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Bitcoin's journey has been nothing short of a rollercoaster, captivating investors and enthusiasts alike.After a period of significant volatility and dips below the $98,000 mark, the flagship cryptocurrency has shown remarkable resilience, bouncing back and reclaiming this crucial price level. Yet, as long as Bitcoin holds above both of them, the medium-term bullish trend remains intact. The 4-Hour Chart. On the 4-hour chart, BTC has recently been trapped inside an ascending channel pattern, which typically signals a local top or slowdown in bullish momentum, especially if broken to the downside.The question on everyone's mind is: can this bullish momentum be sustained? Despite the recent fluctuations in the cryptocurrency market, Bitcoin (BTC) has managed to maintain its bullish momentum, with its price currently hovering aWhile the cryptocurrency market is known for its unpredictable nature, several key indicators suggest that Bitcoin's upward trajectory is far from over.From shrinking exchange reserves signaling decreased selling pressure to the continued influx of capital into US-based spot Bitcoin ETFs, the underlying fundamentals paint a compelling picture of a market poised for further growth.Many analysts are optimistic, and this article will delve into the specific reasons behind this bullish outlook, providing insights into the factors fueling Bitcoin's price surge and exploring what the future might hold for the king of cryptocurrencies as it flirts with the coveted $100,000 milestone.This is more than just price speculation; it's an examination of the forces driving the digital gold rush.

Strong Institutional Inflows Fueling the Fire

One of the most significant drivers of Bitcoin's recent bullishness is the substantial inflow of funds into US-based spot Bitcoin ETFs. Pada 5 Februari saja, lebih dari 17.000 BTC ditarik dari bursa, dengan 15.000 BTC berasal dari Coinbase. Ini menandakan bahwa whales sedang mengakumulasi Bitcoin selama fase koreksi harga ini. Baca juga: 1 Bitcoin (BTC) Berapa Rupiah ()? 2. Dolar AS Melemah, Bitcoin Jadi Lebih MenarikThese investment vehicles have democratized access to Bitcoin, allowing both institutional and retail investors to gain exposure to the cryptocurrency without directly holding it. 4 reasons why Bitcoin remains bullish with BTC price above $98K 15 minutes ago Bitcoin price has recovered from the crash earlier this week to reclaim the $98,000 level, and data suggests that new all-time highs could be around the corner.The impact has been profound.

Since their market debut in the United States on January 11, 2025, these ETFs have attracted a staggering $40 billion in capital.This influx represents a massive wave of demand, effectively reducing the available supply of Bitcoin and putting upward pressure on its price.The ease of investing through these ETFs has opened the door for traditional investors who may have previously been hesitant to navigate the complexities of cryptocurrency exchanges and wallets.

These ETFs have seen about $2.5 billion of inflows over the last two weeks alone, demonstrating the continuing strong appetite for Bitcoin exposure.The presence of major financial institutions offering these products has also lent legitimacy and credibility to the cryptocurrency market, further attracting investment.

Why are these inflows so important?

• Increased Demand: The increased demand for Bitcoin through ETFs directly impacts its price.
• Reduced Supply: ETFs effectively lock up a portion of the Bitcoin supply, making it scarcer.
• Mainstream Adoption: ETFs facilitate easier access to Bitcoin for a wider range of investors.
• Confidence Boost: The involvement of established financial institutions provides a sense of security and confidence to the market.

It's important to note that the performance of these ETFs is closely tied to the price of Bitcoin.As Bitcoin's price rises, these ETFs become more attractive to investors, leading to even greater inflows and a potentially self-reinforcing cycle.

Shrinking Exchange Reserves Indicate Reduced Selling Pressure

Another key indicator of Bitcoin's bullish sentiment is the declining amount of Bitcoin held on cryptocurrency exchanges.When Bitcoin reserves on exchanges decrease, it suggests that investors are moving their holdings off exchanges, often to cold storage or other secure wallets. It remains to be seen whether Bitcoin will hit the $100k mark today or if it will leave investors waiting once again. This is important because predictions of Bitcoin reaching $100k have been circulating for a while, and now that it s trading close to $98k, it feels like it s almost imminent.This implies a long-term investment horizon and a reduced willingness to sell.

The reasoning is simple: if people are holding onto their Bitcoin rather than keeping it readily available for trading, the selling pressure in the market decreases.This scarcity can then lead to price appreciation, especially when coupled with strong demand.

Data from February 5th alone showed over 17,000 BTC withdrawn from exchanges, with 15,000 BTC originating from Coinbase. BTCUSD Bitcoin 4 reasons why Bitcoin remains bullish with BTC price above $98K. Bitcoin price has recovered from the crash earlier this week to reclaim the $98,000 level, and data suggests thatThis massive outflow suggests that large investors, often referred to as ""whales,"" are accumulating Bitcoin during periods of price correction, further reinforcing the bullish narrative.

