BTC Technical Analysis January 7: Consolidation Holds Above Key Support – Ready for $100K Push?
2026-01-07 19:15
The Bitcoin price is consolidating rather than falling back to key support. If this price action continues for the current down leg, a big push up to $100,000 could be the next move. Potential bull flag formation Source: TradingView The $BTC price reached the top of its trajectory for the last upside push late on Monday. Since then, the price looks to have gone into a consolidation pattern that is starting to resemble a bull flag. There are only two touches to top and bottom of the flag so far, so this pattern is perhaps not far enough advanced in its formation to rely on just yet. Nevertheless, it does look promising up to now. Depending on how the pattern forms, the measured move from this potential bull flag could take the price up to around $98,000. If and when the price comes further down, a retest of the $90,400...
