On January 22, Bitcoin (BTC) approached new all-time highs but faces potential short-term declines, with $100,000 being a critical support level. Keith Alan from Material Indicators highlights that the removal of bid liquidity at this level opens the possibility for a retest. Market analysts note that a daily close above $106,000 could pave the way for reaching new all-time highs. Rekt Capital mentions that the current trading range is between $101,000 and $106,000, which has been a point of consolidation. Other traders, including Daan Crypto Trades, suggest waiting for clearer signals before entering trades, particularly above $108,000 for price discovery. Additionally, some analysts point to key technical levels, including a point of control around $103,000, indicating a bullish market continuation. Overall, the outlook remains cautiously optimistic as Bitcoin navigates these significant price thresholds.

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