The post Bitcoin Bulls Face Make-or-Break Test at $93K Resistance appeared on BitcoinEthereumNews.com.

Timothy Morano
Jan 08, 2026 07:14

Bitcoin trades at $90,025 as institutional flows surge to $697M, but technical indicators reveal a critical battle zone ahead that could determine direction.

Bitcoin stands at a technical crossroads that mirrors the pivotal moments preceding its most explosive rallies, with institutional money flooding back into the market just as price action approaches a decisive resistance zone around $93,000. The cryptocurrency surged 7.4% last week following record ETF inflows of $697 million on January 5—the largest single-day institutional appetite since October 2025, according to SoSoValue data. BlackRock’s IBIT led the charge with $372 million in net flows, while Fidelity’s FBTC added another $191 million. Yet despite this institutional endorsement, Bitcoin has since retreated 2.95% to current levels around $90,025. Institutional Confidence Meets Technical Reality The ETF surge represents more than just numbers on a spreadsheet. Market participants note this influx signals a fundamental shift in institutional sentiment after a sluggish Q4 2025 that saw Bitcoin ETFs register meaningful activity on only eight trading days in December. “Spot ETF flows are a bellwether of sentiment,” explains Rachael Lucas, analyst at BTC Markets. The renewed allocations suggest long-term investors view current prices as attractive entry points, particularly with Bitcoin still trading roughly 28% below its all-time high of $124,658. However, on-chain data from CryptoQuant reveals a more nuanced picture. Bitcoin remains below the cost basis of coins moved 6-12 months ago, which sits near the psychologically crucial $100,000 level. This creates a natural resistance zone where previous buyers might look to exit at breakeven. Technical Indicators Paint Mixed Picture Binance spot data shows Bitcoin’s daily RSI sits at 50.07, perfectly neutral territory that suggests the market remains undecided about direction. More telling is the MACD histogram reading of 503.0545,…

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Filed under: News - @ January 8, 2026 7:24 am