Bitcoin experienced a brief increase to $102,180 on January 6, after ETF inflows reached $978.6 million. However, prices fell sharply on January 7, as many traders anticipated a retest of the $100,000 level. Despite these fluctuations, significant accumulation behavior was noted among Binance investors, as the 14-day simple moving average turned negative, which historically precedes bullish trends. A report highlighted that Bitcoin outflows from Binance reached a record 5,407 BTC over the month, indicating a shift towards accumulation. Additionally, US retail investors showed renewed buying interest, as suggested by the Coinbase premium index crossing a key signal threshold. For Bitcoin to sustain its bullish momentum, it is crucial for it to hold the $98,000 level, with market analysts suggesting that a close above this range could lead to new all-time highs. The price movement between $98,000 and $102,000 reflects trader positioning in liquidity pools, with observations indicating potential for upward movement if certain support levels are maintained.

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