2026-01-02 12:28:06

Bitcoin is consolidating around current levels with traders closely monitoring critical support and resistance zones. The path forward hinges on two scenarios:

If BTC manages a decisive break above $90,354, it could validate the early stages of a bullish wave-3 surge, potentially igniting the next leg of upside momentum. However, as long as price holds below this resistance, a pullback toward $86,096 remains on the table as a near-term possibility.

Right now, sideways price action is the name of the game—classic accumulation territory where both bulls and bears are positioning for the next directional move. Watching these levels is essential for gauging whether we're about to see a breakout rally or a deeper retracement in the near term.

BTC2.33%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

5 Likes

Reward
5
5
Repost
Share

Comment

0/400

LittleTeacher

· 4h ago

Talking about a bull market again. Bitcoin has been in a bear market for the entire 25 years; it's just been a short bear phase with a rollercoaster ride, and only in 26 years will it be a bull market.

View OriginalReply0

LiquidatedDreams