Bitcoin has shown remarkable resilience in the face of a potential downturn, surpassing $97,330 just an hour after the year’s final options expiry. Over $14.2 billion worth of Bitcoin options expired, with the danger of a substantial market correction below $85,000. Nevertheless, Bitcoin managed to remain steady, with data from the Cointelegraph Markets Pro indicating its robust price above the anticipated threat level.
Furthermore, Bitcoin is projected to potentially reach a high exceeding $110,000 in January, as it aligns with the global liquidity index. This comes amidst discussions anticipating further corrections.
On December 26, U.S. spot Bitcoin exchange-traded funds (ETFs) reversed a four-day negative trend, receiving a substantial $475 million in net inflows. These ETFs played a crucial role in Bitcoin’s surge throughout 2024, comprising approximately 75% of new investments and driving its price past $50,000 by mid-February.
As market activity resumes post-Christmas, analysts anticipate increased liquidity could propel Bitcoin’s value above $105,000. Experts remain optimistic about Bitcoin’s 2025 outlook, with predictions of a significant rally potentially reaching as high as $160,000, driven by favorable macroeconomic conditions and financial policies in the U.S.
Meanwhile, market observers highlight potential resistance around the $98,000 mark, with the possible liquidation of over $885 million in leveraged short positions if Bitcoin were to surpass this threshold. As institutional liquidity returns, especially in the form of ETF inflows, this might provide further upward momentum for Bitcoin.
