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Bitcoin price prediction – Mapping BTC’s next target after $102K falls

2min Read

Here’s what to expect ahead of a likely volatile weekend for Bitcoin’s price!

Bitcoin price prediction - Mapping BTC's next target after $102K falls
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  • BTC topped $102k on the charts, but will it climb higher into the weekend? 
  • Options traders expect massive upside price swings into the weekend

Bitcoin [BTC] reclaimed $102k on the price charts again, ahead of Donald Trump’s presidential inauguration on 20 January. 

The upswing elevated BTC’s price action above key moving averages and reinforced a strong bullish outlook. With less than a few days to go for the inauguration, the question is this – Which direction will the cryptocurrency take now?

Will Bitcoin extend its rally?

Bitcoin price

Source: BTC/USDT, TradingView

On the daily chart, it broke out above $100k and retested it as support, further confirming the likely extension of the uptrend. This differed from the previous surge to $102k on 6 January – A deviation from the $100k before the price sharply retreated. 

The immediate bullish target would be the supply zone and bearish order block $105K-$108K (red). If the $108k resistance is cleared, the next key level would be at $122k. With the daily RSI far from flagging an overheated market, the recovery could extend itself. 

However, the latest move to $102k didn’t record much uptick in trading volume—A slight caution to bulls. In a reversal scenario, $100k, moving averages ($97k/$95k), or even the range-low at $90k could be key levels to watch. 

Liquidity grab to $103.5k?

Bitcoin price

Source: Coinglass

Additionally, Coinglass’s liquidation heatmap suggested that BTC could tap $103.5k – A key liquidity cluster that could act as a price magnet.

On the lower side, $100.5k and $98.8k had some liquidity pockets, too, and could attract the price. Especially during downside moves. 

In short, the aforementioned levels could be hit in a liquidity grab-driven rally. However, with flat liquidity above $103k, a short squeeze above it could accelerate the price to the $105k-$108k target or higher.

That being said, the 25-Delta Risk Reversal (25RR) projected a massive volatile weekend. It did so with 6 and 4 volatility points expected for Saturday and Sunday Option expiries.

Since the 25RR was positive, it meant traders have been pricing massive price swings to the upside, with a premium for call options (bullish bets). 


Read Bitcoin [BTC] Price Prediction 2025-2026


Bitcoin price

Source: Amberdata

Simply put, Bitcoin could front a sharp weekend rally and the $105k-$108k target could be hit swiftly if the Options market’s insights are validated. 

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Benjamin Njiri is a Crypto Analyst and Journalist at AMBCrypto who specializes in technical analysis and identifying emergent market trends. He excels at breaking down complex chart patterns and on-chain data to make them accessible and actionable for investors. His rigorous analytical approach is founded on his academic background as a Telecommunication Engineering graduate. This discipline has equipped him with an expert understanding of signal processing and data analysis, allowing him to systematically filter market noise from true trend signals with engineering precision. Armed with this unique perspective, Benjamin focuses on providing clear, data-driven insights into the digital asset landscape. His work is dedicated to demystifying the intricate world of cryptocurrencies, empowering readers to understand the forces that shape the market and to navigate it with greater confidence.
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