Could More Geopolitical Tensions Bring BTC Back To Six Figures?

Bitcoin has hit a three-week high as geopolitical tensions re-escalate and analysts predict more gains to come if history rhymes.

BTC hit $93,000 in Asia on Monday morning after an attack by the United States on Venezuela last weekend.

Analysts are now looking for further potential gains and the possibility of a return to six-figure Bitcoin prices. Michael Nadeau of The DeFi Report drew comparisons between Russia’s invasion of Ukraine in early 2022, as BTC rose 22% in the weeks that followed.

“In the current environment, I expect a move for BTC towards the 50-week moving average around $101,700,” he says. said. “Now we have a catalyst. The main question is whether that level can hold if it is actually revised.”

A bear market bounce

What the analyst didn’t mention was the fact that 2022 was a bear market year in which BTC fell 77% from its all-time high. A similar bear market scenario in 2026 could see assets drop to $30,000.

Trader Aaron Dishner echoed sentiment, which stated that crypto markets would rebound in early January, as many traders would likely close out their positions for tax purposes before the end of 2025, and buy back aggressively in early 2026.

“But my target for BTC is still $100,000 before the next leg down, and I imagine a LOT of you are wondering WHY!? Well, this happens at the beginning of every previous bear market – in 2022, 2018 and 2015. This time is no different for me.”

Bitcoin entrepreneur Joe Consorti was also convinced of a return to the first six figures. BTC broke above the 50-day moving average for the first time since October, which is a test level not seen since early December, he said.

“Selling pressure may be nearing exhaustion. It is necessary to reclaim the 50-week MA and hold it at $101,000.”

BTC wakes up in the new year and is already up 6.24%.

For the first time since October, the price broke above the 50-day moving average. Testing levels not seen since early December.

The selling pressure could be running out.

Must claw back and hold the 50 week MA at $101,000. https://t.co/PlgD2IbnWX pic.twitter.com/EJVlVPLN6p

— Joe Consorti (@JoeConsorti) January 5, 2026

Bitcoin goes higher

BTC touched $93,000 twice in the past few hours, but failed to rise above it and fell back to $92,500 at the time of writing. The asset is now moving towards the upper band of a six-week sideways channel and needs to overcome resistance above $94,000 to break out.

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“There is strength behind this overall rise from rock bottom,” said analyst ‘Sykodelic’ who added: “Two days ago we had a double buy signal on relative strength.”