A Bitcoin on top of a histogram
Bitcoin has entered another restricted trading range, capped at $92,000, after failing to sustain last week’s rally. Nevertheless, it has retested a key support level, bounced off strongly, and now faces a major hurdle ahead as it attempts to explore higher prices.
According to analysis shared by Crypto VIP Signal on X, Bitcoin retested and bounced off the support at $90,000, and is heading towards the $94,000 to $94,500 resistance. If it succeeds in breaking this resistance, it still needs to break above $95,000 for a higher chance of a quick move towards $100,000.
$95,000 Stands in Bitcoin’s Way
Bitcoin staged a strong rally to $94,000 that started in the first week of January and into the second. This was the first major rally in over a month, as the crypto market struggled through most of Q4 2025. The resistance at $94,000, however, cut the rally short, forcing Bitcoin to drop below $90,000 again briefly on January 8th, but with a quick rebound.
Since then, the coin has traded above the $90,000 support and tapping $92,000 a couple of times. At the time of this report, the coin is trading around $92,200, which it has not reached since January 7th. If it succeeds in breaking out of the small range it has established, it could target the next resistance at $94,000 before breaking through $95,000.
Significant to this rally is the 21-day Moving Average (MA), which is currently a critical support that Bitcoin has been trading above. With that level in place, crypto analyst Michaël van de Poppe believes Bitcoin can start heading upwards in a few days.
He also referred to the clarity bill, which is pending approval by the U.S. Senate, as a necessary fuel that could push the coin to break above $95,000, after which a rally to higher prices could come into view.
New Institutional Buys Could Strengthen BTC
Although Bitcoin was rejected at the key $94,000 level, factors such as new purchases from major institutions could play a role in its expected recovery. One of them is the recent purchase of 13,627 BTC by Strategy, a top institutional Bitcoin holder.
Such huge purchases and accumulations are potential fuel for the price of the coin, serving as the support that can make the expected rally to higher prices possible as they continue to hold the asset.
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