The post Bitcoin Price Today: Will BTC Price Take Another Pullback Before It Hits $110k? appeared first on Coinpedia Fintech News The cryptocurrency market has added ~1% to its valuation in 24 hours with a trading volume of $96.19 billion. With this, the global crypto market cap is currently valued at $3.51 Trillion. With this, the price of Bitcoin is back around the $100,000 mark, highlighting increased positive influence. With the market sentiments suggesting a bullish outlook, is this a good time to invest in Bitcoin? In this article, we have covered the short-term market sentiment and the possible price of the Bitcoin (BTC) token. BTC Price Retests $100k Mark! The Bitcoin price has successfully regained momentum by recording 7 consecutive days of inflow for the first time since November 2024. Notably, the BTC price has added 1.17% to its valuation in 24 hours and ~6% during the first week of January 2025. TradingView: BTC/USDT Moreover, with a trading volume of $29.147 billion, the BTC price is presently exchanging hands at $99,324.45. Moreover, with a market dominance of 55.9%, it has a market capitalization of $1.959 Trillion, making it the 06th most valued asset in the global market. Bitcoin ETF Update Over the past week, the BTC ETF recorded 2 negative days, 2 positive days, and one neutral day. Reportedly, during this period, Fidelity’s “FBTC” recorded the highest inflow of $275.4 million, followed by Ark’s “ARKB” with $201.5 million. Source: SoSoValue On the negative side, Grayscale’s “GBTC” recorded the highest outflow of $167.2 million, followed by BlackRock’s “IBIT” with $137.5 million. With this, the week concluded with a net flow of +$256 million. BTC Technical Sentiments The Moving Average Convergence Divergence (MACD) shows a rising green histogram in the daily time frame. Moreover, its averages record a bullish convergence, suggesting an increase in the buying-over-selling pressure for the largest cryptocurrency. Moreover, the EMA 50-day constantly acts as a support to the Bitcoin price chart. This highlights a bullish outlook for it this week. How High Will Bitcoin Price Go? If the BTC price reclaims the $100k mark, it will head toward its upper resistance level of $102,000. Maintaining the price at that level could set the stage for it to retest its $105k in the upcoming time. Conversely, if the bears outrun the bulls, the Bitcoin price could drop toward its support level of $98,000. Furthermore, if the bears gain control, the price of BTC could retest its low of $95,000. Wondering if the BTC price will hit $200,000 in 2025? Read CoinPedia’s Bitcoin Price Prediction to uncover the long-term mysteries! FAQs How much is $100 Bitcoin worth right now? With $100, one can buy 0.001 of a single BTC token. What will Bitcoin be worth in 2025? With increased bullish sentiment and adoption process, the BTC price could record a high of ~$170,000 this year. What will one Bitcoin be worth in 2030? Suppose the market favors the bulls, in that case, the price of Bitcoin could surpass $600,000 by 2030. Under an optimistic outlook, the price could surpass the $1 million milestone. Why is Bitcoin price up today? The growing inflow of ETFs and the announcement of Microstrategy and Metaplanet raising billions to increase their BTC reserves has pushed BTC prices up today.
