BTC Price Prediction: Targets $95,000 by February as Bulls Eye Key Resistance
Ted Hisokawa Jan 23, 2026 04:05
BTC Price Prediction Summary • Short-term target (1 week) : $92,500 • Medium-term forecast (1 month) : $95,000-$100,000 range • Bullish breakout level : $91,401 (strong resistance) •...
BTC Price Prediction Summary
• Short-term target (1 week): $92,500
• Medium-term forecast (1 month): $95,000-$100,000 range
• Bullish breakout level: $91,401 (strong resistance)
• Critical support: $87,752
What Crypto Analysts Are Saying About Bitcoin
While specific analyst predictions from major KOLs are limited in recent days, several financial analysis platforms have provided bullish Bitcoin forecasts. According to MEXC News from January 21, 2026, "The primary bullish scenario targets $110,000 within 6-8 weeks, representing a 19% advance from current levels."
Blockchain.News reported on January 21 that "Bitcoin shows bullish momentum with MACD histogram positive at 1001. Analysts target $95K-$100K if $86K support holds." Meanwhile, CoinLore's latest analysis suggests even more aggressive targets, forecasting Bitcoin could reach $195,067 in 2026, representing a 118% increase from current levels.
On-chain data from platforms like Glassnode and CryptoQuant continue to show strong institutional accumulation patterns, supporting the medium-term bullish outlook despite recent consolidation.
BTC Technical Analysis Breakdown
Bitcoin is currently trading at $89,874.90, showing sideways consolidation after testing both the $90,340 resistance and $88,515 support levels within the past 24 hours. The technical picture presents a mixed but cautiously optimistic outlook.
RSI Analysis: The 14-period RSI sits at 44.65, placing Bitcoin in neutral territory. This suggests neither overbought nor oversold conditions, providing room for movement in either direction.
MACD Signals: The MACD histogram shows 0.0000, indicating bearish momentum in the short term. However, the MACD line (41.67) remains above the signal line (41.67), suggesting the bearish momentum may be weakening.
Bollinger Bands: Bitcoin trades at 0.24 position within the Bollinger Bands, closer to the lower band ($87,563) than the upper band ($97,171). The middle band at $92,367 serves as immediate resistance, while current price action suggests potential for mean reversion toward the middle band.
Moving Averages: BTC trades below most short-term moving averages, with the SMA 7 ($91,252) and SMA 20 ($92,367) acting as overhead resistance. However, the price remains above the SMA 50 ($90,221), indicating the medium-term uptrend remains intact.
Bitcoin Price Targets: Bull vs Bear Case
Bullish Scenario
If Bitcoin breaks above the immediate resistance at $90,638, the next target becomes the strong resistance at $91,401. A decisive break above this level could trigger momentum toward the Bollinger Band upper limit at $97,171, with the ultimate target being the $100,000-$110,000 range cited by multiple analysis platforms.
Technical confirmation would come from RSI breaking above 50, MACD histogram turning positive, and sustained trading above the $91,400 resistance level. The bullish case is supported by the relatively low volatility (ATR of $2,234) suggesting accumulation rather than distribution.
Bearish Scenario
Failure to hold the immediate support at $88,813 could see Bitcoin test the strong support at $87,752. A break below this level would likely trigger stops and could lead to a deeper correction toward the $85,000-$86,000 range mentioned as critical support by various analysts.
Risk factors include the current bearish MACD momentum, trading below key short-term moving averages, and the proximity to the lower Bollinger Band, which could signal further downside if support fails.
Should You Buy BTC? Entry Strategy
Based on current technical levels, conservative investors might wait for a pullback to the $88,500-$89,000 range for better risk-reward entry points. Aggressive buyers could enter at current levels with tight stop-losses below $87,750.
Entry Points: - Conservative: $88,500-$89,000 (support retest) - Aggressive: Current levels ($89,800-$90,000)
Stop-Loss Suggestions: - Tight: $87,500 (below strong support) - Wide: $86,000 (major support confluence)
Risk management remains crucial given the neutral RSI and mixed technical signals. Position sizing should account for Bitcoin's daily volatility of approximately $2,234.
Conclusion
This BTC price prediction suggests a cautiously bullish outlook for Bitcoin over the next month, with targets of $95,000-$100,000 supported by multiple analysis platforms. The Bitcoin forecast hinges on breaking above the $91,401 resistance level, which would confirm the bullish momentum needed to reach these targets.
However, traders should remain vigilant of the current bearish MACD momentum and the fact that Bitcoin trades below key short-term moving averages. The technical setup suggests a 60% probability of upside toward $95,000+ over the next 4-6 weeks, provided support at $87,750 holds firm.
Disclaimer: This BTC price prediction is based on technical analysis and market data as of January 23, 2026. Cryptocurrency investments carry significant risk, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance before trading.
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