Bitcoin hits 2026 high above $97K, data shows sufficient fuel for higher prices

Bitcoin rallied to $97,500, and multiple data points suggest bulls are planning to push the price above $100,000. Is the bull market back?

Bitcoin’s (BTC) start-of-year recovery continued into the second week of January as the cryptocurrency made fresh 2026 highs above $96,000. The rally confirmed a new higher high structure, and traders are hopeful that a rally above $100,000 is the next target.

Key takeaways:

Bitcoin secured a daily close above $95,000, confirming a higher high and weakening near-term resistance.

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