Crypto expert TARA has forecasted that Bitcoin’s value is set to climb, despite recent bearish indicators emerging in the market. She explained the reasons behind why this leading cryptocurrency might hit a new high and what could unfold once it reaches her predicted price point.
Bitcoin Expected to Surge Towards $99,000, Says Analyst
In a recent post on X, TARA expressed confidence that Bitcoin will rise to approximately $99,300 even though current candlestick patterns suggest downward pressure. She emphasized that BTC aims to reach this target before experiencing a deeper pullback—one designed not to breach the crucial support level near $90,000. Additionally, she noted that BTC’s retracement levels are likely to be recalibrated with an anticipated 2026 peak surpassing $97,000 and intermediate subwaves progressing toward an ultimate goal of around $103,000.
Interestingly enough, many crypto traders are wagering on Bitcoin breaking through the $99K barrier and hitting the psychologically significant milestone of $100K soon. Data from Polymarket indicates there is roughly a 48% probability of BTC reaching this six-figure mark within the current month. This optimism follows Bitcoin’s recent jump from about $92K up past $97K after softer-than-expected CPI inflation figures were released earlier in the week.
The introduction of spot Bitcoin ETFs has also played a role in fueling early-year gains for BTC. Bloomberg analyst Eric Balchunas shared via X that these ETFs saw net inflows totaling approximately $843 million on January 14 alone and have accumulated net inflows exceeding one billion dollars over just one week—and about 1.5 billion year-to-date so far. With BTC rallying towards nearly $97K after some sideways movement late last year, Balchunas suggested buyers may now be overpowering sellers in this phase.
Arthur Hayes Links Rising Liquidity To Continued Bitcoin Rally
BitMEX co-founder Arthur Hayes recently discussed in his blog how increasing dollar liquidity could sustain Bitcoin’s upward momentum moving forward. He anticipates more liquidity entering markets as U.S. President Donald Trump explores additional measures aimed at injecting cash into the economy—such as plans focused on lowering mortgage rates which would encourage increased borrowing among Americans.
Hayes pointed out that insufficient liquidity during 2025 was responsible for crypto assets’ underperformance back then—not cyclical bear market dynamics as some analysts had claimed—and advised investors against misinterpreting those past results.
The potential appointment by Trump of a rate-cut supporter as Federal Reserve Chair replacing Jerome Powell might further boost liquidity by enabling larger interest rate reductions—a scenario favorable for both Bitcoin prices and broader cryptocurrency markets alike.
Currently (at time of writing), data from CoinMarketCap shows bitcoin trading near approximately US$95,300 with slight declines observed over the previous day.
Image credit: Pixabay | Chart source: Tradingview.com