What does this mean for Bitcoin's price?

• Supply Shock: Reduced exchange reserves can lead to a supply shock, where demand outstrips the available supply, driving prices higher.
• Long-Term Confidence: Investors removing their Bitcoin from exchanges signals a belief in its long-term value and potential for future growth.
• Reduced Volatility: Lower trading volume on exchanges can potentially reduce short-term price volatility, creating a more stable environment for investment.

However, it's essential to monitor the flow of Bitcoin onto exchanges as well.A sudden influx of Bitcoin onto exchanges could indicate a potential sell-off and a shift in market sentiment.Therefore, tracking exchange reserves is an ongoing process that requires constant vigilance.

The Psychological Barrier of $100K: A Self-Fulfilling Prophecy?

The impending breach of the $100,000 level for Bitcoin is not just a technical milestone; it's a psychological one. BTC price has also been boosted by US-based spot Bitcoin ETFs, which have seen about $2.5 billion of inflows over the last two weeks. In fact, these investment products have attracted $40 billion in capital since their market debut in the United States on Jan. 11, 2025.The closer Bitcoin gets to this price point, the more attention it attracts from mainstream media and potential investors who may have been previously on the sidelines.This increased attention can then fuel further demand and propel the price even higher.

Predictions of Bitcoin reaching $100,000 have been circulating for quite some time, and now that it's trading near $98,000, it feels almost inevitable. BTCUSD Bitcoin 4 reasons why Bitcoin remains bullish with BTC price above $98K Bitcoin price has recovered from the crash earlier this week to reclaim the $98,000 level, and data suggests that new all-time highs could be around the corner.This anticipation can create a self-fulfilling prophecy, where investors buy in anticipation of the price reaching $100,000, thereby driving it closer to that target.

However, it's crucial to remember that Bitcoin has faced significant resistance between $98,000 and $100,000. Bitcoin price reclaims $98K, signaling potential bullish trends ahead.Breaking through this barrier will require sustained buying pressure and a continued positive market sentiment.

How does psychology affect Bitcoin's price?

• Fear of Missing Out (FOMO): As Bitcoin's price rises, the fear of missing out on potential gains can drive more people to invest.
• Confirmation Bias: Investors tend to seek out information that confirms their existing beliefs, reinforcing the bullish narrative.
• Herd Mentality: The tendency to follow the crowd can lead to irrational exuberance and price bubbles.

While psychological factors can play a significant role in Bitcoin's price movements, it's essential to maintain a rational and disciplined approach to investing. Bitcoin (BTC) continued its downtrend this week, dropping briefly below $95,600 during the trading day. With a demand zone between $94,300 and $95,800, the crypto asset has exhibited a liquidityAvoid making impulsive decisions based on hype and always conduct thorough research before investing in any cryptocurrency.

Macroeconomic Factors and Bitcoin's Safe Haven Appeal

Beyond the internal dynamics of the cryptocurrency market, macroeconomic factors also contribute to Bitcoin's bullish outlook.In times of economic uncertainty, geopolitical instability, or inflationary pressures, Bitcoin is often viewed as a safe haven asset, similar to gold.

Concerns about inflation, particularly in major economies, have led some investors to seek refuge in Bitcoin as a store of value that is not subject to the same inflationary forces as fiat currencies. Bitcoin price fights to maintain the bullish momentum that propelled it toward all-time highs on Jan. 20, Cointelegraph reports. 4 reasons why Bitcoin remains bullish with BTC price above $98KBitcoin's limited supply of 21 million coins makes it inherently deflationary, which can be attractive during periods of high inflation.

Additionally, a weakening US dollar can also make Bitcoin more attractive to international investors, as it becomes relatively cheaper to purchase. Trade $BTC on WEEX for up to $20k as a welcome bonus and 100% off all maker fees 50% of trading fees using our referral link below: ⬇️⬇️This increased demand from overseas can further contribute to Bitcoin's price appreciation.

How do macroeconomic factors influence Bitcoin?

• Inflation Hedge: Bitcoin's limited supply makes it a potential hedge against inflation.
• Safe Haven Asset: In times of economic uncertainty, investors may flock to Bitcoin as a store of value.
• Dollar Weakness: A weaker US dollar can make Bitcoin more attractive to international investors.

