Bitcoin\u2019s price could be heading for the psychological $100,000 level after breaking above $95,000 on Tuesday, with analysts attributing the recent rally to a surge in spot buying.\u00a0<\/p>\n
\u201cSeems like this rally on Bitcoin is led by spot buying,\u201d crypto analyst Will Clemente said<\/a> in an X post on Tuesday. Over the past 24 hours, Bitcoin (BTC<\/a>) has rallied 4.65%, trading at $95,190 at the time of publication, according<\/a> to CoinMarketCap.\u00a0<\/p>\n Traders shorting the asset were caught offside, with $269.21 million in Bitcoin short positions liquidated, according<\/a> to CoinGlass data.<\/p>\n It is a bullish sign for Bitcoin (BTC<\/a>) holders as spot buying means investors are buying the underlying asset itself, rather than paper contracts like Bitcoin futures or options, which can inflate prices without real demand.<\/p>\n MN Trading Capital Micha\u00ebl van de Poppe said<\/a> in an X post on Tuesday that it is \u201cquite clear that this is going to run to $100K in the coming week and that dips are for buying.\u201d\u00a0<\/p>\n Bitcoin has failed to reclaim the $100,000 level after falling below it on Nov. 13 last year.\u00a0<\/p>\n According<\/a> to crypto prediction markets platform Polymarket, Bitcoin has 51% odds of reclaiming $100,000 by Feb. 1 and a 23% chance of reaching $105,000.\u00a0<\/p>\n Historically, January has been a modest month for Bitcoin, averaging a 4.18% gain since 2013, while February has typically been much stronger, delivering an average return of 13.12%.<\/p>\n Van de Poppe added, \u201cthe bull market hasn’t died, it\u2019s about to start.\u201d\u00a0<\/p>\n If Bitcoin returns to the six-figure price level, it could spark new excitement across the market, according to crypto sentiment platform Santiment.<\/p>\n \u201cThere will likely be retail FOMO creeping in if crypto\u2019s top asset begins teasing $100K in the next few days, ” Santiment said<\/a> in an X post on Tuesday.<\/p>\n Related: <\/strong><\/em>Bitcoin shrugs off CLARITY Act delay by rallying above $93K<\/strong><\/em><\/a><\/p>\n Crypto sentiment has been largely negative since early November, following the significant $19 billion market liquidation on Oct. 10.\u00a0<\/p>\n The Crypto Fear & Greed Index has bounced between \u201cfear\u201d and \u201cextreme fear\u201d over this period. On Wednesday, the index posted<\/a> a \u201cfear\u201c score of 26.<\/p>\n Magazine: <\/strong><\/em>Big questions: Would Bitcoin survive a 10-year power outage?<\/strong><\/em><\/a><\/p>\n <\/template><\/div>\n Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https:\/\/cointelegraph.com\/editorial-policy<\/a><\/p>\n![\"bitcoins\"](\"https:\/\/s3.cointelegraph.com\/uploads\/2026-01\/019bba38-63ce-799a-9a0d-09e5a61543a4.png\")
Bitcoins \u201cQuite clear\u201d Bitcoin is going to run to $100,000<\/h2>\n
Bitcoins Crypto sentiment at extreme lows for over two months<\/h2>\n