Analyst Who Called 2020 Bull Run: Bitcoin Price Must Hold This Zone for $100K
2026-01-07 19:45
Bitcoin trades around $91,901 at the time of writing, showing weekly gains near 3.99% while maintaining a position above short-term technical support . Price action shows stability after a dip to $92,446, where buyers defended the area near the 21-day moving average around $91,800. (Source: CoinCodex ) Traders continue to focus on whether this structure can support a move toward the closely watched $100,000 level. Can Bitcoin maintain momentum as macro data approaches? Rejection at $94K Shapes the Short-Term Outlook Recent trading activity shows a clear rejection near the $94,000 resistance zone . Volume data points to active buyers defending lower levels, even as sellers capped upside attempts. Futures markets still show a short bias, yet neutral funding rates reduce the risk of sharp downside pressure. This balance keeps Bitcoin trading within a defined range rather than triggering a steep sell-off. Market participants now monitor daily closes for confirmation signals....
