Bitcoin Surges to $97K as Spot Buyers Regain Control

Bitcoin has surpassed the $95,000 milestone for the first time since mid-November, illustrating strong demand in the spot market as January continues its recovery trend. As of now, Bitcoin is trading at approximately $97,200, based on TradingView data. This signals a significant break above the upper limit of a consolidation range where prices have stabilized since late 2025.

Key Takeaways

Price Movement: Bitcoin has recently climbed above $95,000, now trading around $97,200.
Market Strength: Increased trading volume supports the recent price hike, indicating robust market participation.
Spot Market Demand: Positive data from CryptoQuant shows renewed buying pressure from market participants.
Accumulation Trends: The Accumulation/Distribution indicator suggests ongoing inflows, confirming price stability.
Key Resistance and Support Levels: The $94,000-$95,000 range may serve as support, while pushing toward the significant $100,000 mark is now the next target.

Bitcoin surges to $97K as spot buyers regain control

Bitcoin Breakout Marks End of Prolonged Consolidation

Bitcoin spent a significant portion of December and early January moving sideways, oscillating between $88,000 and $94,000, after experiencing a sharp decline from its November peaks.

Bitcoin 12-hour price trend chart

Source: TradingView

The recent price increase signifies a technical shift, with Bitcoin now marking a higher high on the 12-hour chart. The surge in trading volume alongside this breakout indicates genuine participation rather than low liquidity, enhancing the likelihood that the price increase is not fleeting. This reflects renewed engagement from market participants at elevated price levels.

Renewed Buy-Side Pressure in the Spot Market

As reported by CryptoQuant, Bitcoin's 90-day Spot Taker Cumulative Volume Delta (CVD) has turned positive again in January, indicating a resurgence of buyer dominance in the market. Taker CVD tracks the actions of aggressive market participants who buy or sell at prevailing market prices.

Bitcoin spot take CVD

Source: CryptoQuant

A sustained positive CVD suggests that buyers are increasingly willing to pay higher prices for Bitcoin, reflecting a momentum-driven advance rather than passive accumulation. This shift contrasts the September to November period, where seller dominance led to a price downturn.

Accumulation Metrics Reinforce Market Confidence

Further validation of this upward movement comes from the Accumulation/Distribution (A/D) indicator, which has been trending upward during the breakout phase. The A/D metric recently achieved a local maximum of 5.05 million, indicating that inflows have continued even as the price surpassed previous resistance levels.

Historically, rising accumulation in tandem with a breakout enhances the likelihood that price stability is supported by broader market activity rather than just short-term trading.

Key Levels to Monitor

Now that Bitcoin has reclaimed the $95,000 threshold, the area between $94,000 and $95,000 may serve as crucial near-term support. On the upside, Bitcoin is nearing the psychologically significant $100,000 milestone. The price action around this level will be critical to determine whether the momentum can continue to build.

Final Thoughts

The latest developments in Bitcoin's price movement reflect a stronger market presence as spot buyers regain their footing. The ongoing accumulation trends and market indicators suggest a potentially optimistic outlook as Bitcoin approaches its next major psychological resistance at $100,000.