Bitcoin Briefly Surges Above $93,000 as Buyers Test New Range
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 05 2026- Price Breakout: Bitcoin briefly surged above $93,000, indicating strong short-term momentum despite fragile overall market sentiment, which may attract more buyers into the market.
- Support Level Analysis: The current price stabilizes around $92,500 to $92,600, suggesting profit-taking rather than panic selling, and maintaining above $90,000 would help sustain bullish pressure.
- Market Participation: Significant volume increase during the breakout phase indicates that the price rise was supported by active participation rather than thin liquidity, providing confidence for future price movements.
- Technical Signals: Although Bitcoin faced resistance near $93,000, the overall structure remains constructive, and if it can consolidate in the low $92,000 range, it will lay the groundwork for further upward movement.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