However, it's important to note that Bitcoin's correlation with traditional safe haven assets like gold is not always consistent. Bitcoin price has recovered from the crash earlier this week to reclaim the $98,000 level, and data suggests that new all-time highs may be around the corner. Post Views: 1 ShareBitcoin's price is also influenced by its own unique set of factors, including regulatory developments, technological advancements, and market sentiment. Bitcoin faced significant resistance between $98K and $100K. Shrinking exchange reserves and inflows signaled reduced selling pressure, leaning in favor of long-term bullish sentiment. Bitcoin s [BTC] journey to reclaim the psychological $100K price level has encountered a stiff resistance. At press time, the price hovered near a key pennantTherefore, it's crucial to consider a wide range of factors when assessing Bitcoin's potential as a safe haven asset.

Navigating Potential Risks and Volatility

While the bullish indicators for Bitcoin are compelling, it's crucial to acknowledge the inherent risks and volatility associated with cryptocurrency investing. Bitcoin (BTC) has made several drops below $98,000 since early November 2025 but has been able to reclaim this level, often resulting in rallies to new all-time highs. Bitcoin currently holdsThe cryptocurrency market is still relatively young and unregulated, making it susceptible to sudden price swings and unforeseen events.

Technical analysis suggests that Bitcoin has been trapped inside an ascending channel pattern on the 4-hour chart, which can sometimes signal a local top or slowdown in bullish momentum, especially if broken to the downside.Therefore, it's essential to monitor price action closely and be prepared for potential corrections.

Furthermore, regulatory changes, security breaches, and negative news events can all have a significant impact on Bitcoin's price. Their conviction supports continuing the current bullish trend, making Bitcoin s road to $100,000 more achievable. Bitcoin Soars to $98K. Bitcoin s recent performance has been nothing short of impressive. Earlier today, the cryptocurrency reached an all-time high of $98,340, recording a 4.8% increase over the last 24 hours.Therefore, it's crucial to stay informed about the latest developments in the cryptocurrency industry and to diversify your investment portfolio to mitigate risk.

What are the key risks to consider?

• Volatility: Bitcoin's price can be highly volatile, making it a risky investment.
• Regulation: Regulatory changes could negatively impact Bitcoin's price and adoption.
• Security: Cryptocurrency exchanges and wallets are vulnerable to hacking and theft.
• Market Manipulation: The cryptocurrency market is susceptible to manipulation, which can lead to artificial price swings.

Always remember to invest only what you can afford to lose and to conduct thorough research before investing in any cryptocurrency.Consider consulting with a financial advisor to assess your risk tolerance and investment goals.

Frequently Asked Questions (FAQs) about Bitcoin's Bullish Momentum

Many people have questions about Bitcoin's potential to sustain its bullish momentum above $98,000.Here are some common questions and answers:

Will Bitcoin definitely reach $100,000?

While many indicators suggest a high probability, no one can guarantee that Bitcoin will reach $100,000.The cryptocurrency market is inherently volatile and subject to unforeseen events.However, the current momentum is strong, and the underlying fundamentals are supportive.

What should I do if I'm already invested in Bitcoin?

If you're already invested in Bitcoin, it's essential to review your investment strategy and ensure that it aligns with your risk tolerance and investment goals.Consider taking profits along the way to mitigate risk and rebalance your portfolio if necessary.

Is it too late to invest in Bitcoin?

Whether it's too late to invest in Bitcoin depends on your individual circumstances and investment goals.Bitcoin's price has already appreciated significantly, but it still has the potential for further growth.However, it's crucial to be aware of the risks and to invest only what you can afford to lose.Consider dollar-cost averaging to gradually build your position over time.

Where can I buy Bitcoin?

Bitcoin can be purchased on various cryptocurrency exchanges, such as Coinbase, Binance, Kraken, and others.Choose an exchange that is reputable, secure, and offers the features and services that you need.Always do your research before choosing an exchange and be aware of the fees and risks involved.

Conclusion: A Cautiously Optimistic Outlook for Bitcoin

In conclusion, while the cryptocurrency market remains inherently volatile, several factors suggest that Bitcoin's bullish momentum is likely to continue, at least in the short to medium term.The strong institutional inflows into US-based spot Bitcoin ETFs, the shrinking exchange reserves indicating reduced selling pressure, the psychological impact of approaching the $100,000 milestone, and the macroeconomic factors supporting Bitcoin's safe haven appeal all contribute to a cautiously optimistic outlook.

However, it is essential to remain vigilant, to monitor market developments closely, and to be prepared for potential corrections.Investing in Bitcoin involves risk, and it is crucial to invest responsibly and to diversify your portfolio.As Bitcoin continues its journey towards mainstream adoption, its price is likely to remain volatile, but the long-term potential remains significant.Keep a close eye on the market, stay informed, and make informed decisions based on your own research and risk tolerance.The road to $100,000 may be bumpy, but the potential rewards could be substantial for those who are willing to navigate the risks.