Bitcoin (BTC) has started 2026 with renewed momentum, continuing a recovery that began in the final days of December and pushing prices back above key psychological levels.
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After closing 2025 with a modest decline that challenged expectations around the traditional four-year cycle, the largest asset has reclaimed the $90,000 zone and is trading above $92,000. The move reflects a mix of technical issues, steady institutional inflows and easing selling pressure, even if there is long-term skepticism.
BTC's price records moderate gains on the daily chart. Source: BTCUSD on Tradingview
Technical structure points to higher levels
The daily chart shows Bitcoin (BTC) has formed a rounded base that resembles the early stages of a cup-and-handle pattern, a structure often associated with trend continuation.
Recent candles have closed higher, although long upper wicks suggest some resistance near current levels. Analysts note that maintaining a sustainable position above the $89,500–$90,000 range is crucial to maintain the bullish setup.
A confirmed break above the $94,700 area could confirm the pattern and open the door for a moderate move towards the $100,000-$104,000 zone, implying an upside of around 10-12% from recent prices.
Shorter term indicators are also showing improving momentum, with higher lows forming on shorter time frames and moving averages beginning to rise. However, the increased leverage on derivatives platforms means that pullbacks can still lead to sharp liquidations if support levels are breached.
Bitcoin ETF inflows and on-chain data support this move
In addition to charts, underlying market data points to reduced distribution. Currency inflows have fallen sharply since late December, indicating lower immediate selling pressure. On-chain statistics show that both short-term and long-term holders are moving fewer coins, indicating a preference to hold rather than sell on strength.
Institutional demand has also picked up again spot Bitcoin ETFs. In early January, there were net inflows of more than $600 million in one session, reinforcing the view that larger investors continue to treat Bitcoin as a portfolio allocation rather than a short-term trade.
This steady accumulation has helped Bitcoin absorb macro-driven volatility, including recent geopolitical headlines that briefly lifted broader risk assets.
Skepticism remains in Market Eyes’ 2026 prospects
Not everyone is convinced that the recovery will last. Economist Peter Schiff has reiterated its long-standing view that Bitcoin’s rally is unsustainable, arguing that recent gains in precious metals offer a stronger long-term argument.
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Still, Bitcoin remains roughly 26% below its all-time high, leaving room for further debate on valuation and direction. Consequently, the market appears to be focused on whether Bitcoin can build on its early 2026 recovery.
Cover image of ChatGPT, BTCUSD chart from Tradingview
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