2026-01-04 05:21:50

Bitcoin finally stabilized above $89,000 on January 2, 2026, with a daily increase of 0.26%, continuing the recent upward trend.

Speaking of the $89,000 threshold, it has been tested several times. Going back to December 2025, Bitcoin first attempted on the 22nd, rising over 1.2% intraday but failing to break through; on the 29th, it tried again, gaining 1.21% but still getting stuck; on the 30th, it did break through, with a gain of 2.07%, but closed lower. This time, the breakthrough on January 2 is different — technically, bullish momentum has clearly strengthened, and the support level has been moved up to the $88,000 mark.

What is driving this Bitcoin rally? The main points are: institutional funds are continuously buying in, and the large influx of capital has clearly increased demand; additionally, market expectations of the Federal Reserve cutting interest rates in 2026 are heating up, which directly reduces the opportunity cost of holding crypto assets; plus, the Taproot upgrade on the Bitcoin network has improved transaction efficiency, attracting more long-term investors.

However, risks should also be noted. Short-term volatility is likely to intensify, and the key is whether the $89,000 support level can hold. If it breaks, a correction to around $87,000 could occur.

BTC3,19%

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NoodlesOrTokens

· 01-06 18:29

What are the chances of 89,000 being smashed down again? It feels like this wave of institutional entry is just to harvest the retail investors.

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LiquidationOracle

· 01-06 12:30

Did it break 89,000 again? This time feels different. The previous times were all short-lived, but this time the bullish momentum looks a bit fierce.

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WhaleMistaker

· 01-05 19:47

It's been a long time at this 89,000 level, and honestly, I can't say for sure whether it can hold steady. It feels like institutions are just testing the waters.

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UnluckyValidator

· 01-05 15:20

Another test of the waters. Can it really break this time? The previous attempts were just false alarms. Let's see how long 88,000 can hold.

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BlockchainFoodie

· 01-04 05:51

honestly the 89k consolidation feels like a perfectly seared crust finally setting right after multiple flips in the pan... multiple failed attempts then boom, this time the technicals actually hold the heat 🔥

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GweiWatcher

· 01-04 05:47

89,000 is stuck again? I think this time is really different, institutions are frantically buying the dip.

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FlashLoanPrince

· 01-04 05:45

It took so long to break through this 89,000 level, but this time we finally stabilized. Institutional funds are really pouring in money.

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BlockchainBouncer

· 01-04 05:38

This level at 89,000 is another defense battle, with institutional funds forcing the situation... The expectation of interest rate cuts is also fueling the trend, but I think there's a high probability that the level at 87,000 won't hold.

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ServantOfSatoshi

· 01-04 05:22

Is it really that difficult to reach 89,000? After trying so many times to stabilize, I feel the risk of breaking below next time is still quite high.

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