Bitcoin Price Analysis: BTC Hits $95,000 Sell Wall, Uptrend At Risk?

Bitcoin’s (BTC) uptrend stalled over the past 24 hours as it crashed into a large area of seller interest around $95,000. As a result, price action lost momentum after reaching an intraday high of $94,352 and fell to an intraday low of $91,526 before moving to its current level. 

The flagship cryptocurrency is trading around $91,640, down almost 2%. The broader crypto market also retreated after posting substantial gains over the past few sessions. Market capitalization is down almost 2% at $3.15 trillion as BTC attempts to retest a crucial resistance level as support. If successful, BTC could surge to new highs during the next uptrend. 

A Mixed Bag 

The cryptocurrency market was a mixed bag on Tuesday as Bitcoin (BTC) fell to a low of $91,203, while Ethereum (ETH) held above $3,200 despite selling pressure. BTC is down nearly 2% over the past 24 hours, while ETH is only marginally down at $3,212. However, Avinash Shekhar, co-founder and CEO of Pi42, believes Bitcoin’s ability to stay above $90,000 despite the pullback suggests the market is absorbing supply to keep prices stable. Shekhar believes the pause in BTC’s rally suggests consolidation rather than a downtrend. 

Spot Bitcoin ETFs Start Year In Positive Territory 

US spot Bitcoin ETFs have started 2026 in positive territory, registering substantial inflows during the first two trading days of the new year. Bloomberg ETF analyst Eric Balchunas highlighted that the first two trading days of 2026 registered over $1.2 billion in inflows. Balchunas stated that if the current pace is maintained, it would mean $150 billion in annual inflows, 600% more than the total inflows registered in 2025. 

Bitcoin ETFs recorded a staggering $697 million in net inflows on Monday, the largest daily inflow in three months. The ETFs recorded $21.4 billion in net inflows in 2025, with BlackRock’s iShares Bitcoin Trust (IBIT) accounting for the largest share. Inflows in 2024 were substantially more at $35.2 billion. 

Fabian Dori, CIO at Sygnum, believes rising ETF demand is crucial for market structure and that ETF demand is absorbing circulating supply, highlighting a potential long-term demand shock. However, demand cooled on Tuesday as Bitcoin ETFs recorded $243 million in net outflows. 

A Morgan Stanley ETF?

Asset manager Morgan Stanley has filed with the Securities and Exchange Commission (SEC) to launch Bitcoin and Solana ETFs. The move will see the financial titan compete with other asset managers, such as BlackRock and Fidelity. According to the filing, the Morgan Stanley Bitcoin Trust, a passive investment vehicle, will track Bitcoin’s spot price without using leverage or derivatives. Balchunas spoke favorably about Morgan Stanley’s entry into the Bitcoin ETF space, stating, 

Crypto Market Structure Bill Could Be Delayed Until 2027 

Investment bank TD Cowen believes the crypto market structure bill could be delayed until 2027 due to the 2026 midterm elections. According to the bank’s research group, some Senate Democrats could withhold support for the bill, currently under consideration in the Senate. The Bank’s Washington Research Group stated that the market structure bill, called the CLARITY Act when passed by the US House of Representatives before being called the Responsible Financial Innovation Act in the Senate, was likely to get Congress’s nod only in 2027, with final implementation in 2029. 

The investment bank believes Senate Democrats could withhold support for the bill as the 2026 Midterm elections approach. The elections could change the balance of power in Congress, currently controlled by the Republicans. Lawmakers could stall the bill until after the Midterms, which could potentially see a Democratic majority. The report stated, 

A bipartisan draft of the bill was released by the Senate Agriculture Committee in November, with lawmakers including a “conflict of interest safeguard” to prevent government officials, US President Donald Trump, and members of his family from holding crypto or being directly involved with the industry. House and Senate Democrats have repeatedly raised concerns about President Trump’s ties to the crypto and blockchain industry. TD Cowen’s report stated, 

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) must overcome a significant sell wall around $95,000 after sellers overwhelmed buyers, limiting upside. The flagship cryptocurrency reached an intraday high of $94,825 on Monday but lost momentum on Tuesday, falling to a low of $91,203. However, it reclaimed $93,000 and settled at $93,772, ultimately registering a marginal decline. Selling pressure has intensified during the ongoing session, with BTC down nearly 2% at $91,981. 

BTC lost momentum after reaching its highest level since November 17, with one popular analyst highlighting “choppy” price action, identifying a passive seller around $94,000.

Meanwhile, another analyst and commentator flagged a “wall of asks” around $95,000, which was keeping BTC’s upside in check. 

Meanwhile, US stocks continued pushing higher, and gold reached $4,491 per ounce, driven by developments in Venezuela, and Silver reclaimed the $80 mark. QCP Capital stated in its analysis that crypto was falling back in line to follow major asset classes. The firm noted, 

BTC started the previous week in the red despite reaching an intraday high of $90,325, losing momentum, and settling at $87,110, down almost 1%. The price recovered on Tuesday, rising 1.48% to $88,397. However, selling pressure returned on Wednesday as BTC fell 1.02% to $87,497. Bullish sentiment returned on Thursday as the price rose 1.42% to $88,738. Buyers retained control on Friday as BTC rose 1.37% and settled at $89,957.

Source: TradingView

Price action remained positive over the weekend as BTC rose 0.71% on Saturday and 0.99% on Sunday to reclaim $90,000 and settle at $91,494. Bullish sentiment intensified on Monday as BTC rose nearly 3%, crossing $93,000 to $93,870. Selling pressure returned on Tuesday as BTC fell to a low of $91,203. However, it reclaimed $93,000 and settled at $93,772, ultimately registering a marginal decline. The flagship cryptocurrency is down almost 2% during the ongoing session, trading around $91,976.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.