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Hold. Current momentum and volume indicate a possibility of retesting or breaking through the $95,000 level, but traders should exercise caution amid volatility.
🎢 Market context: This move reflects broader bullish sentiment across crypto markets as investors revisit risk-on positions at the start of the year.
♦️Bitcoin has demonstrated resilience at the beginning of 2026, with the asset closing in on the $95,000 mark amid a surge in trading activity and technical strength. Market analytics show that since the start of January, Bitcoin has been consolidating within a tight range, with successive higher lows and highs.
♦️A recent look at the 7-day liquidation heatmap reveals concentrated long liquidations between $89,000 and $87,000, while short positions accumulated near the weekly high of approximately $95,000, signaling traders' expectations of a retest or breakout scenario.
♦️From a technical standpoint, Bitcoin's price breaking above the 20-day moving average and its convergence with the 50-day moving average reveal a bullish setup, but failure to sustain above $95,000 has led some traders to lock in profits or reduce exposure, anticipating a retest of lower support at around $89,400. If this support holds and momentum persists, an attempt to breach the $95,000 barrier could re-emerge, potentially sparking short covering and liquidations that propel Bitcoin toward $101,500 a roughly 13% increase.
⚠️ Conclusion.....
The recent price action has been heavily influenced by futures trading dynamics. Data indicates a surge of nearly $1.1 billion in buy volume for BTC. This renewed buying interest and technical momentum affirm Bitcoin's potential to sustain its upward trajectory, provided it can secure the critical resistance levels and maintain trading volumes. As always, traders should stay vigilant of the inherent risks in such volatile markets.