Previously, it was judged that there would be an upward breakout at the 87,000 level, and it indeed rose to 94,800. Later, when looking around 90,000, the market pushed it up to over 97,000.

Now stuck around 98,000, the market sentiment is very mixed. Some are shouting that it will crash back to 70,000, while others are still looking towards above 100,000. Whether this level is a false breakout or a real breakout will actually determine the subsequent trend.

From a technical perspective, Bitcoin has now broken through the important resistance at 94,000. But this level is very critical — there was a false breakout here in March 2022, and it only stabilized in July 2025. The current situation is somewhat similar, with everything hanging in the balance.

There are two possible paths. One is to continue the upward momentum and break through 98,000 before January 20. The price will definitely fluctuate, but the earlier the breakout, the stronger the momentum. Afterward, there could be a more obvious rally, with a target around 105,000. The other is that the market repeatedly oscillates above 95,000 for several days, which is a sign of weakness, and risk considerations should be taken into account.

Don’t pay too much attention to all the confusing levels. Focus on the key points at 98,000, 94,500, and 92,500. During other times, just sleep peacefully, play games, or go out and have fun. If you want to do some short-term trading, you can look at smaller timeframes.