2026-01-17 19:42:48

Will Bitcoin break through or not? The confirmed breakout of the ascending triangle above $95,000 is a signal worth noting. On the technical side, the 20-day moving average and the 50-day moving average have formed a golden cross, indicating strong short-term momentum. Even more interesting is that on-chain data is also cooperating—net outflows from exchanges show that large holders are reducing their sell-offs, and the selling pressure from long-term holders is also decreasing, which usually indicates that the buying force is gathering strength. If these conditions can be maintained, a breakthrough of Bitcoin to $107,000 is not impossible. However, the market is never short of surprises, and the market will ultimately verify the performance at key levels.

BTC-1,18%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

17 Likes

Reward
17
8
Repost
Share

Comment

0/400

TokenomicsPolice

· 01-20 17:08

Hmm, 107k sounds good, but I care more about whether the big players are truly bottoming out or just fooling retail investors into buying in. --- Golden cross is just a golden cross; the key is whether it can hold above 95k. A good technical setup can't prevent black swan events. --- On-chain data shows reduced selling? Haha, it said the same thing before, and look what happened. --- Don't celebrate before breaking 107k. I've heard countless times last year, "This time is different." --- Wait, could this ascending triangle be a false breakout? I have a feeling it looks a bit suspicious. --- The idea that bottom-fishing is gathering strength is too old. Those who still believe in this need to wake up. --- If 95k breaks, it breaks. Where it goes from there is uncertain. Don't celebrate prematurely.

View OriginalReply0

OnChainDetective

· 01-20 09:19

ngl the exchange outflow data here is sus... traced a few wallet clusters and the "accumulation" narrative doesn't quite add up. we've seen this pattern before right before coordinated dumps. statistical anomaly or institutional trap? time will tell.

Reply0

GamefiEscapeArtist

· 01-18 02:06

Golden cross combined with net outflow, this wave indeed looks a bit significant, but claiming 107k is a bit too bold.

View OriginalReply0

MEVSandwichMaker

· 01-17 20:11

The golden cross is here again. Every time, they say this time is different. Alright, I'll watch.

View OriginalReply0

TeaTimeTrader

· 01-17 20:05

Golden cross combined with on-chain data is indeed interesting, but don't get your hopes up too high for 107k.

View OriginalReply0

NeverVoteOnDAO

· 01-17 19:50

Golden cross combined with on-chain data signals, this time it really feels different. Looking forward to holding until 107k.

View OriginalReply0

Rugpull幸存者

· 01-17 19:48

107k? Don't get ahead of yourself. It's hard to say whether 95k can hold this position. --- On-chain data looks good, but it still depends on Bitcoin's mood. --- Both a golden cross and bottom-fishing momentum—sounds like a story. Let's wait until it breaks before making any conclusions. --- Hmm, reducing selling pressure, huh? I think it just means no one wants to sell anymore. The price has to drop further. --- Is there really a pullback above 95k? My stop-loss is already set right here.

View OriginalReply0

PrivateKeyParanoia

· 01-17 19:47

Golden cross combined with net outflow, this combination definitely has some substance... However, 107k still feels a bit optimistic.

View OriginalReply0