Bitcoin Consolidates Above $94,000 As Dual Bullish Patterns Signal Potential Rally to $107,000
Bitcoin is currently trading above $94,000, which is a 1.3% increase over the past 24 hours. This is the highest daily gain for BTC since
Quick overview
- Bitcoin is currently trading above $94,000, marking a 1.3% increase and the highest daily gain since May.
- The company Strategy has significantly reduced its Bitcoin purchases, indicating a potential long bear market ahead.
- Technical patterns suggest Bitcoin could target $104,000, with critical resistance levels at $98,200 and $107,500.
- A daily close above $96,000 is crucial for confirming a bullish reversal and could lead to new all-time highs.
Bitcoin BTC/USD is currently trading above $94,000, which is a 1.3% increase over the past 24 hours. This is the highest daily gain for Bitcoin since May, showing that the top cryptocurrency is getting stronger again. The current price movement of the digital asset has triggered several positive technical patterns, and the way institutions work is changing in a big way. Analysts think this might lead to a big surge toward six-figure territory.
Strategy’s Bitcoin Purchases Collapse as Company Prepares for Extended Volatility
Strategy, the company that has the most Bitcoin in the world, has stopped buying cryptocurrencies as much as it used to in 2025. CryptoQuant’s research shows that the company’s monthly Bitcoin purchases have dropped drastically from a high of 134,000 BTC in late 2024 to barely 9,100 BTC in November 2025. So far in December, they have only bought 135 BTC.
CryptoQuant experts see this slowdown as a sign that the market is getting ready for a long bear market, and Strategy is putting up its defenses. The company has set aside $1.4 billion in cash to meet its debt servicing and dividend payments for at least 12 months. It wants to extend this buffer to 24 months. Strategy now owns 649,870 BTC, which is worth about $58.7 billion.
The company is under further more strain because of proposed revisions to MSCI policy that would ban treasury companies that hold more than 50% of their balance sheet assets in bitcoin from being included in key stock indexes. These kinds of rules would stop passive investment flows, but Strategy creator Michael Saylor is in touch with MSCI about the changes that will take place in January.
Cup and Handle Pattern Projects $104,000 Target While Inverse Head and Shoulders Confirms Reversal
After Tuesday’s 5.81% rise, which formed a bullish engulfing candlestick pattern, Bitcoin’s chart structure has gotten a lot better. Kamile Uray, an analyst, has found a confirmed cup and handle pattern on the four-hour chart. Bitcoin has also successfully closed above the important $93,160 breakout mark. This typical continuation pattern says that the price should start around $104,000.
A completed Inverse Head and Shoulders pattern has added more confirmation of a reversal after Bitcoin broke through resistance at $87,500 and $90,000. Crypto VIP Signal says that the upward trend is being supported by a solid trading volume, and the next technical level is $95,000.
On a daily closing basis, the important level for further bullish momentum is $96,000. If this level is broken, it would be a break of structure on higher timeframes, which would open the way to $102,000-$107,000, where there are still big liquidity clusters. Key resistance levels are at $98,200 and $107,500. If the price breaks above the latter, it will be clear that the long-term uptrend has completely returned.
Aggressive Buy-Side Flow and Positive Coinbase Premium Support Recovery
CryptoQuant data backs up the technical picture by showing that the market’s buy-to-sell ratio rose to 1.17, the highest level since the current cycle began in January 2023. This kind of buy-side domination usually happens when structural capital flows speed up during the early stages of expansion.
After a lengthy time of US selling pressure, the Coinbase Premium Index has moved into positive territory at +0.03. This has traditionally meant that institutional demand has picked up again. As global liquidity conditions have improved, both Binance spot and perpetual trading volumes have gone up at the same time. The price difference between major exchanges has also gotten less.
Bitcoin Price Prediction: $107,000 Target Contingent on $96,000 Breakout Confirmation
Bitcoin’s next move depends on closing above $96,000 every day. This would confirm the technical reversal and open up goals in the $102,000-$107,000 zone. The combination of bullish signals and supportive volume dynamics makes a strong argument for further upward momentum.
If support doesn’t stay above the fair value gap of $90,000 to $88,000, though, it could cause further deeper retracements. Critical support is between $83,822 and $82,477. If the price closes below $82,477 every day, the bullish thesis is no longer true and the price might go down to the $74,496-$71,237 zone from November 2024.
The technical situation favors more strength as long as Bitcoin stays above $96,000, which might lead to new all-time highs above $107,000 as the market structure gets better and purchasing pressure stays high.
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