Bitcoin Market Outlook: Will BTC Soon Regain the $100K Level?

Since Donald Trump took office as president, expectations for a surge in the cryptocurrency market have increased sharply. However, the slow movement of Bitcoin and the inability to regain the level above $100,000 has raised concerns among investors. With over 26,000 BTC options worth about $2.54 billion expiring today - with a maximum pain point of around $100,000 - the $BTC price is expected to experience increased volatility in the coming hours. ETF volume and capital outflows: What do they indicate Despite the excitement surrounding Bitcoin, the volume of ETFs has seen a decline, with outflows exceeding inflows. This could indicate market instability. However, a contrasting trend emerges from centralized exchanges, where significant outflows of Bitcoin show a strong bullish sentiment. According to data from Glassnode, over 170,000 BTC were withdrawn from centralized exchanges in just one day, marking one of the most significant outflows since April 2024.

This trend is widely understood as a price increase signal, as large (whales) seem to be accumulating instead of selling. The fact that major investors are holding onto Bitcoin shows confidence in the long-term price trajectory, reinforcing the belief that BTC has not yet reached the market peak. Such accumulation behavior could pave the way for a stronger price increase in the near future. Technical Analysis: Can BTC break the $100,000 mark?

After the recent pullback, Bitcoin has struggled to overcome the main resistance zone between $98,612 and $99,500. In the past few days, this consolidation phase has shown signs of weakness in the upward momentum. Chaikin Money Flow (CMF): The decrease of CMF indicates weakening buying pressure, suggesting that the selling side may be controlling the price trend. Relative Strength Index (RSI): On the other hand, the divergent price increase in RSI suggests an upcoming recovery. This indicates that although the price is temporarily weak, Bitcoin may be preparing for another price increase. Key Support and Resistance Levels Bitcoin continues to maintain its upward price structure as long as the key support level at $95,000 is held. A break below this level could see BTC testing the support level near $92,000, with a potential reversal expected at around $91,500. However, the likelihood of dropping below $90,000 seems low unless selling pressure increases significantly. Market Outlook: What's next for BTC? With current data on the chain, institutional accumulation and historical price behavior, Bitcoin could soon make another push to surpass the $100,000 level. The upcoming expiration of BTC options could cause additional market volatility, creating both risk and opportunity for traders. Investors should keep a close eye on key levels, whale activity, and ETF cash flows. If Bitcoin successfully regains the $100,000 mark with strong buying support, it could pave the way for new record highs. However, failure to sustain the resistance level may lead to further consolidation before the next breakout attempt.