Bitcoin Eyes Essential $100K Breakout as Technical Indication signifies Bullish January
The post Bitcoin Eyes Essential $100K Breakout as Technical Indication signifies Bullish January appeared on BitcoinEthereumNews.com.
The cryptocurrency market began in 2026 with a wave of renewed optimism as Bitcoin aims to reclaim the psychologically significant $100,000 mark. Michaël van de Poppe highlights that BTC is at a pivotal juncture, indicating that it is “battling the last resistance before a potential surge towards $100K.” His analysis shows an important bit of technical setup with Bitcoin consolidating after range-bound trading and predicting a small CME gap pullback before continuing upwards. CME Gap and Technical Indicators Display Future Rally The CME gap is one of the most closely watched technical signals of Bitcoin trading. It’s created when CME Bitcoin futures are dormant over the weekend, but spot markets are open 24/7, which leaves behind price gaps and these gaps are often filled once the markets resume trading. After the holidays, there was a downside gap near $88,200 which turns out to be a possible short-term target. Bitcoin has traded steadily between $85,000 to $90,000 over the past two weeks or so to produce a Bollinger Bands Squeeze, also known as a compression in volatility, which will often precede sharp moves. BTC has recovered back to its 21-day moving average, which implies better short-term momentum. Notably, Bitcoin has just recently printed three red monthly candles in a row, which in the past has preceded short-term bottoms and rebounds of 30 to 130%. On-Chain Metrics Indicate Lower Selling Pressure While price action may seem to be stagnant on the surface, there is on-chain data that the market may be quietly shifting in the background. CryptoQuant indicators show that there is easing sell pressure, even as the macroeconomic uncertainty puts a cap on upside momentum. One especially bullish indicator comes from supply data from long-term holders. After months of negative reading, the 30-day net change in long-term holder supply has been…
Filed under: News - @ January 5, 2026 12:01 am