Bitcoin (BTC) Price Analysis for January 6
Analysis
Price Impact
MedThe analysis indicates potential short-term drops to the $92,500-$93,000 range, representing a notable movement. midterm, it suggests a significant push towards $100,000, which would be a high impact move from the stated price of $93,724.
Trustworthiness
LowThe bitcoin prices referenced in the article (e.g., $93,724, $93,121, $100,000) are fundamentally incorrect and significantly higher than any historical or current btc trading values, especially for january 6. this critical factual error renders the entire analysis irrelevant and unreliable for real-world trading decisions.
Price Direction
NeutralThe immediate outlook suggests bearish pressure, with bitcoin potentially testing lower support levels ($92,500-$93,000) and possibly dropping further 'this week.' however, a midterm view highlights a potential 'blast to the $100,000 area' if bulls maintain control, indicating conflicting signals depending on the timeframe.
Time Effect
Short | longThe analysis provides both an hourly chart perspective for immediate price movements and potential drops 'this week' (short-term), as well as a 'midterm point of view' focusing on a potential move towards $100,000 (long-term).
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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 Bulls remain more powerful than bears today, according to CoinMarketCap . Advertisement Top coins by CoinMarketCap BTC/USD Bitcoin (BTC) is the exeption to the rule, falling by 0.44% over the last 24 hours. Image by TradingView On the hourly chart, the rate of BTC is on its way to the local support at $93,121. If sellers' pressure continues, one can expect a level breakout, followed by a further drop to the $92,500-$93,000 range. Image by TradingView On the longer time frame, the price of the main crypto has made a false breakout of the formed resistance at $94,652. You Might Also Like Mon, 01/05/2026 - 15:40 XRP Price Analysis for January 5 By Denys Serhiichuk If the daily bar closes far from that mark, there is a high chance of seeing a test of the $92,000-$93,000 area this week. Image by TradingView From the midterm point of view, traders should focus on the nearest level of $94,652. If bulls can hold the gained initiative, the accumulated energy might be enough for a blast to the $100,000 area. Bitcoin is trading at $93,724 at press time. #Bitcoin Price Prediction