NewsBTC
Jan 15, 2026
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Bitcoin Price Surges Above $96,000 Approaching $100K Target

Bitcoin price has surged above $95,500 and is currently trading over $96,000. The cryptocurrency is in a bullish trend with potential to reach $100,000.

  • BTC rose past key resistances at $94,000 and $95,500, now trading above the 100 hourly Simple Moving Average.
  • A bullish trend line supports BTC at $95,250 on the BTC/USD hourly chart.
  • The price peaked at $97,898, consolidating gains near the 23.6% Fib retracement level between $89,995 and $97,898.

Resistance and Support Levels

  • Immediate resistance levels are at $97,200 and $97,800.
  • Further resistance could be at $98,000, with potential to rise towards $99,500 and $100,000 if surpassed.
  • If unable to maintain above $97,200, BTC could decline to $96,000 or further down to $95,250.
  • Main support exists at $92,500; falling below may accelerate decline.

Bitcoin Price Chart

Technical Indicators

  • Hourly MACD indicates slowing momentum in the bullish zone.
  • Hourly RSI for BTC/USD is above 50, supporting the current uptrend.