The Bitcoin price roared past the $96,000 level this afternoon, bringing along a fresh wave of bullish momentum after weeks of choppy, range-bound trading.
The bitcoin price is hovering near $90,000 after pulling back from early-January highs as traders weighed fading momentum against looming policy risks.
Bitcoin hovered near $92,000 as analysts, including Bernstein, pointed to improving technical and macro signals suggesting the cryptocurrency has likely bottomed after a steep fourth-quarter sell-off and may be positioned for a rebound.
The bitcoin price started 2026 with a sharp rally, climbing above $94,000 as ETF inflows, bullish options positioning and renewed geopolitical hedge demand lifted market sentiment.
The bitcoin price's 2025 price swung above $125,000 before falling to around $87,000, reflecting a shift from speculative rallies to macro-driven market forces.