Bitcoin Bulls To Reclaim Market When Price Closes Above This Level – Analyst

[Ben Graham]

For the majority of December, Bitcoin maintained a stable price range between $85,000 – $90,000 following the initial heavy corrections seen in Q4 2025. Amid the cheers of the new year, the flagship cryptocurrency has once again retested the proven price resistance around $90,500, but the market still bears a sense of uncertainty.

Bitcoin Coinbase Premium To Rebound? 

In an X post on January 2, renowned analyst Burak Kesmeci shares an insightful analysis of the Bitcoin market following the asset’s positive start to 2026. Notably, the premier cryptocurrency has gained by almost 4% since the new year commenced two days ago. Amid the mild market euphoria, Kesmeci highlights a simultaneous rise in Coinbase premiums across the Bitcoin and Ethereum market suggesting the recent price gains are significantly influenced by US investors. 

For context, the Coinbase premium assesses how much more or less US investors are paying for an asset. It is a strong market indicator as US investors’ liquidity tends to heavily influence the global market. Despite the latest price gains, Kesmeci notes that Coinbase premiums for BTC and ETH still remain negative, suggesting the majority of US investors still remain cautious.

Bitcoin Short-Term And Long-Term Triggers 

In predicting future price movements, Burak Kesmeci has also outlined some potential developments investors should watch out for. Using the simple moving average indicator, the market expert has identified certain price levels of importance to Bitcoin’s price trajectory. For a bullish trend to kick off in the short-term, Kesmeci explains that Bitcoin must maintain its current 50-day simple moving average (SMA50) above the present level at $89,415 for at least the next two days. Notably, a potential loss of this price level would suggest the present consolidation continues.

Meanwhile, the seasoned analyst also expects a positive long-term trend to only develop when Bitcoin crosses above $101,000, which represents an intersection between the SMA365 and SMA111. This outlook underscores $101,000 as a major psychological and structural resistance, with a decisive break above it likely to restore Bitcoin’s bullish market structure after the extended correction observed in Q4 2025.

As of the time of writing, Bitcoin trades at $89,520 following a 0.85% gain in the last 24 hours. Meanwhile, daily trading volume is up by 11471%, representing buoyant market activity. Notably, Bitcoin’s market cap has climbed to $1.79 trillion, allowing the maiden cryptocurrency account for 58.6% of the total crypto market cap.