Bitcoin Defies Venezuela Chaos: Dips to $86.5K Bought Aggressively – Bulls Target $100K on Strong ETF Inflows

BTCUSD trades above $91000 level on the escalation of geopolitical tension in Venezuela. It hits an intraday low of $8645,0, and at the moment, it is around $86965.

US spot Bitcoin ETFs kicked off 2026 with a strong $459 million net inflow for the week ending January 2 (December 29–January 2), reversing late-December outflows and signaling renewed institutional demand as Bitcoin held above $90k. BlackRock’s IBIT dominated with $324 million in inflows, followed by Fidelity’s FBTC at $106 million, while Grayscale’s GBTC saw modest outflows of $54 million. The week featured a massive $471 million single-day inflow on January 2, pushing total ETF assets under management to $116.95 billion (6.53% of BTC’s market cap). Ethereum spot ETFs also attracted $160.8 million, boosting overall crypto ETF momentum. Analysts link the rebound to the “January effect” and fresh positioning, supporting BTC’s resilience near $92k and potential push toward $95k–$100k if inflows continue.

Oscillators and moving averages to forecast the trend of BTCUSD

CMP- $92844

EMA (4-hour chart)

55-EMA- $89374

200-EMA- $89789

365-EMA- $92887. The pair trades above the short and 200 - 4H EMA and below the 365 4H-EMA long-term moving average.

Major Support - $85000. Any breach below $85000 will drag the pair down to $83000/$80000.

Major Resistance - $94500.  Any break above $94500 confirms minor bullishness, a jump to $95415/$97400/$98500/$10000.

Indicators (4-hour chart)

CCI(50)- Bullish

ADX-  Neutral

5. Investment Strategy for BTCUSD

It is good to buy on dips around $90000 with a stop loss around $85000 for target profits of $100000/$107000.