🔥 BTC closed firmly above the 50-day moving average of $89,266 on January 2nd and continued to rise, with the next target being the key resistance level at $94,456. This trend sends a clear signal — the bulls are gaining momentum.
📈 Key signals have appeared
Moving average crossover (Golden Cross)
RSI in positive territory
Together, these points indicate one thing: 👉 The current market control is in the hands of the bulls 🚀 How will the bullish scenario unfold? If buying pressure continues and successfully breaks through $94,456, BTC is likely to accelerate directly:
First target: $100,000 psychological barrier Next push: $107,297 Once above $100,000, market sentiment is likely to ignite, and volatility will increase 🔥
⚠ The risks to watch for are also clear If the price encounters resistance near $94,456 and quickly falls back below the moving average, it indicates significant selling pressure above.
In this case, BTC will likely enter a consolidation phase, 📦 oscillating between $83,900 and $94,456, gathering strength for the next move.
🧠Summary
Golden cross + RSI turning strong = bulls have the advantage, $94,456 is the short-term critical level, aiming for $100,000 on the upside, and watching for range-bound movements on the downside. Currently, the trend is bullish but not suitable for chasing highs. Keep an eye on key price levels; the market will soon give an answer.
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.
#BTC
🔥 BTC closed firmly above the 50-day moving average of $89,266 on January 2nd and continued to rise, with the next target being the key resistance level at $94,456. This trend sends a clear signal — the bulls are gaining momentum.
📈 Key signals have appeared
Moving average crossover (Golden Cross)
RSI in positive territory
Together, these points indicate one thing:
👉 The current market control is in the hands of the bulls
🚀 How will the bullish scenario unfold?
If buying pressure continues and successfully breaks through $94,456,
BTC is likely to accelerate directly:
First target: $100,000 psychological barrier
Next push: $107,297
Once above $100,000, market sentiment is likely to ignite, and volatility will increase 🔥
⚠ The risks to watch for are also clear
If the price encounters resistance near $94,456 and quickly falls back below the moving average, it indicates significant selling pressure above.
In this case, BTC will likely enter a consolidation phase, 📦 oscillating between $83,900 and $94,456, gathering strength for the next move.
🧠Summary
Golden cross + RSI turning strong = bulls have the advantage, $94,456 is the short-term critical level, aiming for $100,000 on the upside, and watching for range-bound movements on the downside. Currently, the trend is bullish but not suitable for chasing highs. Keep an eye on key price levels; the market will soon give an answer.