Bitcoin today strongly broke through the $96,000 mark, reaching a high of $97,694 at one point, creating a new high in nearly two months. The 24-hour increase was 1.8%, demonstrating strong upward momentum.



From a technical perspective, the RSI indicator is around 53.5, in the middle range, and the EMA moving averages show a clear bullish alignment, which is favorable for bulls. The key support level is set at $95,250; a break below this will test lower support levels. Resistance is around $98,000; if this level can be effectively broken through, it will further open up upward space.

Market sentiment also shows positive signals. Spot ETF products saw a net inflow of over $750 million yesterday, with institutional investors showing high enthusiasm. MicroStrategy is even more bullish, adding 13,600 BTC to continue expanding its Bitcoin reserves.
BTC0,04%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Repost
  • Share
Comment
0/400
Gm_Gn_Merchantvip
· 01-18 00:06
Institutions are really aggressive this time, MicroStrategy is adding to their position again... Feels like it's not far from 100,000 --- ETF inflows are so strong? Does anyone really believe in this wave? --- It's already 96,000. Why am I still just paper wealth... --- If it can't break 98k, it will dip, betting to see 100,000 within a month --- RSI is only 53.5? That's just the beginning, there's still room to grow --- MicroStrategy folks are really optimistic, unlike us retail investors who are hesitating for so long --- Once it breaks resistance, it will head straight to 100k, betting on my pocket money --- Support level at 95,250, dropping to this level is a good opportunity to buy on dips --- $750 million inflow... Institutions are really betting on Bitcoin's next move --- It went up again, and I regret not holding a bit more
View OriginalReply0
metaverse_hermitvip
· 01-16 20:28
Is it already breaking 96,000? MicroStrategy and those guys are really racing us to accumulate coins. Brothers, don't chase the high; 98k is the real test. This wave of ETF net inflows is a bit fierce, feels like institutions are bottom fishing. Once it breaks through, don't get reckless; if we can't hold the 95k line, it's over. Feels like this time we're really about to break 100,000? Or is another waterfall coming? MicroStrategy is adding 13,600 more? These guys are serious. Once again, the technicals are perfect, just worried about a sudden dip overnight, brothers. It broke a new high, but I still feel a bit scared; history tends to repeat itself. Institutions are entering so aggressively, do they know some insider info? Haven't seen such strong momentum in 18 months, feeling a bit uneasy.
View OriginalReply0
MaticHoleFillervip
· 01-16 01:53
Institutions are all hoarding frantically, what are retail investors still hesitating about?
View OriginalReply0
FlatlineTradervip
· 01-15 13:56
98,000 within reach, institutions are really bottom-fishing in this wave
View OriginalReply0
OfflineValidatorvip
· 01-15 13:49
Did Elon Musk buy Bitcoin again? Why does it feel like institutions are continuously accumulating? --- 98k seems unable to break, it might need adjustment. Don't be too greedy. --- MicroStrategy's recent moves are really aggressive. There are truly no issues with the Bitcoin ecosystem. --- It's another rally driven by ETF net inflows. Can this momentum continue? --- Starting at 97k, rushing to write new highs? I’ve calculated, and it’s still early. --- Funds are flowing in continuously. The bullish pattern has indeed been established. --- If it falls below 95k, I will go all-in. This support level has no suspense. --- It seems the person writing this is trying to be optimistic. RSI at 53 in the middle position really has little reference value. --- 98k is just a paper tiger. If it can't break through, it will continue to oscillate. --- Institutions have been actively bottom-fishing during this period. Retail investors are still hesitating.
View OriginalReply0
WagmiWarriorvip
· 01-15 13:49
This wave of institutions is really stacking chips, Microstrategy keeps buying and buying.
View OriginalReply0
DegenMcsleeplessvip
· 01-15 13:49
97,694? Almost at 100,000 again. Can we break it this time, hodlers? --- MSTR is stockpiling again. These institutions are serious. --- Breaking 98K and then taking off. It's that simple. --- ETF is adding funds again. Retail investors, what are you hesitating for? --- This rally is a bit sluggish. I want something more exciting. --- Support at 95.25. Not falling below that means it's genuinely strong. --- Institutions are all bottom-fishing. What am I still playing at? --- RSI is in the middle. No problem continuing upward. --- This wave of growth is steady, no FOMO feeling. --- MicroStrategy is buying, buying, buying. I need to catch up with the rhythm.
View OriginalReply0
DaisyUnicornvip
· 01-15 13:42
96,000... Starting to pick flowers again. This time, the flowers are quite sturdy, and the EMAs are arranged very neatly. It feels like we're approaching that 98k hurdle again. Shall we bet 0.5 yuan that we can take it all in one go?
View OriginalReply0
AirdropHunter420vip
· 01-15 13:37
Oh no, it's surging again. Is 98k really no problem... --- MicroStrategy's move is truly cunning, still疯狂 accumulating coins. I just want to see when institutions will finally run. --- RSI is only 53.5? Feels like it hasn't truly started yet. --- Is the $750 million net inflow real, or is this another "false prosperity"? --- Breaking 98k is the real win. Calling a new high now is a bit too early, isn't it? --- Damn, got trapped again. Just entered at 9.5 and it jumped down. Who can guess the direction this time? --- Wait, did MicroStrategy really accumulate another 13,600 coins? These institutions really don't believe in evil. --- A bullish arrangement is a common trick to deceive retail investors, don't believe it. --- It would only count if it stays above 96k steadily. Every rebound is getting boring. --- Such a strong net inflow into spot ETFs? Are they about to push prices up again and then run?
View OriginalReply0
gas_fee_therapyvip
· 01-15 13:35
Seeing the 98K again, can it break this time... Really can't rush MicroStrategy is going crazy, 13,600 coins? I wouldn't even care about 0.01 ETF's net inflow is skyrocketing this wave, institutions are really bottom-fishing Support at 95,250, feels risky, should I reduce my position for safety A bullish arrangement is a bullish arrangement, just worried about a sudden dip overnight
View OriginalReply0
View More
  • Pin