In the dusty plains of the financial frontier, Bitcoin stands tall, its price hovering near $92,500, a modest 1% gain in the last day. Yet, like a stubborn mule on a long trail, itâs been climbing for five straight sessions-the longest streak since the leaves turned in October. The air is thick with anticipation, and the trading volume has swelled to a hearty $37 billion. Even the lesser beasts of the crypto corral-Ethereum, Solana, and XRP-have nudged forward, their gains a quiet 0.7% to 3% in the past 24 hours.
Gold Takes a Siesta, Bitcoin Grabs the Reins
The sages of the market, squinting at their charts like old farmers at the weather, have noticed a pattern as predictable as the seasons. From 2016 to 2026, Bitcoin has danced to goldâs tune, rising only after the precious metal has had its moment in the sun. This waltz was seen in 2017 and again in 2020, when gold reached its peak and then took a breather, leaving room for Bitcoin to strut its stuff. MichaĂ«l van de Poppe, a man who reads charts like a cowboy reads the stars, pointed out this recurring rhythm. âGoldâs had its day,â he drawled, ânow itâs time for a nap.â
âItâs very expectable to see a corrective period on gold,â he said, his tone as dry as a desert wind.
He reckons the next 1.5 to 2 years could be Bitcoinâs rodeo, with price moves as wild as a bucking bronco. And sure enough, BTC has broken free of its old shackles, trading near levels not seen since its last stumble. Van de Poppe, ever the optimist, sees $93,000 as the last fence before the $100,000 prize.
There we go!
Final hurdle before $100K: thatâs where #Bitcoin is currently at.
I wouldnât expect a clear-cut, immediate breakout; however, I do expect to see it happen in the coming week.
The year started bullish. đ
– MichaĂ«l van de Poppe (@CryptoMichNL) January 5, 2026
While he doesnât expect a sprint, heâs betting on a steady trot higher. Support levels have formed between $85,000 and $88,500, like trusty sidekicks ready to catch a fall. A deeper stumble might test $80,500, where Bitcoin found its footing last month. But with trading volumes rising, the buyers are circling like vultures, eager for the next move.
Short-Term Gambles and the Marketâs Gaze
Trader Merlijn, a man whoâs seen his share of market dust-ups, noted that Bitcoin has cleared $91,000 and is holding steady. His targets? $93,000 and $94,600, like posts on a trail. âAs long as $88.5K holds,â he said, âweâre riding high. Lose it? Well, thatâs when we start patching up the wounds.â
âAs long as $88.5K holds, the bias remains up. Lose it? We switch to damage control.â
Daan Crypto Trades, another market wrangler, chimed in about Bitcoinâs first-quarter strength. Even in lean years, he said, Q1 has been a steady ride. As the new year unfolds, all eyes are on whether this trend will hold. Price predictions are flying like gossip in a small town, with some calling for new highs above $126,000 or even a staggering $210,000 by yearâs end. đ
Read More
- Abiotic Factor Update: Hotfix 1.2.0.23023 Brings Big Changes
- Gold Rate Forecast
- Iâm Convinced The Avengers: Doomsday Trailers Are Using The Same Trick As Infinity War
- Answer to âHard, chewy, sticky, sweetâ question in Cookie Jam
- Silver Rate Forecast
- Brent Oil Forecast
- Katanireâs Yae Miko Cosplay: Genshin Impact Masterpiece
- Netflix Officially Gave The NFL Its Most-Watched Game
- Stranger Things Season 5 finaleâs âmost important detailâ sparks Eleven survival theory
- Top gainers and losers
2026-01-05 15:14