The Bitcoin rally recently is reaching critical levels. But is this rally for real or could it potentially fail? What are the likely outcomes and which path is more likely? We look at the charts with trader Charlie Burton. Video by Alessio Rastani.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
As of January 16, 2026, Bitcoin (BTC) is testing critical technical and psychological levels, trading near $95,000. After reaching a three-month high of approximately $97,860 on January 14, 2024, the price has recently pulled back to consolidate within a "make-or-break" zone.
Buy Bitcoin >>
Key Market Drivers
--Institutional Inflows: Spot Bitcoin ETFs saw record inflows this week, with Fidelity's FBTC alone drawing $351 million in a single day, indicating renewed institutional conviction.
--Macroeconomic Environment: Cooling U.S. inflation (December CPI at 2.7%) has reignited hopes for further interest rate cuts in 2026, creating a favorable "risk-on" backdrop.
--Regulatory Milestones: The U.S. Senate Banking Committee is currently considering the Digital Asset Market Clarity Act, which aims to provide a comprehensive compliance framework for the industry.
--Supply Dynamics: Long-term holders continue to move assets into cold storage, contributing to a "supply shock" that could amplify price volatility if demand remains high.
While some bold forecasts predict BTC could reach $150,000 to $225,000 by year-end 2026, others warn that market conditions resemble a post-cycle "digestion phase," suggesting a potential range-bound period between $75,000 and $150,000.
Buy Bitcoin >>
