Jan 6, 2026
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Bitcoin Price Surges Above $92K, Faces $95K Resistance Barrier
Bitcoin's price shows bullish momentum, surpassing the $92,000 mark and trading above $92,500 along with the 100 hourly Simple Moving Average.
- A key bullish trend line supports BTC at $92,650 on the BTC/USD hourly chart.
- Immediate resistance levels are at $94,200 and $94,500, with potential targets at $95,000, $95,800, and up to $97,200 if it breaks past these barriers.
- If unable to break the $94,500 resistance, BTC might decline, with support around $93,200, $92,800, and critically at $92,500.
- Main support lies at $90,000, which could trigger a further drop if breached.
Technical indicators:
- Hourly MACD is losing momentum in the bullish zone.
- Hourly RSI stands above 50, indicating relative strength.
