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Bitcoin Grills Old Resistance as Venezuela Volatility Boosts Bulls
Bitcoin is finally offering bulls a sense of something other than disappointment as the week begins at $93,000.
BTC price action has reacted encouragingly to the geopolitical changes over the weekend, and Venezuela is now tipped as the week’s main volatility catalyst.
Rumors of a secret Venezuelan BTC stash worth a giant $60 billion are circulating — something that could now fall under the control of the US.
Market nerves were nowhere to be seen as Asian stock markets returned, while gold and silver futures gained in step with US dollar strength.
In the meantime, few seem to care about the US Federal Reserve cutting interest rates at its January meeting.
As a broad local uptrend ensued, Bitcoin traders nonetheless started asking the key question: Is this just another fakeout?
BTC/USD definitely has its fair share of resistance hurdles to overcome as it stays below the 2025 yearly open. Early bullish signals, however, are already here, including a key “golden cross” now in the making.
Can Bitcoin really pull off a long-awaited rebound? Whales may have something to say, having upped selling over the new year as buyers stay muted.
As traders buckle up for BTC price swings, Cointelegraph delves deeper into the week’s main talking points.
Continue reading to discover five things to follow as Bitcoin navigates a wild first full trading week of 2026.

Back to $80,000?
After what seems like forever, Bitcoin is finally pushing higher again as $93,000 returns.
Traders, though, aren’t fooled by weekly close strength. One forecast even sees a sweep of multimonth lows coming.
At the same time, the road to $100,000 is opening, as overhead resistance vanishes.

A #GoldenCross is almost here
All eyes are on the moving averages this week as BTC/USD seeks multiple trendline breakouts.
A golden cross is inches from triggering on the four-hour chart, potentially paving the way for a bullish trend turnaround.
Weekly moving averages, meanwhile, are delivering what analysis calls an “unprecedented” break with tradition.

#venezuela steals the trend
In macro, it’s all about Venezuela and its oil — and its rumored $60 billion BTC reserves.
The US military action in the country over the weekend delivered BTC an instant boost, and precious metals are joining in.
Even the US dollar is seeking a comeback as geopolitics temporarily streamlines global asset trajectory.

No #RateCut ? No problem
US employment data looks set to take a backseat as it’s released through the coming week.
Labor market strength has long been in question as macro figures paint a problematic picture since the US government shutdown ended.
Despite that, markets expect no Fed rate cuts in January.

#whales aren’t done selling
Bitcoin whales took the opportunity to indulge in a new year sell-off last week.
Doubling down on their convictions over the past few months, whale inflows made appearances across exchanges.
Where whales lead, the rest historically tend to follow, CryptoQuant research says.

Source: Binance News / Bitdegree / Coindesk / Coinmarketcap / #Cointelegraph / Decrypt

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