Bitcoin has experienced a remarkable resurgence, climbing past $97,000 amidst an optimistic market outlook. This surge is further fueled by significant inflows into Bitcoin ETFs.
The cryptocurrency’s recent ascent has sparked excitement among investors as they anticipate a potential breakthrough at the critical psychological threshold of $100,000.
According to analysts, the broader cryptocurrency market is poised for further upward momentum. Factors such as fiat currency devaluation and strong institutional investment are driving this renewed interest in digital assets.
However, investors remain cautious due to prevailing macroeconomic conditions. Recent US inflation data revealed that the Producer Price Index (PPI) increased by 3% in November—the highest level since July—creating a potentially mixed environment for price fluctuations. Analysts suggest that if Bitcoin can surpass the $100k mark, it would signify an important milestone.
Bitcoin Soars to $97k
The stock market saw gains following the release of US consumer price index data on Tuesday, with Bitcoin capitalizing on this risk-on sentiment and rising from $93,000 to reach peaks of $97,360.
Despite Wall Street experiencing some losses afterward—particularly in banking and tech sectors—BTC continued its upward trajectory.
This over 4% increase in BTC indicates a strong risk-on sentiment that also benefited alternative cryptocurrencies like Ethereum, XRP, and Solana.
An analysis of current charts reveals that Bitcoin is encountering resistance around the range of $97,000-$97,500; however, these gains represent a notable recovery from earlier January prices hovering near the low $90k area.
This advancement places BTC above the crucial resistance level of $95k—a barrier that had restricted growth since November 2025—as noted by analysts at QCP Group via X platform.
1/QCP Asia Colour – January 14th 2026
“We’re going up! It’s our time!” “Goldilocks still holds: US employment appears stable while inflation remains controlled. Risk appetite has returned across various asset classes including equities and precious metals alongside crypto.”– QCP (@QCPgroup) January 14th 2026
The QCP team anticipates sustained strength for Bitcoin as it may draw investor interest away from traditional safe-haven assets. The latest CPI figures reflect stability aligning with moderated inflation expectations which create favorable conditions for riskier investments like cryptocurrencies.
Bulls Targeting The Significant Milestone Of $100K Amid ETF Inflows
Despite facing considerable challenges ahead , overall market dynamics indicate potential for continued upward movement . Technical indicators reveal bullish trends supported by increasing trading volumes fueling this rally .
Recent advancements have been significantly enhanced due to substantial inflows into U.S spot bitcoin ETFs . As highlighted by senior Bloomberg ETF analyst Eric Balchunas , these funds recorded over $760 million worth flows within just one day !
“Bitcoin ETFs had A Big Day with $760m in flows . They needed it ; started year real strong , dipped but now made up ground , YTD above water … Check out YTD flows everyone seeing action (this was like when ten kids my eighth-grade basketball team scored during game last night ) you love … pic.twitter.com / xeHw6EfBrS “
— Eric Balchunas (@EricBalchunas) January fourteen th twenty twenty-six
The revival follows significant redemptions witnessed late last year & early this year.
Current momentum paints an optimistic picture indicating growing institutional confidence as BTC approaches reaching new heights nearing ($100K).