Bitcoin ($BTC) is currently moving within a range-bound manner. Hence, the Bitcoin ($BTC) traders are waiting for the confirmation of the upcoming key move. As per the data from Michaël van de Poppe, in recent attempts, the flagship crypto asset could not sustain its level above crucial levels. Hence, it needs to maintain its level above the 21-day Moving Average (MA) to experience a renewed bullish outlook.
#Bitcoin is still stuck in the range, as a breakout upwards didn’t happen.For me, a crucial level is the 21-Day MA to hold onto. If that does provide support and there’s another attack of the $91K resistance zone in the coming days, I would assume the markets will be trending… pic.twitter.com/Vq2oZFQhAp
— Michaël van de Poppe (@CryptoMichNL) January 3, 2026
Bitcoin Faces Key Resistance, Analysts Highlight Need to Maintain Price above 21-Day MA
Based on the new market data, the range-bound price performance of Bitcoin ($BTC) highlights the importance of maintaining its position. At the moment, the leading cryptocurrency is hovering around the resistance zone of $91,000. At the same time, it requires holding on to its 21-day Moving Average (MA) If successful, this could push Bitcoin ($BTC) into a bullish territory.
Apart from that, the exclusive candlestick chart presents diverse high-timeframe (HTF) levels. Specifically, the key resistance levels account for $10,426 and $105,797. On the other hand, the notable support zones include $80,357, $83,814, and $89,691. The market onlookers have detected the respective areas as the crucial points to trigger renewed strength. Additionally, the $80K denotes a conclusive defense line ahead of deeper corrections.
Simultaneously, these technical signals indicate that maintaining $BTC’s price above the 21-day moving average and retesting the resistance at $91K is significant to enter a bull rally. In this respect, the traders are looking at the likely inferences of this outlook. Thus, if Bitcoin remains unsuccessful in reclaiming the resistance, it may push it down to the $80K zone.
Flagship Cryptocurrency Sits at Crossroads as RSI Turns Neutral
According to Michaël van de Poppe, Bitcoin’s volume indicators display the intensification of trading activity around the aforementioned levels. Keeping this in view, the market participants are undergoing uncertainty. Along with that, while the relative strength index is still neutral, the shift toward bearish reversal or bullish surge depends on the further price trajectory in the near term. In the meantime, Bitcoin ($BTC) is standing at a crossroads, with traders awaiting a bullish breakout.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Analysis: Bitcoin is located at the lower edge of the new buyer cost base range, and upward momentum has not yet clearly formed.
BlockBeats message, March 29, Glassnode posted that Bitcoin is currently at the lower bound of the new-buyer cost basis range (from $60,000 to $70,000). Supply accumulation is more noticeable within this price range, but compared with historical precedents that drove a strong recovery, the density of the current coin clusters is relatively thin. In terms of structure, the current accumulation pattern has constructive significance, but in terms of strength it is still insufficient and has not yet formed a clear upside momentum signal.
BlockBeatNews1m ago
Glassnode: BTC is at the lower bound of the new inbound capital cost range, and the strength of coin accumulation is still insufficient
Gate News reported that on March 29, the on-chain data platform Glassnode posted on X platform, indicating that the current Bitcoin price is at the lower edge of the cost basis range for new investors ($60,000 to $70,000). Data shows that there has been a certain degree of accumulation within this range, but the overall scale is still below the typical levels that historically drive strong rebounds, with relatively weak chip density. Glassnode stated that the current accumulation structure has constructive significance in terms of its shape, but it still lacks intensity and has not formed a clear upward momentum signal.
GateNews5m ago
Bitcoin Hashrate Reclaims 1 ZH/s as Hashprice Slides Lower
Bitcoin's hashrate has risen above 1 ZH/s despite a 6.65% drop in hashprice over three days. Miners are maintaining operations amid tighter margins and expect a difficulty increase on April 2, 2026, which may further impact revenue.
Coinpedia14m ago
BNP Paribas introduces 6 crypto asset ETNs, covering assets including BTC, ETH, and more
BNP Paribas announced the launch of six cryptocurrency-related ETNs, providing investors with indirect access to assets such as Bitcoin and Ethereum. These products comply with the EU regulatory framework and will be open for subscription to various clients in 2026.
GateNews21m ago
Maji Big Brother continues to add to his BTC, ETH, and HYPE long positions today, with a total position value exceeding $15 million.
On March 29, Majie Brother Huang Licheng increased his holdings in BTC, ETH, and HYPE, with a total position value of approximately $15.2 million. He holds long positions of 15,500 HYPE, 56 BTC, and 5,425 ETH, with liquidation prices of $18.9, $61,067, and $1,947, respectively, while also placing limit sell orders.
GateNews50m ago
