Bitcoin (BTC) pushed above $89,000 Friday morning, marking a modest recovery even as the broader market digested some heavyweight outflows. Over the past 24 hours, liquidations hit $205.18 million, a reminder that volatility remains alive and well in crypto land.

The ETF picture wasn't particularly cheerful. Bitcoin ETFs recorded $348.1 million in net outflows on Wednesday, while Ethereum (ETH) ETFs shed $72.06 million. Not exactly the institutional embrace everyone was hoping for.

Can Bitcoin Hit $100K Next Month?

Michael van de Poppe thinks Bitcoin's chart is starting to show some encouraging signs. He noted that early upside momentum is building as markets grind higher, with all eyes now on the U.S. trading session where fresh liquidity could keep the rally alive. If the strength holds, van de Poppe believes a test of $100,000 in January is still on the table.

But not everyone's feeling bullish. Crypto chart analyst Ali Martinez threw some cold water on the party, pointing out that Bitcoin recently printed a death cross between the 10-week and 50-week simple moving averages. That's not just technical jargon, it's historically been a bad omen. Previous death crosses led to brutal corrections: down 67% in September 2014, down 54% in June 2018, down 53% in March 2020, and down 64% in January 2022. So yeah, maybe keep some powder dry.

What's Happening With Other Major Cryptos

Daan Crypto Trades observed that Ethereum is hovering just above its daily 200-day moving average alongside key horizontal support. Price action is tightly compressed, which usually means a bigger move is brewing. The question is which direction.

Trader Ameba highlighted that Solana (SOL) has returned to a key support zone around $127. If that level holds, upside targets of $133 and $146 come into play. He also mentioned a recent "prophecy wick" on Binance near the first target, a pattern that tends to get filled more often than not.

Meanwhile, Martinez noted that the TD Sequential indicator has flashed a macro buy signal on XRP, suggesting a potential rebound could be in the cards.

Here's where the major cryptos stood Friday morning:

Meme Coins Making a Comeback

The meme coin sector had a particularly good day, surging 10.9% as the total crypto market capitalization reclaimed the psychologically important $3 trillion level. Sometimes the market just wants to have fun.

Martinez said Dogecoin has broken out of a price channel, potentially opening the door for a move toward $0.08. That's still a ways off from current levels, but breakouts have to start somewhere.

So where does this leave us? Bitcoin is showing some signs of life, but the technical picture is genuinely mixed. Bulls see momentum building, bears see historical warning signals flashing red. Welcome to crypto, where the only certainty is uncertainty.