Bitcoin is still looking strong- continuing the upside move straight from the Weekly Open. From here, the next logical move would be a test of $94.5k (Prev Month High) to $95.5k where there is an area of supply.
Today marks the start of the first full financial week of 2026 where most institutions return to the desk so, as well as the usual Monday situation, this could bring added volatility. My first area of interest for a reaction would be a retest of $91.5k (Weekly Open) but there is also a CME gap at $90.5k to keep an eye on. $BTC $ETH $SOL #BTC #CryptoDawar #BinanceHODLerBREV #ETHWhaleWatch #Write2Earn
Bitcoin now has 4hr acceptance above $90.6k (Prev Week High). This is the first time as have seen this since early December, so the obvious thing we want to see here is any $90.6k retest provide a good reaction. If BTC can maintain this level, this paves the way towards $94.5k (Prev Month High). As always, we need to be cautious of weekend pumps, as we have often seen this retraced early the next week, but the strength on Friday was a good sign. With the majority of the world of finance returning to their desks tomorrow, after the holiday, we also need to be cautious of volatility at the weekly close tonight.
In yesterday's update I mentioned the importance of Bitcoins reaction on a retest of $89k - $88k area. As can be seen from the green circle on the chart, BTC gave a strong reaction from this area but has been unable to hold above $90k. It was a positive sign yesterday that strength was held throughout the day, compared to the last two weeks where full retracements were being seen during the US trading sessions. Now it is the weekend, with Bitcoin sitting around the range highs, I am watching for a clean breakout of $90k or a retest back towards $88k-$87k.
Happy New Year to every one of you. I hope 2026 is great for all of you.
Bitcoin has once again lost $87.8k (Weekly Open) and is showing signs of resistance at this 4hr S/R level. $87k (4hr support zone) is still being respected and with the markets closed today it would not be a surpruse to see a day of sideways movement.
Bitcoin has reclaimed the key level of $87.8k (Weekly Open) and has confirmed this as new 4hr support with 2 good reactions on the retest. From here bulls want to see this level continue to be held, and we are looking for a push back towards $90k. For now we can expect this area to continue as resistance as their is not enough volume to see a strong breakout. Of course we have the monthly close and yearly close tonight, so this can bring about added volatility in either direction.