Bitcoin Aims to Break Through $90,000 Resistance

Bitcoin Faces $90,000 Resistance

Bitcoin has been attempting to surpass the $90,000 mark as markets prepare for the first trading session of 2026 on Wall Street. A new gap in CME futures and long liquidations might trigger a decline in BTC's price. Additionally, gold has regained value following a correction that occurred during the New Year.

Key Details

According to data from TradingView, the price breakout attempt for BTC accelerated during the Asian trading session. Bitcoin formed a new gap in the CME futures market, which could represent a short-term target.

"This is something to watch in the coming week," commented a trader on platform X. "Clearly, the weekend is approaching, so we might see some gaps, and the chart could be a bit chaotic at the beginning of the year."

Price Analysis

Data from CoinGlass indicates that liquidity on both sides of the price is increasing ahead of market opening. Liquidations across the cryptocurrency market in the last 24 hours have exceeded $200 million as markets advanced.

Gold has rallied since the end of the year, aiming to reach previous all-time highs, being recognized as the best-performing major asset of 2025. It increased by 64% that year, in contrast to Bitcoin, which fell by 6%. Analysts suggest that BTC's underperformance does not signify a new bearish market trend but rather represents "the calm before the storm."