Ahead of the New Year, Bitcoin remains steady around $92,000 within a descending wedge pattern

OldLeekConfession · 2026-01-13T10:33:43+00:00

Bitcoin is currently exhibiting price movement around $92,000, forming a descending wedge. Analysts highlight a resistance zone between $91,000 and $92,000, while support is strong at $74,620. Despite the volatile market sentiment around year-end, objective technical indicators suggest a stable outlook for Bitcoin.

OldLeekConfession

2026-01-13 10:33:43

Abstract generation in progress

Currently, Bitcoin is showing price movements around $92,000 during the formation process of a descending wedge. According to real-time data, BTC price is hovering at $92.22K USD, making it a level closely watched by market participants.

Resistance and Support Level Structural Analysis

Technical analyst Xanrox points out that there is a Fair Value Gap (FVG) between $91,000 and $92,000, and this region is functioning as a strong resistance. Meanwhile, an important support level supporting the lower side is set at $74,620, and the downside potential up to this level is quite limited.

Price Forecast Based on Structural Analysis

Even during the often unstable market psychology around the year-end and New Year, Xanrox adheres to an analytical approach that emphasizes structural patterns on the chart and objective indicators like value gaps, rather than relying on sentiment for value judgment. The continued formation of this descending wedge is a significant factor increasing the predictability of short-term price movements.

As the new year approaches, Bitcoin continues to maintain a steady movement within a technical framework.

BTC3,26%

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.