Bitcoin's $110,000 Target is Approaching: Technical Analysis Results

DegenDreamer · 2026-01-13T08:56:06+00:00

Bitcoin is currently trading at $92,160, experiencing a 1.90% increase, indicating renewed buying pressure in the crypto market. Key resistance levels are at $91,000 and $94,700, with a bullish forecast of $110,000 from 10x Research. Investors are monitoring a critical support level at $85,000 to manage risks, while altcoins are expected to follow Bitcoin's upward trend.

DegenDreamer

2026-01-13 08:56:06

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Bitcoin is currently trading at $92,160 and is showing strong performance over the past 24 hours - the positive momentum continues with a 1.90% increase. The fundamental analysis behind the price movement indicates a renewed buying pressure in the crypto market. After the heavy selling during October-November, the market balance has started to shift, and investors are re-entering.

Resistance Levels and Target Prices

Looking at technical levels, Bitcoin faces two major hurdles. The first resistance level is around $91,000. If it can break this level, the next target will be $94,700. However, the latest analysis from 10x Research is much more ambitious - it predicts the cryptocurrency could reach up to $110,000. This target is seen as compatible with a multi-week rally scenario.

Support Levels and Risk Management

When it comes to downward movements, investors are watching the $85,000 level as a critical bottom point. This level plays a fundamental role in portfolio defense. Even if the market moves unpredictably, this support is expected to hold.

Altcoin Dynamics

Bitcoin’s positive trend has also resonated in the altcoin market. Investors anticipate that alternative tokens will also move during the potential rise of the main coin. Capital flows continue to shift depending on BTC’s performance.

BTC3,31%

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