Bitcoin Tests Key $93,500–$94,000 Resistance as David Cox Highlights Bullish Moving Averages

On January 5, 2026, analyst David Cox stated that Bitcoin is challenging a crucial resistance area between $93,500 and $94,000 while its daily moving averages have turned bullish. He pointed out that the price has moved back above the 50-day simple moving average and that the broader structure of higher highs and higher lows remains intact, with the 200-day SMA near $106,645 seen as the next major upside objective.