Resilience defines Bitcoin‘s latest market moves. The premier cryptocurrency has jumped roughly 3.3% from last Friday’s close, breaking above a stubborn resistance zone that’s been in place since November 2025. Not just a fluke either. The 4-hour chart shows a textbook breakout and retest that actually held—something traders have been waiting for.
Bitcoin now trades in a rising pitchfork channel. Pretty picture for the bulls, isn’t it? The monthly rolling VWAP flipped positive at 2026’s start, and BTC hasn’t looked back since. Despite facing a liquidity vacuum during 2025’s massive sell-off, Bitcoin has managed to regain its footing in the new year.
Support levels tell the real story. The Value Area High near 89,600 has become the new battlefield between buyers and sellers. Below that, the Point of Control around 88,000 represents the true “don’t break this” level for bulls. An order block between 89,200 and 90,500 has been catching fresh longs whenever momentum shifts positive. The growing institutional confidence from PwC’s deeper move into crypto and regulatory clarity has reinforced these key support levels. This pattern aligns with Bitcoin’s historical 100 million percent gains since inception, reminding investors why it remains the cornerstone asset in crypto portfolios.
Remember that 36% nosedive to 80,000? Buyers stepped in. Hard. That long lower shadow wasn’t just pretty—it was purposeful.
The upside targets get interesting. A move toward 90,650 would actually be healthy, aligning with mid-December highs. Break above 93,500, and shorts get squeezed. Really squeezed. The December high of 94,617 becomes the gateway to completing a five-wave impulse pattern that could target 110,000, give or take a grand.
Historical context adds fuel. Bitcoin has never—not once—had two down years in a row. With 2025 ending lower, 2026-2028 statistically favor the bulls. BTC’s already up 7.6% in 2026’s first days.
Long-term, institutional forecasts range from 120,000 to 170,000, with some research firms making eyebrow-raising calls for 400,000. The five-wave rally from 2022’s 16,500 low to 2025’s 126,000 peak suggests we’re in a broader uptrend, despite the recent pullback.
Bulls have the edge. For now.
