Bitcoin Surges Past $90,000, Reviving Market Sentiment
- Bitcoin Breakthrough: Bitcoin (BTC) surged past the $90,000 mark during the first weekend of 2026, significantly reviving market interest among traders, despite ongoing geopolitical tensions, indicating a renewed optimism for future price movements.
- ETF Inflows: On January 2nd, Bitcoin ETFs saw inflows exceeding $500 million, marking a notable shift in market sentiment and suggesting a potential recovery following extensive sell-offs, which could prolong positive momentum into the weekend.
- Market Performance: With total market capitalization surpassing $3 trillion, MYX Finance (MYX) emerged as a standout performer with a 60% increase, reflecting investor optimism as many leading cryptocurrencies in the top 100 posted gains.
- Bounce-back Potential: Despite recent sell-offs, several altcoins like XRPCoin and SOL are showing signs of rebound potential, indicating that hovering near oversold levels may present future bounce-back opportunities for these assets.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36118.443 | 48059.221 | 60388.463 | 72329.241 | 84658.483 | 96599.261 | 108928.503 |
| Fibonacci | 48059.221 | 57330.369 | 63058.094 | 72329.241 | 81600.389 | 87328.114 | 96599.261 |
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