NewsBTC
Jan 14, 2026
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Bitcoin Rises Above $95,000, Eyes $100K Target

Bitcoin Price Update

  • Bitcoin price increased above $92,500 and is currently trading above $95,000.
  • A break occurred above a contracting triangle, with resistance at $92,000 on the BTC/USD hourly chart.
  • The price reached a high of $96,476 before consolidating gains.

Current Market Position

  • Bitcoin is trading above $95,000 and the 100-hourly Simple Moving Average.
  • If BTC remains stable above $94,500, it may attempt a fresh increase.
  • Immediate resistance levels are $96,000 and $96,500.

Bitcoin Price

Potential Movements

  • A close above $96,800 could push the price towards $98,000 and possibly $100,000.
  • If Bitcoin fails to rise above $96,000, it might decline.
  • Key support levels are $95,000 and $94,500; further support lies at $93,200 and $92,500.

Technical Indicators

  • Hourly MACD is losing momentum in the bullish zone.
  • Hourly RSI for BTC/USD is above 50, indicating positive sentiment.
  • Major Support Levels: $95,000, $94,500
  • Major Resistance Levels: $96,000, $96,800