Bitcoin price prediction: BTC eyes $100,000 as spot ETF inflows drive price rally
Bitcoin opened Thursday’s European session near $96,200 after slipping from Wednesday’s intraday high of $98,000. That peak marked the fourth consecutive day of gains, but the momentum faded as profit-taking dragged the price lower during the late New York and early Asian sessions. Price action has since consolidated just above the 100-day EMA, which is currently cushioning the pullback and offering a near-term anchor point for bullish structure.
Highlights
- Bitcoin pulls back from $98,000 as price holds just above 100-day EMA
- ETF inflows hit $843.6 million as IBIT and FBTC lead accumulation
- $96,000 support must hold to maintain breakout path toward $100,000 round number
Wednesday’s rally was especially notable for its trading volume. Data showed it was the highest daily volume recorded since November 2025. More significantly, the move saw Bitcoin break above the 100-day EMA for the first time in over two months. This technical shift has reset short-term positioning and triggered aggressive reallocation from trend-following traders watching the broader moving average structure.

Bitcoin price dynamics (Jan 2026). Source: TradingView
Beneath the surface, the driving force behind the rally has been institutional inflows into Bitcoin ETFs. According to SoSoValue, U.S. spot Bitcoin ETFs saw net inflows of $843.6 million on Wednesday. That figure surpassed Tuesday’s already elevated level of $754 million and marked the highest daily total since early October. Over three days, net capital into Bitcoin ETFs has reached $1.71 billion.
Bitcoin ETFs record $1.71B inflow over 3 days, led by BlackRock and Fidelity
Eight of the twelve active spot ETFs reported net inflows, led by BlackRock’s IBIT, which pulled in $648 million. Fidelity’s FBTC followed at $125.4 million, and ARK’s ARKB added another $27 million. Flows were also positive for offerings from Grayscale, Bitwise, VanEck, Valkyrie, and Franklin Templeton. Analysts interpret these flows as a resumption of institutional accumulation after December’s year-end rebalancing phase. The scale of the inflows suggests investors are now front-running expected upside and preparing for a key breakout.
From a structural perspective, the 100-day EMA at $96,000 is serving as the nearest decision zone. Holding above this level preserves the bullish breakout and keeps price action aligned for a retest of the psychological $100,000 level. That round number target is increasingly being mentioned by analysts as a short-term magnet. Wednesday’s move has opened a technically clean path toward that zone if support holds.
100-day EMA near $96,000 remains a key zone for bullish continuation toward $100k
If Bitcoin fails to stay above the 100-day EMA, then the next logical support lies at $94,649, which coincides with the December high. A break below that level exposes a potential pullback toward the fair value gap between $94,000 and $92,000. That zone would likely attract buy-side interest from traders waiting for retracement entries into a broader bullish thesis.
Forecasts hinge on how price behaves around the 100-day EMA over the coming sessions. A firm hold followed by renewed volume expansion would reinforce the argument for a continuation toward $100,000. ETF inflows suggest the market is increasingly liquid on the buy side, giving bullish projections fundamental backing.
On the other hand, a daily close below $94,649 would reset the technical bias in favor of a short-term correction. While the broader trend remains upward, failure to hold recent gains could prompt a deeper flush before buyers regain control.
In recent analysis, we discussed how Bitcoin held near $95,000 after a CPI-driven breakout lifted price to a nine-week high. ETF inflows surged to $753 million as institutions increased exposure following the inflation slowdown.
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