Bitcoin Bulls Set to Reclaim Market Once Price Surpasses Key Level – Analyst Insights

As December progressed, Bitcoin held a steady price range between $85,000 and $90,000, following significant corrections in the fourth quarter of 2025. With the arrival of the new year, Bitcoin has retested the well-known resistance point at $90,500, yet uncertainty persists in the market.

Key Takeaways

Bitcoin has been trading steadily between $85,000 and $90,000.
Analyst Burak Kesmeci highlights that U.S. investor activity is influencing recent price movements.
Bitcoin must maintain its SMA50 above $89,415 for a bullish short-term trend.
Long-term gains are predicted if BTC surpasses $101,000, a significant resistance level.
Bitcoin currently trades at $89,520, with substantial market activity and a market cap of $1.79 trillion.

Bitcoin

Potential Rebound in Bitcoin Coinbase Premium?

In a post on X dated January 2, well-known analyst Burak Kesmeci provided a thoughtful analysis of Bitcoin’s market condition after a positive start to 2026. Remarkably, Bitcoin has appreciated nearly 4% since the new year began just two days ago. Amid a mild wave of optimism, Kesmeci points out an increase in Coinbase premiums for both Bitcoin and Ethereum, indicating that the recent price rises are primarily driven by U.S. investors.

Bitcoin
Source: @burak_kesmeci on X

The Coinbase premium reflects the difference in how much U.S. investors are willing to pay for an asset. This metric serves as a strong indicator of market trends since U.S. investor liquidity has a considerable effect on global market movements. Despite the recent price increases, Kesmeci notes that the Coinbase premiums for Bitcoin and Ethereum remain in the negative, suggesting that many U.S. investors are still approaching the market with caution.

Short-Term and Long-Term Price Triggers for Bitcoin

In his forecast of future price movements, Burak Kesmeci has identified specific developments that investors should keep an eye on. By utilizing the simple moving average (SMA) indicator, he has pinpointed crucial price levels that will impact Bitcoin’s price trend. For a short-term bullish trend to take off, Kesmeci explains that Bitcoin must sustain its 50-day simple moving average (SMA50) at a minimum of $89,415 for at least the next two days. If this price level is lost, it would imply that Bitcoin will likely continue its current consolidation phase.

Bitcoin
Source: @burak_kesmeci on X

Looking at long-term trends, the analyst anticipates that a significant upward movement will only emerge once Bitcoin breaks above $101,000. This price point represents a convergence between the SMA365 and SMA111. This insight highlights $101,000 as a critical psychological and structural resistance level, with a decisive break above it likely to signal a recovery in Bitcoin’s bullish market structure following the protracted correction experienced in Q4 2025.

As of now, Bitcoin is trading at $89,520, reflecting a gain of 0.85% over the last 24 hours. Additionally, daily trading volume has surged by an impressive 11,471%, indicating strong market activity. Bitcoin’s market capitalization has risen to $1.79 trillion, giving the leading cryptocurrency a commanding share of 58.6% of the total crypto market cap.

Bitcoin
BTC trading at $89,520 on the daily trading chart | Source: BTCUSDT chart on Tradingview.com