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

The Bitcoin breakout is official, with price 3 candles removed from passing through resistance. Although volume has been subdued, we did see a nice spike yesterday, which is encouraging. Price appears to be heading to the top of the ascending channel, which could carry it to 100K or above. This is the area traders are watching move, as the weekly 50 MA looms (not shown).