Bitcoin is trading near $92,500 at press time, showing a 1% gain over the past day. The asset has now risen for five straight sessions, marking the longest upward streak since October.
Meanwhile, trading volume has crossed $37 billion. Other large-cap assets like Ethereum, Solana, and XRP have also posted gains between 0.7% and 3% in the past 24 hours.
Gold Slows After Rally, Bitcoin Gains Attention
Analysts are observing a pattern in how BTC and gold have behaved over past market cycles. Chart data from 2016 to 2026 shows that Bitcoin tends to rise after the precious metal peaks and slows down. This setup was seen around 2017 and again in 2020. Both periods followed gold reaching a local high before entering a period of lower activity.
Michaël van de Poppe pointed out this recurring structure. He noted that gold’s strong run may now be cooling off.
“It’s very expectable to see a corrective period on gold,” he said.
He also described the next 1.5 to 2 years as a period when Bitcoin and crypto may see stronger price moves, similar to what followed previous gold peaks.
In addition, BTC has broken above its earlier resistance and is trading near levels last seen before its recent correction. According to van de Poppe, the current zone near $93,000 is the last key area before a possible move toward $100,000.
There we go!
Final hurdle before $100K: that’s where #Bitcoin is currently at.
I wouldn’t expect a clear-cut, immediate breakout; however, I do expect to see it happen in the coming week.
The year started bullish. pic.twitter.com/E8XvJ3S3y9
— Michaël van de Poppe (@CryptoMichNL) January 5, 2026
While not expecting a fast breakout, he said a move higher may follow soon. Support levels have formed between $85,000 and $88,500. A deeper pullback could test the $80,500 range, which marked a double bottom last month. Rising trading volumes suggest buyers are active as Bitcoin approaches higher levels.
Short-Term Moves and Market Focus
Trader Merlijn stated that Bitcoin broke above $91,000 and is now holding above that mark. The asset targets mentioned include $93,000 and $94,600 in the near term. He said,
“As long as $88.5K holds, the bias remains up. Lose it? We switch to damage control.”
Daan Crypto Trades commented on the seasonal strength of Bitcoin in the first quarter. He said past Q1 periods, even in weaker years, have seen relatively steady performance. As the new year begins, analysts are watching to see if this trend continues. Price projections vary, with some analysts forecasting new highs above $126,000 or even reaching $210,000 later this year.
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