BTC Price Prediction: Targeting $98,500 Breakout by February 2026

BTC Price Prediction: Targeting $98,500 Breakout by February 2026 - Blockchain.News

Bitcoin shows bullish momentum above key support levels with technical indicators suggesting a potential rally to $98,500 in the coming weeks as BTC consolidates near resistance.

BTC Price Prediction Summary

• Short-term target (1 week): $96,750 • Medium-term forecast (1 month): $92,000-$98,500 range
• Bullish breakout level: $96,752 • Critical support: $93,597

What Crypto Analysts Are Saying About Bitcoin

While specific analyst predictions are limited in recent market commentary, on-chain metrics and technical analysis suggest Bitcoin remains in a consolidation phase above key support levels. According to recent analysis from CoinsKid and Altcoin Doctor, Bitcoin price predictions for January 2026 continue to focus on technical breakout patterns, though specific target prices from these analysts remain undisclosed.

The lack of definitive price targets from major crypto analysts reflects the current market uncertainty, but technical indicators from platforms like Binance suggest underlying strength in Bitcoin's price action.

BTC Technical Analysis Breakdown

Bitcoin's current technical setup presents a mixed but generally positive outlook. Trading at $95,359.80, BTC sits comfortably above multiple key moving averages, signaling medium-term bullish momentum.

The RSI reading of 63.02 indicates Bitcoin remains in neutral territory with room for upward movement before entering overbought conditions. This suggests the current BTC price prediction for continued gains remains viable without immediate reversal pressure.

Bitcoin's position within the Bollinger Bands is particularly noteworthy, with the cryptocurrency trading at 0.82 on the band spectrum—close to the upper resistance at $97,422.75. This positioning indicates strong momentum while highlighting the immediate resistance level that could trigger the next major move.

The MACD histogram reading of 0.0000 suggests bearish momentum in the short term, creating a divergence that traders should monitor closely. However, Bitcoin's position above the 20-day SMA at $91,838.59 and significantly above the 50-day SMA at $90,238.07 reinforces the medium-term bullish structure.

Bitcoin Price Targets: Bull vs Bear Case

Bullish Scenario

The primary Bitcoin forecast targets the strong resistance level at $96,752.92 as the initial breakout point. A decisive move above this level could propel BTC toward the psychological $98,500 resistance, representing a 3.3% gain from current levels.

Technical confirmation for this bullish BTC price prediction would require sustained trading above $96,056 with increasing volume. The daily ATR of $2,298.22 suggests sufficient volatility exists to achieve these targets within a 2-3 week timeframe.

A break above the upper Bollinger Band at $97,422.75 would signal strong momentum continuation, potentially targeting the next fibonacci extension levels around $99,500-$101,000.

Bearish Scenario

The bearish case for Bitcoin centers around a failure to maintain support above $94,478.35. A breakdown below this immediate support level could trigger selling pressure toward the strong support at $93,596.90.

More concerning for the Bitcoin forecast would be a decline below the 20-day moving average at $91,838.59, which could signal a deeper correction toward the 50-day SMA at $90,238.07—representing a potential 5-6% decline from current levels.

The critical support to watch remains the 200-day moving average at $105,887.93, which Bitcoin is currently trading well below, indicating the long-term trend remains under pressure.

Should You Buy BTC? Entry Strategy

Based on current technical levels, the optimal BTC price prediction strategy involves waiting for a pullback to the $94,500-$95,000 support zone before establishing long positions. This approach provides a favorable risk-reward ratio with tight stop-loss placement.

Conservative entry points should focus on the immediate support at $94,478.35, with stop-losses placed below $93,500 to limit downside risk. Aggressive traders might consider entries on a confirmed breakout above $96,752.92 with stops at $95,500.

Position sizing should account for Bitcoin's current daily ATR of $2,298.22, suggesting 2-3% portfolio allocation maximum for swing trading positions. Long-term accumulation strategies can consider dollar-cost averaging in the $93,000-$96,000 range.

Conclusion

The BTC price prediction for the next 4-6 weeks suggests moderate bullish momentum with targets between $96,750-$98,500. Technical indicators support this Bitcoin forecast, though traders should remain cautious of the bearish MACD divergence and proximity to upper Bollinger Band resistance.

The probability of reaching the $98,500 target stands at approximately 65% based on current technical setup, contingent on broader crypto market stability and sustained buying pressure above $95,000.

Disclaimer: Cryptocurrency price predictions are speculative and subject to extreme volatility. This analysis is for educational purposes and should not constitute financial advice. Always conduct your own research and risk assessment before making investment decisions.

Image source: Shutterstock