Bitcoin (BTC) Price Analysis for January 2
Analysis
Price Impact
MedBitcoin has seen a 1.70% rise. while a short-term breakout to $90,000-$91,000, and potentially $94,000, is highlighted if key resistance levels are breached, the midterm view indicates sideways trading due to low volume and distance from key levels.
Trustworthiness
MedThe analysis is based on technical chart patterns and price action, with specific resistance levels identified for potential upward movement. however, it includes disclaimers and offers a mixed midterm outlook.
Price Direction
BullishOn the hourly chart, a potential breakout above $89,816 could lead to $90,000-$91,000. on the daily chart, a clear break above $90,492 could propel btc to the $94,000 area. the overall short-term sentiment points to upward potential, despite a neutral midterm outlook.
Time Effect
ShortThe hourly chart analysis refers to movements 'by tomorrow,' while the daily chart scenario is relevant 'until the end of the month,' indicating a short to medium-term horizon for the identified price targets.
Original Article:
Article Content:
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News The decline has not lasted long, and the top 10 coins are again in the green zone, according to CoinStats . Advertisement BTC chart by CoinStats BTC/USD The rate of Bitcoin (BTC) has risen by 1.70% since yesterday. Image by TradingView On the hourly chart, the price of BTC has made a false breakout of the formed resistance at $89,816. As most of the daily ATR has been passed, there are low chances to see sharp moves by tomorrow. You Might Also Like Thu, 01/01/2026 - 16:24 Bitcoin (BTC) Price Analysis for January 1 By Denys Serhiichuk However, if the candle closes near the aforementioned mark, the growth may lead to a test of the $90,000-$91,000 zone. Image by TradingView On the bigger time frame, one should pay attention to the nearest level at $90,492. If a breakout happens, the accumulated energy might be enough for a further upward move to the $94,000 area. Such a scenario is relevant until the end of the month. Image by TradingView From the midterm point of view, neither side is dominating as the rate of the main crypto is far from the key levels. The volume is also low, which means sideways trading around the current prices is the more likely option for BTC. Bitcoin is trading at $89,616 at press time. #Bitcoin Price Prediction