Bitcoin could retest $108,000 in January with a boost from ETFs

The crypto market starts 2025 with muted expectations, especially for Bitcoin. Historically, monthly asset returns in the years following the halving have varied between -0.04% and +14.51%. Despite the limited sample, previous patterns indicate optimism for January, with projections for a rise of up to 11%, which could lead Bitcoin to retest its price. 108 thousand dollars later this month.

Bitcoin ETFs started the year strong, gaining over $1.7 billion in positive flows during the first three trading days. This move strengthened Bitcoin’s valuation on January 6. In the futures market, liquidations represented only 5% of ETF volume, indicating that the SPOT market dominates price formation, reinforcing the sustainability of the increase.

In technical analysis, Bitcoin maintains its parabolic uptrend supports at $97,369 (weekly closes) and $88,570 (daily closes). Goals designed forpoint to $108,000 and $121,000 in the first trimester.

Trading viewTrading view
Source: TradingView

Important triggers include the above closures 102 thousand dollars for bullish resumption and final support 80 thousand dollars in case of short consolidation.

🔔 Join our WhatsApp group and stay informed.

In the altcoin scenario, the dominance indicator is at moderate risk, which favors a more balanced move between Bitcoin and altcoins. However, pullbacks in altcoins are natural in Bitcoin bull cycles. The Fear & Greed indicator has been in the greed zone since January 3, reflecting the growing optimism in the market.

Receive a welcome bonus of R$100. Create your account with the best cryptocurrency broker made for professional traders. Visit: bybit.com

Source: Live Coins

follow:
\