2026-01-17 16:28:38

Bitcoin is currently oscillating around $95,000, with the market in a typical consolidation phase. From recent movements, the price has been testing the $94,000 to $96,000 range back and forth but has not yet formed a clear breakout direction.

Looking at historical data, in mid-January, BTC repeatedly approached the resistance level near $96,000 but failed to sustain a foothold each time. This repeated testing indicates that there is still significant disagreement between the bulls and bears in this area.

From a technical perspective, several key levels stand out: on the support side, $90,000 is the main bottom support, with a tighter support zone around $92,000 to $93,000. On the resistance side, $96,000 is the immediate obstacle, with the psychological barrier at $100,000 above it. Resistance at this level is relatively strong.

Overall, until these key levels are broken, the market may continue to fluctuate within this range in the short term, waiting for sufficient inflow of capital or triggering events to break the current balance.

BTC-0.12%

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ChainProspector

· 15h ago

Another sticky consolidation, so damn boring --- Cannot break 96,000, and don't even think about 100k, funds are all watching --- Basically, no one dares to lead the charge, everyone is waiting for the right moment --- Is the support at 92 to 93 really solid? Feels like it could break at any time --- After all this, we're still stuck in the same place, I'm getting a bit impatient --- This is probably the main force shaking out the weak hands, deliberately causing back-and-forth fluctuations --- Feels like we need policy news or some big event to get things moving --- If 90,000 really breaks, we'll directly return to a reasonable price level --- Every time we push to 96,000, it gets knocked down. Is someone trying to corner the market? --- Instead of waiting for a breakout, better to see who is accumulating at low levels

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MetaverseLandlady

· 15h ago

It's the same dead zone again, I'm already tired of it --- Why can't I get past this level of 96,000, it's really incredible --- Let's wait and see if it drops to 92,000, that would be a good buying point --- The bears are so fierce, it feels like it will shake until the end of the year --- Is 100k a dream, or do we have to wait for the Federal Reserve to loosen up --- Consolidation is just consolidation, anyway I won't chase high --- Every time it hits 96k, it gets smashed down, can it be different this time? --- Where is the incremental capital? Just waiting is not a solution

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NightAirdropper