Technical analysis by jonnieking about Symbol BTC: Buy recommendation (1/6/2026)

₿itcoin showing some real promise here, but got rejected on the Daily Close for the key support zone that it needs to reclaim at the .618 fib ~$94,2k It did close above the 50DEMA and we have a bullish cross with the 9DEMA on the horizon which should drop us into the new support zone. BTC really needs some closes above $97k to make this rally a reality tho. The next target would be the 50WMA ~$101,5 which could be the critical rejection point where most would be offloading. The bearish Weekly Close on GOLD helps confirm this rally.