Bitcoin could clear the psychologically important $100,000 level by the end of January if it manages to hold above $92,000, according to MN Fund founder Michaël van de Poppe.
So far, so good.
This is great.
No drop beneath the 21-Day MA.
Buyers stepping in to accumulate #Bitcoin at these regions.
Given the fact that the markets hang in this range for such a long time, it shows the significance of the potential breakout levels.
In that regard,… pic.twitter.com/ufN17wJsgk
— Michaël van de Poppe (@CryptoMichNL) January 12, 2026
He said buyers are actively accumulating bitcoin within the current range. The price has not fallen below the 21-day moving average.
“Given that the markets have stayed in this range for so long, it underscores the significance of the potential breakout levels,” the expert noted.
Van de Poppe predicts that a decisive break above $92,000 would lead to $100,000 within a maximum of ten days.
At the time of writing, bitcoin trades around $92,300, up 1.8% over the past 24 hours.
A similar view is shared by the analyst known as Wise Crypto. He said outflows from bitcoin have reached a bottom and the cryptocurrency has entered a recovery phase.
At the same time, the current price remains below the cost of mining (~$101,000), which has historically coincided with market lows.
Wise Crypto also pointed to a potential macro driver: President Donald Trump’s proposed 10% cap on credit-card interest rates. This could push millions of people toward bitcoin and DeFi.
“Added to this are favourable political changes in the United States, inflows of more than $56bn into spot BTC-“ETF “and Changpeng Zhao’s statement about a possible ‘supercycle’ in the crypto market. The short-term momentum for bitcoin is gaining strength,” the expert added.
Cautious optimism
Bitfinex Alpha analysts struck a more neutral tone. In their view, bitcoin is currently testing key resistance at $93,500-$95,000.
The coin has entered a dense supply zone, where recent peak buyers are concentrated. Their entry prices range from $92,100 to $117,400. As the price approaches this band, pressure from those looking to exit at breakeven will grow.
“This creates substantial resistance on the way up and suggests that further rallies will require time and steady spot demand to absorb this supply,” the experts noted.
After a sharp reduction in open interest, the derivatives sector looks more balanced. There is cautious optimism with longer-term bullish positioning and short-term downside hedging.
Positive macro factors (expected liquidity growth) are confronting technical obstacles (a resistance zone) and structural changes. Regulators around the world — from Japan to the United States — are actively integrating cryptocurrencies into the traditional system. This brings greater stability alongside tighter systemic constraints.
The analysts concluded that to enter a sustained bull trend the market needs to overcome resistance and confirm the strength of institutional demand through steady ETF inflows.
Bearish patterns
The analyst known as Doctor Profit said that bitcoin is forming three serious bearish signals simultaneously:
- Bearish divergence, already active on the weekly and monthly charts.
- A bear flag pointing directly toward the $70,000 area.
- A head-and-shoulders pattern that “is still in play”.
He did not rule out a rise to $97,000-$107,000, where significant liquidity is concentrated. However, reaching $70,000 is “only a matter of time”, he said.
“The probability of a decline to $70,000 is currently assessed as 50/50. The market can either break the ‘bear flag’ and head straight to $70,000, or first complete the formation of the ‘head and shoulders’ and then move to that mark. This is the only uncertainty, but the end target ($70,000) remains unchanged,” he stressed.
A powerful catalyst
Analysts David Brickell and Chris Mills believe that a weakening US dollar will be a powerful catalyst for bitcoin. In their words, the first cryptocurrency is the optimal asset for trading devaluation.
“[Bitcoin] will reclaim its status as the number-one performing asset in 2026,” the experts stressed.
They expect that ahead of November’s midterm elections Trump will start “handing out goodies”, which many view as a decisive assessment of the White House administration’s performance.
At the start of the year, BitMEX co-founder Arthur Hayes advanced a similar thesis. He said that a combination of dollar weakness and large-scale government payouts could launch bitcoin’s price to $200,000 as early as the first quarter.
Over the past 12 months, the dollar has fallen by 10%. Initial pressure on the American currency was driven by the trade war launched by Trump against China and other US trading partners.
Subsequently, the negative trend was exacerbated by significant geopolitical instability and expectations that the Fed will continue to cut interest rates and pump the economy with hundreds of billions of dollars in additional liquidity.
Brickell and Mills are confident that the US administration is deliberately seeking to “overheat the economy”, which is why the strategy based on dollar weakness will “switch to maximum intensity” in 2026.
In January, analysts noted attempts by bitcoin to hold above $92,000 and assessed the likelihood of a trend reversal.