Why Crypto Market Is Going Up Today [Live] Updates, Reasons & Price Action

Bitcoin has pushed above the key $94K resistance, marking its first strong attempt to reclaim this level. While the move is significant, acceptance above $94K is now crucial, as a brief breakout alone isn’t enough. A sustained hold would reduce downside risk near $89K and shift market focus higher, making a move toward $100K more realistic. However, failure to hold above $94K could signal continued range-bound price action and the need for patience.

Bitcoin is consolidating bullishly after a strong impulsive breakout, signaling potential continuation. On the 1-hour chart, BTC/USDT remains above the 7, 25, and 99 EMAs, maintaining a solid bullish structure. The pullback from $96.5K appears corrective, forming a tight bull flag above prior resistance turned support. A long setup is seen between $94,800–$95,200, with targets at $96,500, $97,800, and $99,200. Bullish momentum remains intact above the $94K demand zone.

U.S. spot Bitcoin ETFs recorded strong inflows on Jan. 13 (ET), pulling in a combined $754 million, according to SoSoValue. Fidelity’s FBTC led the surge with the highest single-day inflow of $351 million. Spot Ethereum ETFs also saw healthy demand, posting $130 million in net inflows. Meanwhile, Solana spot ETFs attracted $5.91 million, while XRP spot ETFs logged $12.98 million, signaling broad-based institutional interest across major crypto assets.