Bitcoin Price Prediction as It Does Something It Has Not Done in Months
Bitcoin is staying above a key resistance level and accomplishing now what it has not been able to do for months.
Quick overview
- Bitcoin surged past the $90K resistance level, reaching a high of $94,458 before settling at $91,792.
- This marks the first week since mid-November that Bitcoin has remained above $90K for an extended period, suggesting the end of its bottoming out phase.
- Analysts predict a bullish trend for Bitcoin in January, with potential to surpass $100K and set a new all-time high.
- Despite a recent dip, Bitcoin is up 3.6% for the week and shows renewed interest with a 24% increase in trade volume.
Bitcoin jumped into 2026 with a strong performance, blasting past the $90K resistance level and moving as high as $94,458 (BTC/USD) before coming back down.
Now at $91,792, Bitcoin is settled above the $90K level and is holding onto some of its recent gains. This marks the first week since mid-November that Bitcoin has stayed above that level for more than a couple days. BTC passed that benchmark on Friday and has nearly stayed a week above $90K, prompting analysts to call the end of the coin’s bottoming out period.
BTC/USDFor months, Bitcoin has either been bearish or simply not been able to overcome the $90K hurdle. Now, sitting just above that level, the coin may be able to do something else it has not done in months- pass $100K and set a new record high. We have not seen a new all-time high for the coin since back in October, and so far, it is looking like 2026 will be a promising year for the coin.
New Bitcoin Price Prediction
Because Bitcoin has been able to overcome the strong resistance it has faced for months, it looks like fears that Bitcoin has peaked can be put to rest. Analysts now expect the coin to pick up a bullish trend that will carry it much higher in January.
Trade volume for the coin is up 24% for Wednesday, indicating renewed interest in BTC. Both Bitcoin and the wider crypto market are down for now, with Bitcoin losing 1.81% over the last 24 hours, but the market remains elevated compared to recent weeks. Despite the recent dip, Bitcoin is up 3.6% for the week and 8.8% from its December low point.
Likewise, Ethereum (ETH) is up 7.22% for the week and 15.6% from its December low. There is a similar trend across much of the cryptocurrency market, and this points to January being a strong month for the decentralized currency market. Even with political upheaval in Latin America, the crypto market is following the same trend as the stock markets right now with reduced volatility and elevated values overall.
Bitcoin is likely to surge this month, possibly pushing past $100K in the next week or so and setting a new record high as early as late January or February depending on how well it can hold onto new gains. If the coin is done bottoming out, as it appears to be, then it is possible for Bitcoin to move steadily higher and lose little progress along the way, but months of poor performance have made investors wary. It will once again be up to the whales to give BTC the push it needs to set a new high.
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