Bitcoin Could Hit $110K Soon if This Major Barrier Breaks

The long-standing bear market has caused uncertainty in the crypto market and caused Bitcoin’s price to stall, but there seems to be hope going into the new year. The asset may have a chance at rallying above $100,000 soon if it breaks a critical barrier.

Crypto analyst Michaël van de Poppe has pointed to the 20-Monthly Moving Average (MA) as the main level that bitcoin needs to take and hold above as a confirmation of a break out of the current range that has held it for so long.

He added that a monthly close above this level will place Bitcoin in a strong position, ready to start the new year with a rally to between $105k and $110k. This is great news for Bitcoin investors who have endured intense pain for months, but will it play out?

Bitcoin Still Trapped in Tight Range

With the prevailing negative market sentiment, Bitcoin has been held in a tight trading range that has hindered its breakout and rally. The asset is still locked in this range with the price at $88,960 at the time of this report. While this is an improvement from the lower prices, it is too early to rejoice because the range is far from giving way.

According to Poppe, bitcoin closing the month above the 20-Monthly MA will be great, but closing above $90,000 is even better. At the moment, the price is still below the crucial level which it has attempted to reclaim but failed severally. Analysts have long said that $90,000 is vital because it could be the level from which Bitcoin’s rally begins.

A disturbing trend is the drop in Bitcoin active address count which analysts say indicates a slowdown in the market. This slowdown has spread to other assets like Ethereum and Solana, and unless there’s a reversal, breaking out of the range may be difficult, with the number of active addresses also dropping steeply. 

2026 Could be a Good Year for Bitcoin

Despite the negativity around Bitcoin and the weakness that has held it back, 2026 may be a good year for the asset. Apart from Poppe’s prediction, prediction data has revealed that Bitcoin is likely to outperform gold in 2026.

Gold has so far outperformed Bitcoin greatly, reaching several all-time highs in 2025. Investors had expected that the gold rally would circle back capital into Bitcoin but this has not happened, which means the rally may have been delayed till next year.

More Must-Reads:

• Bitcoin Versus Gold Sends A New Signal Into 2026
• Attacks on Michael Saylor Point to Bitcoin Bottom, Experts Say
• Bitcoin’s Cycle Clock Is Ticking Toward October 2026