Technical analysis by MMBTtrader about Symbol BTC: Buy recommendation (1/3/2026)

The technical structure for BTC has shifted decisively. The key descending trendline, which previously contained price action, has now been conclusively broken to the upside. This breakout has been followed by a successful retest of the trendline as new support. Critically, this retest was accompanied by significant buy-side volume, confirming genuine investor conviction and a transfer of ownership at higher levels. With this bullish confirmation in place, the focus shifts to the major support zone between $88K and $90K. As long as this foundational support holds, the path of least resistance is now higher. The completed breakout pattern projects a measured move toward an initial upside target of $99K. Price action is now consolidating energy for the next leg upward. DISCLAIMER: ((trade based on your own decision)) <BTC has reached and reacted at our first primary target and resistance zone of $94,000. This constitutes a significant technical milestone. Current price action suggests a high probability of entering a consolidation phase or trading range following this test. The market is likely to digest gains here as it gathers momentum for the next directional move. The key level to monitor is now $92,000, which must hold as strong support. A successful defense of this level, followed by a consolidation above it, would set the stage for the next leg higher. Primary Outlook: Should the $92,000 support zone demonstrate resilience, our next projected move is a breakout above the recent $94,000 high, targeting an extension toward $97,000 as the next logical resistance and profit-taking zone. Risk Management: A sustained breakdown below $92,000 would invalidate this immediate bullish structure and prompt a reassessment of the short-term trend. All positions should be managed accordingly.