The cryptocurrency market remains on edge as Bitcoin (BTC) flirts with the $100,000 mark. After an intraday gain of 2.25%, BTC is currently trading at $99,174, reflecting increased volatility amid weakening institutional support. As Bitcoin’s price trend stays positive, investors wonder: Will BTC sustain its uptrend or dip back to the $90,000 level?
Bitcoin’s Technical Outlook: Can Bulls Regain Control?
Bitcoin’s price action continues to exhibit bullish resilience, bouncing off the $91,530 level in the daily chart. Despite touching a 24-hour high of $102,569, BTC has struggled to hold above $100,000. Nonetheless, the super trend indicator suggests a sustained bullish momentum, hinting at a potential retest of the $108,000 supply zone.

While Bitcoin’s price trajectory remains promising, the trend strength index has entered negative territory, signaling a potential slowdown. This raises concerns about whether BTC can maintain its rally or face another sharp pullback.
Institutional Inflows Decline: A Cause for Concern?
Despite Bitcoin’s technical strength, institutional interest has waned. U.S. spot Bitcoin ETFs recorded a total net outflow of $234.54 million on February 3, indicating cautious sentiment among major players. Fidelity led the sell-off, offloading $177.64 million worth of BTC, followed by ARK and 21Shares, which recorded outflows of $50.75 million. Even VanEck and Bitwise saw withdrawals of $8.63 million and $5.54 million, respectively. The only ETF fund recording inflows was Grayscale’s GBTC, with a modest $8.02 million purchase.

This decline in institutional inflows suggests a risk-off approach, potentially limiting Bitcoin’s ability to break higher resistance levels in the short term.
Will Bitcoin Rally Past $108K?
Bitcoin’s lower price rejection and repeated recovery above $100,000 signal continued bullish intent. If momentum sustains, BTC could challenge the $108,000 supply zone. A breakout above this level may push BTC toward $112,000 and even $122,000.
Conversely, Bitcoin’s key support levels remain at $95,000 and $93,500. If selling pressure intensifies, BTC could slip toward these zones before any renewed rally.
Also Read: US-China Trade War Escalates: Crypto Markets React to New Tariffs, Bitcoin Holds Steady Near $100K
As volatility persists, traders remain watchful of Bitcoin’s next move in this high-stakes price battle.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.