Bitcoin rises above $92,000 in sign of ‘bullish trend’ to start 2026
Bitcoin (BTC-USD) surged above $92,000 per token on Monday, signaling that near-term momentum may shift following a rough end to 2025.
“Bitcoin has entered an uptrend,” crypto data firm 10X Research wrote in a note on Sunday.
The firm noted the return to more normal trading volumes and the first signs of renewed corporate positioning to start the new year.
“This is an environment where doing absolutely nothing feels safe and turns out to be real risk,” according to the memo.
The token is showing strength by remaining above major moving averages, and 10X Research notes that “as long as Bitcoin remains above its 21-day moving average, the short-term trend will remain skewed upward.”
Another encouraging sign is how investors are betting on future price movements through options trading.
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According to the note, “BTC option flows have shifted from upside calls to actively buying them, reflecting positioning for a potential move towards the $100,000 level.”
With the momentum building, the research firm has signaled $98,197 as the key level the token must surpass to make its next meaningful move higher.
Bitcoin prices have rebounded to start 2026 after trading in a narrow range in recent weeks following a sell-off in the fourth quarter of last year. Forced liquidations and sales by long-term owners have driven prices down from October’s high of $126,000.
The cryptocurrency has fallen for three consecutive months; It’s a pattern that’s only been seen 15 times historically and usually sets the stage for January rallies.
Fundstrat strategist Sean Farrell recently predicted that portfolio rebalancing next month could have a negative impact on prices, fueling the near-term rally.
Ines Ferre is Yahoo Finance’s senior business reporter. Follow him on X @ines_ferre.
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