CryptoCurrency
Bitcoin’s (BTC) Future Hinges on These 2 Key Levels
Bitcoin trades near $96K as analysts watch $105K and $83K levels for breakout or breakdown; whales dominate while retail demand fades.
Bitcoin (BTC) is trading in an ascending price channel, and the market situation indicates that it is approaching a key turning point. Two distinct levels are being monitored by analysts: a move above $105,000 could confirm ongoing momentum, and a decline below $83,000 could signal a systematic shift.
Key Bitcoin Price Levels Under Watch
EGRAG CRYPTO posted that Bitcoin is compressing near the lower side of its rising trend. According to their breakdown, the channel is still holding, but pressure is building.
“A weekly close above $105K confirms strength,” EGRAG noted.
If that happens, it could open the way toward the $180K to $210K zone. However, they warned that “a weekly close below $83K would break the channel” and suggested weakness in the current cycle.
For now, the price action still respects the existing structure. Bitcoin touched a high of $98,000 on Thursday before dropping slightly on news related to a delay in legislative discussions. Despite this, it has held above $96,000 and remains up by over 6% this week.
Price Movement and Market Conditions
Bitcoin is outperforming many other assets even as broader markets turn cautious. The total crypto market cap stands at $3.34 trillion, with BTC making up over 57% of it.
Rekt Capital commented that Bitcoin’s current price behavior is similar to what was seen in late November 2024. “Bitcoin could weekly close around $97K but retest $93,500 next week,” they shared. They also noted that BTC is near its Bull Market EMAs but has not yet confirmed these levels as support.
Even though the Bull Market EMAs are teasing to act as resistance, history suggests Bitcoin shouldn’t struggle to break beyond them
However history suggests Bitcoin will struggle to keep them as support and the crossover may occur once the EMAs have been turned into new… https://t.co/QqDtHmhNXS pic.twitter.com/H56rg1LdZN
— Rekt Capital (@rektcapital) January 14, 2026
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In addition, Bitcoin is also testing key moving averages. According to Merlijn The Trader, the asset has reclaimed its 50-day average. Holding this level could support a continuation higher, with the next resistance at the 100-day average.
Whales in Control, Retail Cools Off
CW shared that large holders continue to dominate trading volume. The recent drop in demand from smaller buyers may create pressure during any downside moves.
“Retail investors have very little influence,” they stated.
Meanwhile, data shared by CryptosRus suggests that long-term holders are selling less. “OG selling at local tops has been rolling over,” they wrote. Coins that have been held for five or more years are not moving at the same pace as earlier in the cycle.
OG BITCOIN SELLING IS DRYING UP 👀
This chart is important. It tracks #Bitcoin being spent by OG holders — coins that sat dormant for 5+ years.
Earlier this cycle, OGs were very active. Selling pressure from long-term holders actually exceeded the last cycle, which made sense.… pic.twitter.com/EBIVPn9dP3
— CryptosRus (@CryptosR_Us) January 15, 2026
This shift could reduce supply in the short term. If demand stays steady while older coins remain off the market, Bitcoin may find support more easily.
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