Bitcoin surpasses $90,000. Can it break the all-time high in January?

【Blockchain Rhythm】Entering the first week of January, the crypto market has shown a clear warming trend. Bitcoin quickly recovered from the deep correction at the end of 2025, regaining the psychological threshold of $90,000 on January 4th. At the end of last year, Bitcoin had declined by about 6% cumulatively, failing to fulfill the traditional “four-year cycle” expectation, but this rebound came very decisively.

On the technical side, the $88,000 region acted as a strong barrier during the holiday period with low liquidity, successfully preventing a decline. Coupled with continuous inflows of spot ETF funds, market sentiment shifted from panic to cautious optimism. As of last Monday morning, Bitcoin was trading above $92,000, with the 100-hour moving average maintaining a bullish structure, and the next key resistance level targeting $95,000.

This rebound is not just Bitcoin celebrating. Mainstream assets like Ethereum, XRP, and others also saw slight rebounds, lifting the entire market. What does this indicate? Institutional funds are beginning to rebalance for the new fiscal year. An interesting phenomenon here is that the market structure has quietly shifted to be dominated by institutional capital, with retail traders’ volatile trading and emotional operations significantly decreasing.

On the macro level, the outlook is indeed positive. Slowing inflation and resilient US economy are important tailwinds. The continued expansion of stablecoins and US debt-linked assets is seen as a crucial channel for international funds to re-enter the crypto ecosystem.

Looking ahead, most analysts remain optimistic about the mid- to long-term outlook for 2026. Against the backdrop of ongoing institutional allocations and tightening available supply on exchanges, Bitcoin is expected to gradually rise to the $120,000–$150,000 range. In the short term, January may still experience some volatility and consolidation, but as long as the price holds above the critical support of $91,500, the window for a Q1 breakthrough to a new all-time high remains open.