Bitcoin Price Prediction: BTC Ends Two-Month Consolidation and Moves Toward $107,000
The post Bitcoin Price Prediction: BTC Ends Two-Month Consolidation and Moves Toward $107,000 appeared on BitcoinEthereumNews.com.
Key highlights: Bitcoin has broken out of a two-month consolidation range after reclaiming levels above $96,000. Analysts point to strong technical signals, while corporate Bitcoin accumulation continues at record levels. Market participants remain divided on whether the breakout will hold or fade in the coming weeks. Bitcoin has ended a two-month period of sideways trading, breaking out of the $94,000-$96,000 range and signaling a potential shift in momentum. On January 13, the asset reached $97,939, gaining 6.36% in just two days. The move has drawn attention from technical analysts and market observers, many of whom are now watching closely to see whether Bitcoin can sustain its breakout or if the rally risks fading. Bitcoin attempts breakout after two months of consolidation According to analyst Crypto Candy, Bitcoin is attempting to break out after an extended range-bound phase. He noted that a successful breakout would require the price to hold above the $94,000 level and continue building upward momentum. BTC/USD 1-day chart. Source: Crypto Candy via X If that scenario plays out, Bitcoin could advance toward the $107,000 area in the coming weeks. However, failure to consolidate above former resistance may turn the move into a false breakout, potentially sending prices lower. A similar view was shared by Plan C, the creator of Bitcoin’s quantile model. He indicated that recent charts suggest the accumulation phase may be ending, with early signs pointing toward the start of a new upward trend. BTC/USD 1-day chart. Source: Plan C via X Adding to this perspective, trader Daan Crypto Trades emphasized the importance of the $93,000-$94,000 zone for bullish market structure. He identified the $98,000–$99,000 area as the first major resistance, noting that this zone previously acted as a key support level during 2025. $BTC That didn’t take long indeed. First proper breakout of this…
Filed under: News - @ January 16, 2026 3:24 am