Traders Spot Strong Bullish Signals for Bitcoin — $107k Target Ahead of 2026
Analysts signal multiple bullish indicators for Bitcoin (BTC) that could drive prices back toward six figures and beyond in early 2026. Traders observed a potential "Santa short squeeze" pattern after a brief late‑December dip, historically followed by January reversals. Technicals show BTC forming a daily symmetrical triangle; a decisive daily close above the triangle’s upper trendline and the $90,000 level would imply a measured upside target near $107,400 (roughly +22%).
On the fundamentals side, spot-BTC ETF net outflows have materially slowed since late November and are now near zero, reducing selling pressure from funds. Long‑term holder sell pressure has also cooled, according to on‑chain reports. Institutional adoption — via ETFs and corporate treasuries — combined with supportive macro conditions (potential rate cuts/liquidity) are cited as drivers for an extended bull cycle. Citi analysts project a 12‑month base case of $143,000 and an optimistic scenario up to $189,000, underscoring institutional optimism.
Key points for traders: watch daily closes above $90k for a likely rally toward ~$107k; monitor spot‑ETF flows and long‑term holder activity for confirmation; be mindful that patterns like short squeezes can produce fast, volatile moves. This is analysis, not investment advice.
Bullish
The article presents several converging bullish signals for Bitcoin: a potential ’Santa short squeeze’ historical pattern that often precedes January rebounds; a clear technical setup (symmetrical triangle) with a concrete measured upside (~22% to $107k) contingent on a daily close above $90k; and improving fundamentals—spot-BTC ETF outflows have slowed to near zero and long‑term holder sell pressure is easing. Institutional demand expectations (ETF recovery, corporate treasuries) and optimistic bank forecasts (Citi’s $143k base / $189k bull) add conviction. These elements point to higher probability of upward price pressure, though risks remain (false breakouts, macro shocks). Short term, traders can expect elevated volatility and potential rapid upside if key technical levels break; longer term, sustained ETF inflows and continued institution adoption could support a multi‑month bull phase. Historical parallels: past periods where ETF flows turned and short squeezes occurred (e.g., spring 2024) preceded multi‑week rallies, reinforcing the bullish reading here.