins could rise significantly. Solana faces resistance around $219, but bullish indicators suggest potential gains if it surpasses that point. Sui has resumed its uptrend, having broken past $4.96, while Internet Computer shows signs of recovery, poised for a possible rise above $14. Ethena is forming a cup-and-handle pattern, indicating a breakout potential above $1.30. Overall, with Bitcoin's movement and altcoins showing mixed trends, the market may experience significant fluctuations depending on Bitcoin's performance above the $100K mark.

Source 🔗