$BTC Update: Are Bulls Still in Control?

Bitcoin is seeing a mild pullback, trading around $95.5K after reaching $97.9K, but the overall market structure remains bullish 📈

💰 Spot ETF inflows remain strong

+$100M on January 15

$58.2B in total cumulative inflows

ETFs now hold 6.58% of Bitcoin’s total market cap

📊 Bitcoin has broken out of an ascending triangle near $94.7K and is currently retesting support — a healthy and typical move during an uptrend.

🔑 Key Levels

Support: mid$95K

Resistance: $96.9K → $97.9K

A breakout above resistance could reignite momentum

🎯 Measured target: ~$108K

This brings $100K firmly back into focus 👀

Short-term consolidation, long-term bullish 🐂

Volatility represents opportunity, not weakness.

BTC

71,624.77

-5.96%