Bitcoin (BTC) price surged to a two-month high of over $97.7k on Wednesday, January 14, 2026. The flagship coin has extended the new year’s gains during the past few days, signaling a potential bullish outlook in the near future catalyzed by robust cumulative fundamentals.
Bitcoin price rallied to a new local high catalyzed by the capitulation of retail traders amid the renewed demand from whales. According to market data from Santiment, more than 47k BTC holders capitulated in the last three days despite its notable decline in crypto exchanges.
Source: X
Meanwhile, the U.S. spot BTC ETFs recorded a net cash inflow of over $750 million on Tuesday, the highest since October 6, 2025.
Bitcoin price rallied on Wednesday partially fueled by the rising capital rotation from gold and the stock market. During the last 24 hours, more than $360 billion was wiped out from the U.S. stock market.
Meanwhile, Gold price has formed a potential reversal pattern since October 2025, which is characterized by a bearish divergence of its daily Relative Strength Index (RSI).
Following the notable Bitcoin price rebound on Wednesday, the flagship coin has potentially invalidated bearish sentiment from the camp of the four-year cycle. Crypto analyst @CyclesWithBach on X stated that BTC price is headed to a new all-time high after rebounding from a prior resistance level.
Source: X
After closing 2025 down around 10%, Bitcoin price is expected to record palpable gains in 2026 catalyzed by robust fundamentals. Furthermore, Bitcoin demand from institutional investors, led by spot BTC ETFs and treasury companies, has reduced its circulating supply amid its notable regulatory clarity globally.
As such, Binance Co-founder Changpeng Zhao (CZ) is of the camp that expects BTC price to hit $200k in the near term. The macro bullish outlook for Bitcoin will be influenced by the rising global supply of money.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Chainlink (LINK) price jumped nearly 6% intraday and is now trading around $14.20, moving closer…
Bitcoin and the broader crypto market turned sharply bullish after the latest CPI print came…
The United States Securities and Exchange Commission (SEC) has concluded its investigation into the Zcash…
Bitcoin Price Prediction 2026 is now one of the main questions in the crypto market…
Cardano has been witnessing a significant jump in its price over the last 24 hours.…
Bitcoin price has broken out of a two-month consolidation after a steady, sideways phase, with…
