Bulls Eye 107 thousand dollars amid the return of an epic

Today, Bitcoin distinguished a V -shaped reflection, as it rose to 103 thousand dollars. The question now is whether this recovery can maintain momentum to strike the goal of $ 107,000.

With the start of the surrounding concerns of Deepseek AI, the encryption market is making a router. The total market value of encryption regained the level of $ 3.5 trillion, with Bitcoin Return again over the mark of $ 103,000.

With the Bitcoin recovery raising helps the market restore a 2 trillion dollar evaluation, can BTC extend this gathering to reach the level of $ 107,000?

Bitcoin price analysis

On the graph for 4 hours, the Bitcoin price direction is rapidly displayed by V -shaped after violating the 200 EMA line. The Fibonacci level provided by 50 % at 98,611 dollars strong support, which contributed to the formation of the morning star style.

After rejecting the low price that created the lowest level in 97,750 dollars, Bitcoin is now working. It is currently being traded at $ 103227 and has broken the EMA 200, 100, 50 and 20 lines. The next instant goal is the 78.6 % Fibonacci level at 103,393 dollars.

However, rejecting the highest price indicates continuous resistance. The bullish reflection of RSI for 4 hours has pushed the center point, indicating an increased demand.

Bitcoin’s institutional support weakens the ETF ETF flows

Despite the strong recovery, the recent contraction in the shares of American technology led to a decrease in Bitcoin’s institutional support. On January 27, Bitcoin spot spot ETFS It recorded an external flow of $ 457.48 million.

Blackrock remained the only buyer, with a flow of $ 63.94 million. Meanwhile, Federation led the outbreak of an external flow of $ 268.59 million, followed by GBTC from Grayscale with an external flow of $ 108.47 million.

Bitwise has seen an external flow of $ 88.57 million, sold ARK and 21shares bitcoin at a value of $ 50.11 million. Vaneck was the youngest seller, with $ 5.68 million in external flows. The last six investment funds in Bitcoin did not have a net flow.

The bullish speculation in bitcoin derivatives

During the past 24 hours, the encryption market has witnessed qualifiers of $ 588.66 million. Amidst continuous volatility, bullish feelings reappear in bitcoin derivatives.

The open interest regained the evaluation of $ 66 billion, while the length ratio to the palaces increased to 0.9681. Likewise, the financing rates have seen a V -shaped recovery, now by 0.0085 %.

These developments shed light on a strong upscale momentum, indicating the possibility of an extended upward trend.

BTC price goals

Since the upward speculation nourishes the Bitcoin -shaped recovery, the collapse is 78.6 % higher than the Fibonacci level at $ 103,393 that indicates a potential purchase opportunity. The next target price, based on Fibonacci levels, is $ 107,123.

On the negative side, the decisive support levels are at a mark of $ 100,000 and Fibonacci levels by 50 % at 98,611 dollars.