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.
Bitcoin faced a turbulent Q4 in 2025, with December seeing a nearly 9% drop and record volatility since April, yet VanEck’s mid-December “ChainCheck” report notes improving liquidity and resetting speculative leverage, providing cautious optimism for long-term holders.