Bitcoin (BTC) reached a historic high of over $100,000 in January 2025, but has since experienced a pullback. As of January 2026, the cryptocurrency community is speculating on whether BTC can reclaim this milestone. Key factors influencing a potential rebound include the momentum from Bitcoin spot ETFs, macroeconomic conditions, and the impact of the recent Bitcoin halving in April 2024. Institutional demand through ETFs is seen as a critical driver, with continued inflows potentially pushing prices higher. Additionally, favorable macroeconomic conditions, such as interest rate decisions and inflation trends, could bolster investor confidence in risk assets like Bitcoin. Analysts remain divided on the timeline for a return to $100K, with some optimistic about new highs by year-end, while others advise caution due to the cyclical nature of crypto markets.