Bitcoin breaks through $91,000 ETF capital inflows drive the market into an upward phase

Source: TokenPost Original Title: Bitcoin($BTC) Surpasses $91,000… ETF Capital Inflows Drive a Bullish Trend Original Link:

Bitcoin Breaks $91,000 ETF Capital Inflows Trigger Upward Trend

Bitcoin(BTC) price breaks through $91,000(approximately 131.67 million KRW), continuing its strong momentum. This upward trend is fueled by the catalytic effect of $645.8 million(approximately 9,342 billion KRW) inflows into cryptocurrency spot exchange-traded funds(ETF) on January 2. The market believes Bitcoin has broken out of a long-term consolidation range and entered a new upward phase.

The total cryptocurrency market capitalization is currently about $3.12 trillion(approximately 4,513 trillion KRW), with a daily trading volume of $75 billion(approximately 108.45 trillion KRW). These data indicate that institutional funds are flowing in rapidly, and the market is back on track. The Fear and Greed Index(Fear and Greed Index) stands at 40, quickly recovering from last month’s “Fear” phase. The altcoin season index is at 25, suggesting the current market remains centered around Bitcoin.

Bitcoin Breaks Triangle Pattern, $94,000 Possible

From a technical perspective, Bitcoin shows clear bullish signals. After a month of correction, Bitcoin broke above $89,500(approximately 129.38 million KRW), surpassing the triangle pattern. Currently, Bitcoin is trading near $91,260(approximately 131.99 million KRW), exhibiting a structure of rising lows.

Charts show the 50-day exponential moving average(EMA) crossing above the 100-day EMA, forming a “golden cross.” The Relative Strength Index(RSI) is at 69, not yet in overbought territory. This indicates ample room for further upward movement, with steady buying continuing. The appearance of bullish engulfing patterns and spinning top candlesticks increases the likelihood of further gains after a short-term correction.

The $93,500–$98,000 Range Is Within Reach, Q1 Breakthrough to $100K Possible

If Bitcoin maintains above $89,000(approximately 128.85 million KRW), the next resistance levels are in the $93,500(approximately 135.16 million KRW) to $94,600(approximately 136.8 million KRW) range. Breaking through this zone could smoothly lead to $98,000(approximately 141.7 million KRW).

Conversely, if the closing price falls below $88,400(approximately 127.76 million KRW), short-term selling pressure may emerge. However, considering ETF inflows and gradual institutional participation, the downside should be limited. Notably, Bitcoin’s leading position over altcoins is seen as a structural bull trend rather than short-term speculation.

If this momentum continues, more support exists for Bitcoin to break through the symbolic $100,000(approximately 144.6 million KRW) mark within the first quarter of this year. Factors such as ETF approvals, increased demand, and macroeconomic shifts are collectively pushing digital assets toward a mid- to long-term turning point.

“Maxi Doge”: Not a Short-term Trend but a Sustainable Community-Driven Meme Coin

One of the most notable meme coins this year is “Maxi Doge($MAXI).” This project surpasses simple dogecoin imitation by strengthening its community-driven ecosystem and reward mechanisms to expand its market position. During the presale phase, over $4.4 million(approximately 63.6 billion KRW) was raised, and ongoing activities like ROI contests and community challenges continue to motivate user participation.

The project’s mascot and branding strategy, centered around fitness concepts, are also noteworthy. Particularly, by offering staking functions that provide daily smart contract rewards, it encourages long-term engagement rather than short-term trading. $MAXI is currently priced at about $0.0002765(approximately 0.4 KRW), with the presale phase price set to increase soon.

Market Interpretation

Large inflows from ETF investments in January have become a catalyst for Bitcoin’s rise. Both technical signals and market sentiment support the upward trend, and the previous altcoin market order is being replaced by a new order led by Bitcoin.

Strategy Points

If Bitcoin stays above $89,000, there is room to rise toward the $93,000–$98,000 range. Investors planning to enter the market may consider looking for buying opportunities during corrections.

Terminology Explanation

• EMA(Exponential Moving Average): A moving average that gives more weight to recent prices, sensitive to trend changes
• RSI(Relative Strength Index): A technical indicator measuring buying and selling momentum; above 70 is overbought, below 30 is oversold
• ETF(Exchange-Traded Fund): A fund tracking the underlying asset’s price; Bitcoin ETF provides an indirect investment method, lowering entry barriers for institutions