Crypto analyst TARA believes Bitcoin is not done yet and says the price could push past $99,000, even though some short-term signals still look bearish.
According to TARA, Bitcoin is likely to hit this level before any bigger pullback happens. The idea is that prices move higher first, then correct later, without breaking key support levels. TARA also said future pullbacks will keep adjusting upward and that Bitcoin’s next major peak in 2026 could be higher than anything we’ve seen before.
Traders seem to agree with that outlook. Many are positioning for a move above major resistance levels as Bitcoin gets closer to the six-figure psychological mark. This momentum picked up after recent inflation data came in softer than expected, easing pressure on markets.
Bitcoin ETFs are also playing a big role. Bloomberg analyst Eric Balchunas pointed out that spot Bitcoin ETFs have seen strong inflows, both over the past week and so far this year. With Bitcoin trading sideways late last year and now moving higher, Balchunas suggested that most sellers may already be out, leaving buyers in control.
Adding to the bullish case, BitMEX co-founder Arthur Hayes said the rally could last longer if dollar liquidity keeps increasing. He believes U.S. President Donald Trump’s economic plans, including efforts to lower mortgage rates, could inject more money into the system and encourage borrowing, which often benefits assets like Bitcoin.
Hayes explained that weak crypto performance earlier in 2025 wasn’t a true bear market, but rather a liquidity problem. If more money starts flowing again, that could change quickly. He also noted that if Trump appoints someone who favors rate cuts to replace the Federal Reserve chair, it could lead to larger rate cuts, which would likely be positive for Bitcoin and the wider crypto market.
At the time of writing, Bitcoin was trading slightly lower over the past 24 hours, but many analysts believe the bigger move may still be ahead.
