Technical analysis by BeInCrypto about Symbol BTC: Buy recommendation (1/5/2026)

BTCUSD is up roughly 3% over recent sessions, but price action suggests a pause rather than immediate continuation. On the daily chart, BTC is forming a rounded base consistent with the “cup” phase of a cup-and-handle structure. The latest green candle printed a long upper wick, showing sellers are active at higher levels and hinting that short-term consolidation may follow. This consolidation fits the handle phase, where price typically drifts sideways or slightly lower before a breakout. Structurally, the bullish bias remains intact as long as BTCUSD holds above the $89,400 support zone. A deeper loss of $84,300 would invalidate the setup. On the upside, $93,500 is the first neckline resistance to watch. A clean daily close above $94,700 would confirm the breakout. The measured move from the cup projects a target near $104,000, with $107,400 as an extended resistance. On-chain selling pressure is easing, but heavy long positioning in derivatives keeps near-term volatility elevated.