Bitcoin is holding a $60,000–$73,000 range, but multiple bearish chart structures suggest a deeper move could follow if $60,000 breaks. A multi-day close above $76,000 and a retest near $75,000 are described as key to invalidating the pattern. Some analysts also point to $52,500 as a downside level, while derivatives data show liquidation risk clustered around $63,000–$65,000.

Bitcoin (BTC) moved above $66,000 after US equities closed higher, with the Dow up 370 points and the S&P 500 rising 0.77%. Analysts emphasized reclaiming the former $65,000 support and defending $60,000, while Material Indicators flagged a $4.5 million spot buy by "mega whales".

At the start of 2026, Bitcoin rebounded toward its weekly range high, reaching $94,800 amid improving sentiment and trading activity. After failing to hold above $95,000, the price is retesting support around the 20-day moving average near $89,400, while technical levels and liquidation clusters suggest another futures-led push toward $95,000 and possibly $101,500. Recent data also show nearly $1.1 billion in futures buy volume accompanying the Jan. 5 rally, triggering about $100 million in short liquidations on the BTC/USDT pair at Binance.