NASDAQ:MGY News 17 January 2026

January 22, 2026, 2:10 PM EST. Bitcoin is rallying strongly in early 2026, supported by easing inflation, geopolitical demand, and record ETF inflows exceeding $1.7 billion this week. Analysts point to a technical breakout past $94,000-$96,000 resistance, pushing BTC towards the $100,000 mark. Institutional interest remains firm, with growing bitcoin stockpiles from governments and corporations. Market watchers warn of potential volatility near $97,000-$100,000 psychological resistance due to elevated leverage and profit-taking. Despite recent retracements, bullish market structure signals a sustainable run, with projections ranging from $100,000-$105,000 in coming weeks and possibly $120,000-$140,000 later in 2026 if demand sustains. Open interest levels, currently around $65 billion, remain high but below last year's peak, indicating the market is not overstretched.