Bitcoin's Bulls: Will They Come Back When Prices Exceed This Level?

Bitcoin's Bulls: Will They Come Back When Prices Exceed This Level? – Analyst Insights

As December unfolded, Bitcoin displayed price stability, fluctuating between $85,000 and $90,000 after recent heavy corrections that occurred in the fourth quarter of 2025. With the arrival of the new year, the leading cryptocurrency has once again revisited the established resistance level around $90,500, although uncertainty still resonates within the market.

Key Takeaways

Bitcoin has maintained a price range between $85,000 and $90,000 after Q4 2025 corrections.
Notable analyst Burak Kesmeci highlights a near 4% increase in Bitcoin since the new year.
Coinbase premiums for Bitcoin and Ethereum indicate a cautious stance among U.S. investors despite price gains.
Important price levels to watch are $89,415 for short-term trends and $101,000 for long-term bullish resurgence.
Current Bitcoin trading is at $89,520, with a significant increase in market activity and a $1.79 trillion market cap.

Bitcoin

Will Bitcoin's Coinbase Premium Rebound?

On January 2, noted analyst Burak Kesmeci provided an in-depth analysis on X regarding the Bitcoin market's positive beginning in 2026. Since the turn of the year, Bitcoin has risen nearly 4%. Amid this mild market excitement, Kesmeci points out that both Bitcoin and Ethereum have experienced a rise in Coinbase premiums, indicating that the latest price increases have been significantly driven by U.S. investors.

Bitcoin
Source: @burak_kesmeci on X

The Coinbase premium indicates the price difference for which U.S. investors are buying an asset, making it an important market indicator since U.S. liquidity significantly affects global markets. However, Kesmeci notes that the Coinbase premiums for both BTC and ETH are still in the negative region, suggesting that many U.S. investors remain cautious.

Factors Influencing Bitcoin's Short-Term and Long-Term Movements

In his market predictions, Kesmeci has outlined key developments that investors should keep an eye on. Utilizing the simple moving average (SMA) indicator, he has pinpointed specific price levels crucial for Bitcoin’s price movements. For a short-term bullish market trend to begin, Kesmeci explains that Bitcoin needs to keep its 50-day simple moving average (SMA50) above the current level of $89,415 for the next couple of days. If this price level is not maintained, the current price consolidation is likely to persist.

Bitcoin
Source: @burak_kesmeci on X

On the other hand, Kesmeci believes a positive long-term trend will only materialize if Bitcoin surpasses the $101,000 mark, which aligns with the SMA365 and SMA111 indicators. This level is significant as it acts as a major psychological and structural resistance; a decisive breach above this mark could restore Bitcoin’s bullish trend following the extensive corrections observed in Q4 2025.

Currently, Bitcoin is trading at $89,520, having gained 0.85% in the last 24 hours. The daily trading volume has skyrocketed by 11,471%, signaling vigorous market activity. As a result, Bitcoin’s market capitalization has reached $1.79 trillion, which makes up 58.6% of the total cryptocurrency market cap.

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