Bitcoin nears key support as rising trendline strength and liquidity signals prompt analysts to assess whether a short-term rebound toward $97,000 is forming.
Historical patterns and recent technical setups suggest that traders and institutional participants are closely watching price dynamics for clues of sustained momentum. While volatility remains elevated, BTC’s behavior near $92,000–$95,000 offers insight into the market’s next directional move.
Bitcoin Price Today Shows Potential Recovery After Recent Dip
Bitcoin recently traded around $95,000 as of January 18, 2026, after a dip from $96,000 to $92,500. The decline coincided with broader market uncertainty following U.S. tariff announcements targeting European goods, triggering risk-off behavior in global markets.
Bitcoin holds a key rising trendline, signaling a potential bounce toward $94.5K–$96K, while a break would change the outlook. Source: CryptoBusy via X
On the technical side, BTC appears to be forming a bullish bounce setup. Historically, liquidity sweeps—where price briefly dips below a support level to trigger stop-loss orders before reversing—have often preceded short-term relief rallies. In this instance, price reclaimed the intraday low near $92,000, suggesting that larger players may be absorbing sell pressure and defending key support.
CryptoBusy, an analyst specializing in intraday technical patterns, commented, “Price rejected quickly and reclaimed above the intraday low, which is what you want to see if buyers are still in. The key area near $92,000 is crucial for maintaining momentum.”
Bitcoin Technical Analysis Today
A 1-hour BTC chart shows sideways movement following a recent bullish impulse. Short-term Exponential Moving Averages (EMA 9, EMA 21, EMA 50) indicate that BTC is trading slightly below key levels, reflecting temporary pressure without confirming a full bearish trend.
Bitcoin is consolidating near $95K, with key resistance at $95.8K–$97.2K and support at $92K–$94.9K; a break could determine the next move. Source: Harry_Megat on TradingView
- Near-term resistance: $95,700–$95,800
- Major resistance: $96,800–$97,200
- Immediate support: $94,700–$94,900
- Major support: $92,000–$92,500
A close above $95,800 on the hourly chart would reinforce the likelihood of a move toward $97,000. Conversely, a breakdown below $92,000 would invalidate the bullish scenario, potentially opening the door to a deeper retracement.
Interpreting these levels, defending the ascending support line is critical: when BTC holds above $92,000, short-term buyers are likely to target the $94,600–$97,000 range, consistent with historical patterns where trendline defense preceded a corrective upswing.
Market Reactions to Global Events
Bitcoin’s recent pullback was influenced in part by U.S. tariff announcements affecting European trade. ArdiNSC, a macro-focused crypto analyst monitoring market reactions to geopolitical developments, explained, “Risk-off trading in global markets wiped out weekly gains, fueling bearish calls amid ongoing post-election volatility.”
Bitcoin dropped from $96K to $92.5K on January 18, 2026, as U.S. tariff news triggered selling and wiped out weekly gains. Source: Ardi via X
While macro events can trigger sharp intraday movements, BTC’s price structure demonstrates resilience. Historical data suggests that when Bitcoin maintains support near critical trendlines during such events, short-term rebounds are frequently observed, particularly if liquidity absorption occurs near key levels.
Super Cycle Potential Post-Halving
Some analysts, including Ali Charts, known for long-term cycle analysis using historical Bitcoin drawdowns, highlight a potential supercycle after the 2024 halving. Comparing the 2022 bear market drop from $69,000 to under $20,000 with the current 2026 price action, chart patterns suggest that corrections can precede extended bull runs.
Ali Charts suggests 2026’s BTC correction may mirror 2022, potentially leading to a super cycle, but confirmation is needed. Source: Ali Martinez via X
Ali Charts clarified, “Historical parallels show that corrections can fuel larger uptrends. However, confirmation is needed before labeling this a super cycle, as macro conditions differ from 2022’s inflation-driven tightening.”
In practical terms, this means that while BTC could enter a multi-year rally, short-term scenarios depend on price behavior near established support zones, rather than assuming automatic upside.
Bitcoin Price Forecast and Outlook
Currently, Bitcoin’s short-term forecast is cautiously bullish. Key signals include
- Support defense near $92,000–$92,500
- Price reclaiming intraday lows after liquidity sweeps
- Trendline resilience observed in multiple touchpoints
Bitcoin was trading at around $92,716, down 2.43% in the last 24 hours at press time. Source: Bitcoin price via Brave New Coin
Conditional scenarios:
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Bullish case: If BTC continues to hold above $92,000, a rebound toward $94,600–$97,000 is plausible.
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Bearish invalidation: A sustained drop below $92,000 would likely trigger further downside and invalidate the short-term bullish setup.
Investors tracking the bitcoin price today, the BTC price prediction for 2025, and the bitcoin price forecast for 2030 should monitor the $92,000–$97,000 range closely. This area will determine whether BTC resumes a recovery or faces renewed pressure.
Source: https://bravenewcoin.com/insights/bitcoin-price-prediction-btc-price-eyes-97k-as-bullish-trendline-and-liquidity-sweep-signal-rebound
