Bitcoin price continued rising this week as the options market pointed to more gains, potentially to the key resistance at $100,000. BTC jumped to over $94,160, up 17% from its November 2025 low. This article explores whether the coin will continue rising or whether this is a dead-cat bounce.
Bitcoin Price Rallies as Options Data Point to $100k
BTC price has been in a strong uptrend over the past few days, continuing the move that began on December 18, when it traded at $84,422.
This rally has coincided with the rising odds that the coin will jump to $100,000 in the near term. Data show that open interest for futures contracts expiring on January 30 is at a strike price of $100k.
The notional value is much higher than the second-most-bid contracts of puts with a strike price of $80,000. Puts are trades that give investors the right to sell an asset but an obligation to do so, while calls provide them with the right to buy.
Third-party data show that futures open interest has continued to rise, a sign that investors are adding leverage to their trades. CoinGlass data shows that the figure rose to over $62 billion, its highest level since November 2021. It has continued rising after bottoming at $54 billion last week.
READ MORE: Dogecoin Price Prediction: The Start of a New Bull Run or a Bull Trap?
Meanwhile, spot Bitcoin ETF inflows have continued to rise in the past few weeks. Data shows that spot ETFs have added over $600 million in inflows this year. This is a big reversal considering that the funds shed over $1.09 billion in December and $3.48 billion in November.
Bitcoin’s rally coincided with the stock market’s performance. The Dow Jones Index jumped by nearly 600 points, while the S&P 500 and Nasdaq 100 indices rose by 43 and 160 points, respectively.
Meanwhile, the Crypto Fear and Greed Index has jumped from 10 to 42. Bitcoin and other coins tend to do well when the index is rising.
BTC Price Technical Analysis
The daily chart shows that the BTC price has rebounded from a low of $80,495 in November to the current $94,492. It has moved to the bottom of the trading range at $93,750, which is the highest swing on December 3 and 10.
The coin has remained at the 61.8% Fibonacci Retracement level and slightly above the 50-day Exponential Moving Average (EMA). Therefore, the most likely Bitcoin price forecast is bullish, with the initial target being at $100,000. This price coincides with the Major S&R pivot point of the Murrey Math Lines tool.
