Bitcoin’s $99K Rally: A Tale of Candlesticks, Trump, and ETFs 🤑✨

Ah, the fickle dance of Bitcoin, that digital darling of the damned and the divine! Crypto analyst TARA, with a flourish of her chart-wielding hand, declares that the Bitcoin price shall ascend to the giddy heights of $99,300, despite the bearish whispers that flutter through the market like bats at twilight. 🦇✨ She, with the precision of a Wildean wit, notes that BTC yearns to kiss this price before retreating, lest it shatter the sacred support at $90,000. How dramatic! How utterly necessary!

The $99,000 Mirage: A Crypto Odyssey

In an X post-that modern-day salon of the absurd-TARA opines that Bitcoin, like a wayward aristocrat, insists on reaching $99,300, even as it paints a bearish candlestick. Oh, the irony! The retracement levels, she adds, shall be adjusted with the whimsy of a playwright, with a new 2026 high above $97,000, and subwaves that lead to the grand finale at $103,000. Bravo! Encore! 👏🎭

Meanwhile, the crypto traders-those gamblers of the digital realm-are placing their bets on Bitcoin rallying past $99,000, perhaps even reaching the psychological pinnacle of $100,000. Polymarket, that oracle of odds, gives it a 48% chance this month. How thrilling! How utterly Wildean! 🤑💫

Bitcoin Chart from TARA

The spot Bitcoin ETFs, those nouveau riche of the financial world, have also played their part in this grand ascent. Bloomberg’s Eric Balchunas notes that ETFs recorded net inflows of $843 million on January 14, with 1-week net inflows of $1 billion and $1.5 billion year-to-date. Ah, the buyers! They have exhausted the sellers, much like a witty repartee exhausts a dull conversation. 🥂💰

Arthur Hayes and the Liquidity of Dreams

Enter Arthur Hayes, the BitMEX co-founder, with predictions as bold as a Wildean epigram. He foresees Bitcoin sustaining its rally as dollar liquidity swells, thanks to the machinations of U.S. President Donald Trump. Trump, that maestro of monetary injection, plans to lower mortgage rates, encouraging Americans to borrow more. How delightfully reckless! 🏦💸

Hayes also reminds us that 2025’s liquidity was as scarce as a sincere compliment at a society dinner, hence Bitcoin’s underperformance. “Do not mistake it for a bear market,” he warns, “it was always a liquidity story.” How astute! How utterly Wilde! 🧐📉

And what of the future? More liquidity may flow as Trump nominates a rate-cut advocate to replace Fed Chair Jerome Powell. Larger rate cuts, Hayes suggests, would be bullish for Bitcoin and the broader crypto market. Ah, the drama! The intrigue! 🎭💹

As we speak, Bitcoin trades at $95,300, a slight dip in the last 24 hours, according to CoinMarketCap. But fear not, dear reader, for in the world of crypto, as in the world of Wilde, the only thing certain is uncertainty. And how delightful that is! 🌪️✨

Bitcoin Price Chart

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2026-01-16 23:12