The price of Bitcoin (BTC) has shown remarkable stability, consistently staying above the critical support level of $89,000 since its rebound on January 2, 2026. This ongoing trend presents a bullish outlook for the leading cryptocurrency.
Over the past week, Bitcoin has been trading within a defined range, hovering above the moving average lines but still under the $94,000 resistance threshold. Since December 3, 2025, market participants have struggled to push the price above the $94,000 mark, leading to repeated rejections of bullish momentum on four distinct occasions. This has created a sideways trading pattern, maintaining the price below $94,000.
Currently priced at $91,747, Bitcoin is positioned well. If buyers manage to overcome the current resistance, analysts anticipate a potential surge that could push the value above the $100,000 milestone, with bullish momentum possibly extending to $107,500.
Technical Analysis of Bitcoin”s Current Position
The technical indicators indicate that the price bars are consistently above the horizontal 21-day and 50-day moving averages. This suggests that as long as Bitcoin remains above these moving averages, it is likely to maintain its upward trajectory.
On the 4-hour chart, Bitcoin is experiencing a range-bound movement, trading between the horizontal moving average lines. This indicates a potential consolidation phase as it fluctuates between the established support at $90,000 and resistance at $92,000.
Future Prospects for Bitcoin
As the market sentiment leans towards bullishness, Bitcoin”s current upward movement indicates it is operating within a favorable trend zone. The immediate task for Bitcoin is to break above the moving average lines to initiate a more pronounced upward movement.
This analysis reflects the personal opinions of the author and is based on collected data. It is not to be construed as financial advice. Readers are encouraged to conduct their own research before making investment decisions.
