Bitcoin Breaks Out Above Key Resistance: Next Target $100K? – BTC TA January 14, 2026
The post Bitcoin Breaks Out Above Key Resistance: Next Target $100K? – BTC TA January 14, 2026 appeared on BitcoinEthereumNews.com.
Bitcoin broke beyond the key $94,500 horizontal resistance on Tuesday and confirmed the breakout later the same day. An intermediate target of $100,000 could be next, before an eventual rally to the last key resistance level at $108,000. Can Bitcoin go all the way, or is this still just a relief rally? Breakout of key resistance Source: TradingView The breakout of the mini bull flag did eventually take place after some fits and starts, but break out it did, all the way up to the key $94,500 horizontal resistance, which also happens to be the top of an ascending triangle pattern (in green). The measured move for the bull flag is to $97,500. Of much more importance is the breakout of the ascending triangle. This had its top trendline exactly on what was major resistance at $94,500. A breakout of this resistance is huge, given that the next, and the last major resistance is at $108,000. Before any price targets are focussed on, the main task for the bulls right now is to avoid allowing the $BTC price to come back below what should now be firm support at $94,500. The breakout was confirmed on Tuesday, so if there is another small leg down it may just be a retest of this support. Just one small matter of concern is that the RSI indicator did not make a higher high, at least not yet. This means that unless the indicator line does rise higher, there will be bearish divergence in this short-term time frame. A measured move to $108,000? Source: TradingView The daily chart illustrates the full extent of the ascending triangle and its measured move to the exact key resistance level of $108,400. If the $BTC price does indeed get there, it will cancel out the potential bear flag.…
Filed under: News - @ January 14, 2026 11:13 am