Bitcoin Jumps Above $96K as U.S. Stocks Lose $650B — Is $100K Next?

Bitcoin surged past $96,000 on January 14, reaching $97,307 as U.S. equities shed more than $650 billion in market value over the past week. The cryptocurrency gained over 3% in 24 hours and 7% on the weekly timeframe. Trading volume spiked 65% to $68.44 billion, pushing Bitcoin’s total market cap to $1.92 trillion.

The rally triggered a wave of short liquidations across derivatives markets. Over $700 million in leveraged short positions was liquidated within 24 hours. An additional $1 billion in shorts faced liquidation risk above the $97,100 level. Bitcoin briefly crossed $97,000 for the first time since November 14.

Meanwhile, major U.S. stock indices recorded significant weekly losses. The Nasdaq fell 1.40%, while the Dow Jones dropped 1.21% and the S&P 500 declined by 1%. The divergence between crypto and traditional markets has drawn increased attention from institutional investors.

The broader cryptocurrency market added $190 billion in 24 hours. Bitcoin led the surge, contributing $130 billion to the total gains. The asset remains 23% below its all-time high of $126,000.

Bitcoin ETF Flows and Regulatory Momentum Shape Near-Term BTC Outlook

According to Lookonchain, Bitcoin ETFs recorded substantial inflows on the daily scale. Net flows reached +8,933 BTC, valued at approximately $849.92 million. BlackRock’s IBIT ETF saw +1,338 BTC in net inflows, while Grayscale added +749 BTC.

However, the seven-day picture showed net outflows of 4,740 BTC, worth roughly $450.93 million. BlackRock recorded -5,946 BTC in weekly outflows. Grayscale posted -1,601 BTC in net outflows over the same period.

Jan 14 Update:#Bitcoin ETFs:
1D NetFlow: +8,933 $BTC(+$849.92M)🟢
7D NetFlow: -4,740 $BTC(-$450.93M)🔴#Ethereum ETFs:
1D NetFlow: +54,952 $ETH(+$181.51M)🟢
7D NetFlow: -47,684 $ETH(-$157.5M)🔴#Solana ETFs:
1D NetFlow: +42,888 $SOL(+$6.22M)🟢
7D NetFlow: +247,561… pic.twitter.com/v9NjJzqgi8

— Lookonchain (@lookonchain) January 14, 2026

Regulatory developments continued to support bullish sentiment. Bitwise listed seven crypto ETPs on Nasdaq Stockholm, expanding regulated Bitcoin access for European investors. U.S. senators released a draft bill to clarify crypto oversight between the SEC and CFTC.

Rhode Island introduced a Bitcoin tax exemption bill. The proposed legislation would eliminate state income and capital gains taxes on Bitcoin transactions up to $20,000 annually.

U.S. Senators expects a Bitcoin and crypto market structure bill to pass soon, with markup scheduled for January 15.

✍️ JUST IN: U.S. SENATORS JUST INTRODUCED THE LONG AWAITED BILL TO ESTABLISH CLEAR BITCOIN AND CRYPTO MARKET RULES. pic.twitter.com/A8yBtDm9qt

— Coinwaft (@coinwaft) January 14, 2026

Bitcoin Bullish Momentum Builds as Cooling Inflation, On-Chain Signals, and Breakout Patterns Align

January 13’s U.S. CPI data showed cooling inflation at 2.6% year-over-year. The reading eased concerns about aggressive Federal Reserve rate hikes. CryptoQuant analyst Darkfost noted Bitcoin Net Taker Volume dropped 10x from $489 million to approximately $51 million.

Binance founder CZ’s $200,000 Bitcoin prediction reinforced bullish sentiment across the market. Analysts pointed to Bitcoin following patterns similar to the 2020-2021 bull cycle. If historical patterns repeat, the next leg could push BTC toward $150,000.

Analyst Nebraskangooner identified an ascending triangle breakout pattern. The measured target points to the $105,000 resistance area. Bitcoin must hold the $94,000 breakout level to maintain bullish structure.

Ted Pillows described the move as a classic breakout above a key trendline. According to his analysis, maintaining support above this level could open the path to $100,000 within January. Kalshi data shows a 75% probability of Bitcoin reaching $100,000 this month.

Technical Analysis BTC Momentum Strengthens as Price Breaks Key Bands, Eyes $100K Next

Bitcoin traded at $97,398 on the daily chart, up 2.11%. The price broke above the upper Bollinger Band at $96,082, with the 20-day SMA at $90,635. The lower band sits at $85,189.

The MACD displayed a strong bullish crossover. The MACD line reached 1,243.62 while the signal line stood at 580.83. The histogram printed +662.80, showing accelerating upward momentum with expanding green bars.

The RSI(14) registered 66.49, remaining in bullish territory without entering overbought conditions above 70. This reading suggests room for additional upside of 3-5% before hitting overbought levels.

Key resistance levels include $97,900-$98,000 as the immediate barrier. The $100,000 psychological level represents the next major test. Extended targets sit at $105,000-$108,000.

Support levels have formed at $96,082 (upper Bollinger Band, now support), $93,500 (broken resistance), and $90,635 (20-day SMA). Volume increased during the rally, validating the breakout.

The technical structure remains bullish. Price trades above all major moving averages with momentum accelerating. The short-term trajectory points toward $100,000, with extended targets at $105,000-$110,000 if current momentum sustains.