Rebeca Moen
Jan 03, 2026 15:30
Bitcoin’s technical indicators suggest a move toward $96,850 resistance within 2 weeks, with current momentum favoring bulls despite trading near Bollinger Band resistance.
BTC Price Prediction Summary
• BTC short-term target (1 week): $94,500 (+4.9% from current levels)
• Bitcoin medium-term forecast (1 month): $92,000-$98,500 range with bias toward upper end
• Key level to break for bullish continuation: $96,846 strong resistance
• Critical support if bearish: $84,450 immediate support, then $80,600 strong support
Recent Bitcoin Price Predictions from Analysts
The cryptocurrency market has entered 2026 with relatively muted analyst commentary in the first three trading days. This absence of fresh predictions creates an opportunity for data-driven technical analysis to guide our BTC price prediction. The lack of recent analyst noise suggests the market is in a consolidation phase, allowing technical factors to drive price action more effectively.
Without conflicting analyst opinions clouding the picture, the current Bitcoin forecast can focus purely on what the charts are revealing about potential price movements.
BTC Technical Analysis: Setting Up for Measured Bullish Move
Bitcoin’s technical profile presents a compelling case for a measured upward move. The current price of $90,070 sits strategically above the 20-day SMA ($87,884) and near the 50-day SMA ($89,314), indicating short-term momentum remains intact despite being well below the 200-day SMA ($106,751).
The MACD histogram reading of 485.58 provides the strongest bullish signal in our Bitcoin technical analysis. This positive momentum indicator, combined with the MACD line (-380.18) trending above the signal line (-865.76), suggests underlying buying pressure is building. The RSI at 54.18 remains in neutral territory, providing room for upward movement without entering overbought conditions.
Bitcoin’s position at 1.00 on the Bollinger Bands indicator shows price touching the upper band resistance at $90,063. Historically, this level often acts as a launching pad for breakout moves when supported by positive momentum indicators.
The Average True Range of $2,510 indicates healthy volatility levels that support our BTC price target calculations. Daily trading volume of $1.13 billion on Binance confirms sufficient liquidity for the predicted price movements.
Bitcoin Price Targets: Bull and Bear Scenarios
Bullish Case for BTC
The primary BTC price target sits at $96,846, representing the strong resistance level identified in our technical analysis. This target offers a 7.5% upside from current levels and aligns with the measured move projection based on recent trading ranges.
For this bullish Bitcoin forecast to materialize, BTC needs to break above the immediate resistance at $90,961 with conviction. A sustained move above this level would trigger algorithmic buying and likely propel Bitcoin toward the $94,500 intermediate target within one week.
The ultimate bullish scenario envisions a test of psychological resistance near $98,500, which would represent a significant recovery from the current position 27.75% below the 52-week high of $124,658.
Bearish Risk for Bitcoin
Should the current technical setup fail, the immediate support at $84,450 becomes critical for maintaining the weak bullish trend. A breakdown below this level would invalidate our current BTC price prediction and open the door for a test of strong support at $80,600.
The bearish scenario would be confirmed by RSI dropping below 45 and MACD histogram turning negative. In this case, Bitcoin could revisit the 52-week low region around $84,739, representing a 6% downside risk from current levels.
Should You Buy BTC Now? Entry Strategy
Based on our Bitcoin technical analysis, the optimal entry strategy involves scaling into positions on any dip toward $88,500-$89,000, which coincides with the 20-day and 50-day moving average confluence.
Recommended Entry Levels:
– Primary entry: $88,500-$89,000 (pullback to MA support)
– Aggressive entry: Current levels around $90,000 for immediate exposure
– Conservative entry: Wait for break above $91,500 for momentum confirmation
Risk Management:
– Stop-loss: $87,000 (below 20-day SMA with buffer)
– Take-profit 1: $94,500 (partial position closure)
– Take-profit 2: $96,846 (final target)
Position sizing should remain conservative given Bitcoin’s 27% distance from recent highs and the potential for broader market volatility in early 2026.
BTC Price Prediction Conclusion
Our comprehensive analysis supports a medium confidence BTC price prediction targeting $96,850 within the next two weeks. The combination of positive MACD momentum, neutral RSI positioning, and strategic placement relative to key moving averages creates a favorable technical setup.
Key indicators to monitor:
– Daily close above $91,500 would confirm bullish momentum acceleration
– RSI maintaining above 50 supports continued upward bias
– Volume expansion on any breakout attempt validates the move
Timeline confidence:
– 1-week target of $94,500: High confidence (75%)
– 2-week target of $96,846: Medium confidence (60%)
– Monthly range $92,000-$98,500: High confidence (80%)
This Bitcoin forecast assumes normal market conditions and absence of major external disruptions. Traders should monitor the $84,450 support level closely, as a breakdown would require reassessment of the bullish thesis and potential adjustment to our buy or sell BTC recommendation.
Image source: Shutterstock
Source: https://blockchain.news/news/20260103-price-prediction-target-btc-bitcoin-eyes-96850-as-technical-setup
