Bitcoin is gaining strong upward momentum at the $97,460 level, approaching a critical resistance zone; with a 24-hour gain of %3.19 and RSI reaching 70.96, market participants are questioning whether this momentum is sustainable. While the daily chart shows the uptrend continuing, the immediate resistance at $97,608 will be decisive.
Market Outlook and Current Situation
The Bitcoin market is showing clear signs of recovery as of January 14, 2026. The current price is positioned at $97,460.63, with a %3.19 increase recorded over the last 24 hours. This move occurred within a range from $94,062 lows to $97,924 highs, supported by solid trading volume of $34.24 billion. The overall trend is confirmed as upward; a persistent trajectory above the short-term EMA20 ($91,476) dominates. This level has been tested multiple times in recent weeks, becoming a strong dynamic support and triggering the price bounce from here.
Multi-timeframe (MTF) analysis identifies a total of 11 strong levels across 1D, 3D, and 1W charts: 2 supports/2 resistances on 1D, 1 support/2 resistances on 3D, and 3 supports/3 resistances confluence on 1W. This density indicates the market has evolved from a consolidation phase to breakout potential. The increase in volume signals renewed institutional buying, while spot market movements can be examined in detail in the BTC Spot Analysis. On the futures side, leveraged positions are reinforcing the trend’s strength; relevant data can be found on the BTC Futures Analysis page.
The lack of significant news flow recently emphasizes the prominence of technical factors. Despite macroeconomic uncertainties, Bitcoin maintains its leading position among risk assets. BTC’s relative strength compared to altcoins is supported by liquidity flows in DeFi and layer-2 ecosystems. However, the Supertrend indicator remaining bearish ($104,025 resistance) necessitates a cautious approach in the long-term trend.
Technical Analysis: Key Levels to Watch
Support Zones
Support zones stand out as critical buffers in potential pullbacks. The nearest support is at $95,456 (score: 64/100), positioned just above the 24-hour lows and a region that has successfully survived volume-tested sessions recently. If this level breaks, the next strong support at $90,982 (score: 68/100) comes into play; this is a confluence point where EMA20 intersects with Fibonacci retracement levels. Historically, similar levels played a role in bottom formations during the 2025 fall rally, so the potential for a new bounce from here is high.
In the MTF context, the support confluence on the 1W chart further strengthens these levels. According to the volume profile, the $90k area functions as an accumulation zone; an area where retail selling has been exhausted. For short-term traders, holding above $95k preserves the bullish scenario, while a drop to lower levels could trigger liquidity hunting.
Resistance Barriers
Resistances represent the main hurdles where the current momentum will be tested. Immediately above sits $97,608 (score: 86/100); this level is at the intersection of the daily pivot and short-term trendline. Breaking above it opens the path to $102,863 (score: 61/100) – the previous high on the weekly chart. The $104,025 indicated by Supertrend forms a broader resistance cluster; this is a psychological barrier near 2025 highs.
The strength of these resistances stems from MTF confluence: multiple confirmations on 3D and 1W. In case of a breakout, volume increase is essential; otherwise, rejection could lead to a short-term correction. Looking at historical patterns, similar resistance tests often result in 5-10% pullbacks, but strong momentum sees direct breakouts.
Momentum Indicators and Trend Strength
Momentum indicators are mixed but generally bullish. RSI at 70.96 has entered overbought territory; while this signals short-term fatigue risk, strong uptrends can tolerate up to 80. In past rallies (e.g., late 2024), movements continued from RSI levels above 75. A drop to 50 in a downturn would confirm a trend change.
The MACD histogram is positive and expanding, having crossed above the signal line – classic bullish momentum. Persistence above the zero line confirms medium-term trend solidity. The EMA hierarchy is bullish: With price above EMA20, EMA50 (around $92,500) and EMA200 ($88,000) provide deeper support. The Supertrend’s bearish signal creates contrast; this serves as a warning for long-term investors, but short-term momentum takes precedence for day traders.
Overall trend strength is measured above 25 on the ADX indicator – a medium-strength uptrend. Trading above the volume-weighted average price (VWAP) supports institutional accumulation. Across multiple timeframes, 1D bullish and 1W neutral signals paint a balanced picture.
Risk Assessment and Trading Outlook
The risk/reward ratio looks attractive in the current setup. Bullish scenario: Breaking $97,608 takes it to $102k, then to $115k target (approx. %18 return); in bearish, breaking $95k to $90k, ultimately $80k (approx. -%18 loss). This symmetric R/R (1:1+) is balanced for traders accounting for volatility. However, RSI overbought increases sudden correction risk – around 40% probability.
In the positive scenario, volume increase and macro relief (e.g., Fed signals) extend the rally. In the negative, liquidity squeezes or altcoin rotations pressure BTC. Overall outlook: Short-term bullish, but rejection at $97.6k creates short opportunities. Long-term, MTF supports hold firm; below $90k would be dramatic. Market makers’ positioning can be examined in detail in the spot analyses.
As the volatility index (BVOL) rises, options skew is call-sided – institutional optimism. Traders should position stop-losses according to supports; caution is essential in leveraged trades.
Source: https://en.coinotag.com/analysis/btc-january-14-2026-strong-surge-and-critical-resistance-test

