The price of Bitcoin is on the brink of a significant movement, with increasing bullish momentum as 2026 begins. Having undergone a period of consolidation, BTC has successfully reclaimed its 21-day moving average, a crucial technical indicator often signaling a shift in short-term trends. Currently, Bitcoin is trading within a defined range between $84,000 and $90,000, a zone that has remained stable for over a month. Traders are now turning their attention to the $90,000–$92,000 resistance area. A decisive and sustained breakout above this level could pave the way toward $95,000, with the psychological milestone of $100,000 as the next target.
There are several factors indicating that Bitcoin could be primed for a 30% rally in the weeks ahead. Firstly, Bitcoin has recently recorded three consecutive red monthly candles. In historical contexts, each of the last four occurrences of this pattern has resulted in a short-term bottom, often followed by rebounds ranging from 30% to as much as 130%. This trend typically indicates a cessation of selling pressure.
Secondly, the Relative Strength Index (RSI) for Bitcoin has recently dipped into oversold territory. Past cycles have shown that similar RSI readings frequently coincide with the conclusion of significant downtrends and the initiation of strong upward movements.
Additionally, the Nasdaq 100 commenced 2026 trading below its 50-day moving average. The last four instances of this occurrence resulted in substantial rallies in the early months of the year, a trend that historically favors risk assets like Bitcoin.
Furthermore, the US equity put/call ratio surged toward the end of 2025, indicating increased fear among investors and a heightened demand for protective measures. Historically, such spikes have coincided with local market bottoms, with positive returns typically following in the subsequent two to three months.
Another factor to consider is the performance of gold and silver, which collectively gained over $13 trillion in market value during 2025. Should these metals enter a consolidation phase, profit-taking could redirect some liquidity back into equities and cryptocurrencies, bolstering Bitcoin”s potential for upward movement.
As for Bitcoin”s price levels, it established a local low around $80,500 on November 21. Since that point, the price action has remained constructive, despite some sideways movement. It is crucial for Bitcoin to reclaim the $90,000 mark on robust trading volume. A successful breakout from this level could accelerate momentum toward $95,000, with the potential for further gains targeting the $100,000 region.
Overall, the sentiment remains bullish. As long as Bitcoin maintains its position above essential short-term averages and buying pressure continues to build, the likelihood of a breakout increases. The upcoming week is anticipated to be pivotal, as strong momentum above resistance could confirm the onset of a new upward trend, bringing six-figure Bitcoin back into focus sooner than many anticipate.
On a cautionary note, some analysts suggest Bitcoin”s current price behavior may mirror that of NVIDIA ($NVDA) during previous market cycles. If this correlation holds, Bitcoin might briefly test liquidity below the $78,400 support level before making a robust recovery.
