The first cryptocurrency may surpass the psychologically significant $100,000 mark by the end of January if it can hold above $92,000, according to Michaël van de Poppe, founder of MN Fund.
So far, so good.
— Michaël van de Poppe (@CryptoMichNL) January 12, 2026
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
He noted that buyers are actively accumulating Bitcoin within the current range, with the asset's price remaining above the 21-day moving average.
“Given that the markets have been in this range for so long, it underscores the importance of the levels where a breakout could occur,” the expert stated.
According to van de Poppe's forecast, a confident breakout above $92,000 could lead to reaching $100,000 within a maximum of ten days.
At the time of writing, Bitcoin is trading around $92,300, having increased by 1.8% in the last 24 hours.
Similar sentiments are echoed by an analyst known as Wise Crypto, who stated that the outflow of funds from Bitcoin has reached a bottom, and the cryptocurrency has entered a recovery phase.
However, the current price remains below the mining cost (~$101,000), which has historically coincided with market lows.
Wise Crypto also pointed to a potential macro driver: the proposed 10% cap on credit card interest rates by U.S. President Donald Trump. This could push millions towards Bitcoin and DeFi.
“This is compounded by favorable political changes in the U.S., an influx of over $56 billion into spot BTC-ETFs, and Changpeng Zhao's statement about a possible 'supercycle' in the crypto market. Short-term momentum for Bitcoin is gaining strength,” the expert added.
Cautious Optimism
Analysts at Bitfinex Alpha have taken a more neutral stance. They observe that Bitcoin is currently testing a key resistance zone between $93,500 and $95,000.
The first cryptocurrency has entered a dense supply zone where recent buyers are concentrated at peaks, with their entry prices ranging from $92,100 to $117,400. As the price approaches this range, pressure from those looking to close positions without losses will increase.
“This creates significant resistance on the way up and indicates that further rallies will require time and sustained spot demand to absorb this volume of supply,” the experts noted.
The derivatives sector appears more balanced following a sharp decline in open interest. There is cautious optimism with long-term positions betting on growth and short-term hedging against declines.
Positive macro factors (expectations of increased liquidity) are facing technical obstacles (resistance zone) and structural changes. Regulators worldwide—from Japan to the U.S.—are actively integrating cryptocurrencies into the traditional system, leading to greater stability and increased systemic constraints.
The analysts concluded that for the market to enter a sustainable bullish trend, it must overcome resistance and confirm the strength of institutional demand through stable inflows into ETFs.
Bearish Patterns
An analyst under the pseudonym Doctor Profit stated that Bitcoin is forming three significant bearish signals simultaneously:
- Bearish divergence, which is already active on weekly and monthly charts.
- Bearish flag, pointing directly towards the $70,000 area.
- Head and shoulders pattern “is still in play.”
The expert did not rule out the possibility of a rise to the $97,000-$107,000 zone, where significant liquidity is concentrated. However, he stated that reaching the $70,000 level is “only a matter of time.”
Source: X.
“The probability of a decline to $70,000 is currently assessed as 50/50. The market may either break the 'bearish flag' and head straight to $70,000, or first complete the formation of the 'head and shoulders' before moving to that level. This is the only uncertainty, but the ultimate target ($70,000) remains unchanged,” he emphasized.
Powerful Catalyst
Analysts David Brickell and Chris Mills believe that a weakening U.S. dollar will serve as a powerful catalyst for Bitcoin's growth. They argue that the first cryptocurrency is an optimal asset for trading against devaluation.
“[Bitcoin] will reclaim its status as the number one asset for returns in 2026,” the experts emphasized.
They expect that ahead of the November midterm elections, Trump will start “handing out goodies,” which many view as a crucial assessment of the White House administration's effectiveness.
Earlier this year, a similar thesis was put forward by BitMEX co-founder Arthur Hayes, who stated that a combination of a weakening dollar and large government payouts could propel Bitcoin's price to $200,000 in the first quarter.
Over the past 12 months, the dollar's value has dropped by 10%. Initially, the pressure on the U.S. currency was caused by a trade war initiated by Trump against China and other U.S. trading partners.
Subsequently, the negative trend was exacerbated by significant geopolitical instability and expectations that the Fed will continue to lower interest rates and inject hundreds of billions of dollars in liquidity into the economy.
Brickell and Mills are confident that the U.S. administration is deliberately aiming for an “overheating economy,” which will cause the strategy based on dollar devaluation to enter “maximum intensity” in 2026.
Recall that in January, analysts noted Bitcoin's attempts to hold above $92,000 and assessed the likelihood of a trend reversal.