Bitcoin Price Rises to $92,000 Today: How High Can BTC Soar?

Jakarta, Pintu News – Bitcoin (BTC) price briefly traded around $91,300 as the market entered January 5 with the movement narrowing. Buyers maintained an ascending short-term trend line, while sellers continued to hold the price rise below the descending resistance line that has formed the price movement pattern since November.

As a result, the market is experiencing a squeeze or constriction, rather than a momentum boost, with the direction of movement likely to be determined early this week when US markets reopen. So, how will Bitcoin price move today?

Bitcoin Price Up 1.89% in 24 Hours

As of January 5, 2026, Bitcoin was trading at $92,877, equivalent to IDR 1,558,330,466, marking a 1.89% increase over the past 24 hours. During this period, BTC fluctuated between a low of IDR 1,525,891,188 and a high of IDR 1,563,247,398.

At the time of writing, Bitcoin’s market capitalization is approximately IDR 31,061 trillion, while 24-hour trading volume has surged by 36%, reaching IDR 603.81 trillion.

Read also: 10 Crypto to Invest in at the Beginning of 2026 Based on Market Capitalization

The Narrowing Gets Stronger When Trend Lines Meet

On the daily chart (4/1), Bitcoin continues to move in an increasingly narrowing wedge pattern. The lower boundary of this pattern has been rising since mid-December from a low of around $80,500, while the upper boundary is declining from the breakdown area in November. Currently, the price is starting to press towards the apex of the structure.

Bitcoin is still trading below the 100-day EMA around $96,750 and the 200-day EMA around $100,300, which keeps the long-term structure on the defensive. The 20-day EMA at $88,900 and the 50-day EMA at $91,500 act more as short-term balance levels, rather than trend drivers.

The Supertrend indicator on the daily chart is still showing bearish signals and is near the $95.100 level, reinforcing the view that sellers still control the overall momentum. As long as this level is not broken again, any price increase is likely to be corrective only.

Short-Term Charts Show Buyer Activity, But Still Limited

On the lower timeframes, the picture is more positive. On the 30-minute chart, Bitcoin followed a consistent uptrend line throughout the weekend. Any dips to the $89,500 to $90,000 area were always met with buying, forming higher lows and keeping the price higher.

The momentum indicators also reflect this stabilization. The RSI is holding above 60, showing strength with no signs of saturation. The MACD is still in positive territory but is beginning to flatten, signaling that the upward momentum is slowing rather than increasing.

The price is currently consolidating slightly below $91,500, a level that has stopped the upward movement several times in the last 24 hours. If the price manages to break this level cleanly, then the $92,000 to $92,500 area could be the next target, where previously selling pressure appeared.

Spot Flows Begin to Stabilize After Massive Distribution

Data from the spot market shows that selling pressure has started to ease compared to late November and early December. Although netflows are still negative overall, the last session recorded a net inflow of $25.6 million – indicating that large distributions have paused.

Read also: Bitcoin Price Predictions in 2026: What Do Analysts and Market Data Say?

During the sharp drop in November, daily outflows often exceeded $300 million and coincided with drastic price drops. The absence of similar outflow pressure in recent sessions helps explain why Bitcoin is still holding its own despite looking technically weak.

Geopolitical shocks fail to change market structure

Bitcoin’s response to geopolitical news over the weekend was calm and unreactive. News of the US airstrikes on Caracas and the arrest of Venezuelan President Nicolás Maduro sparked heated debates on social media, but risk assets in general – including crypto – did not show any significant immediate reaction.

Historically, sudden geopolitical shocks often trigger sharp declines in risk markets, including crypto markets. This time, however, Bitcoin prices have remained stable. BTC is still holding above its short-term support level, indicating that the forced selling pressure is not too great.

Some analysts see this price resilience as a positive signal. However, others warn that this calm could be temporary. As institutional players are generally inactive over the weekend, the flow of market reactions may only kick in once traditional markets reopen.

Outlook: Will Bitcoin Go Up?

Bitcoin is currently going through a consolidation phase (compressing), rather than forming a clear trend. This equilibrium will most likely break soon.

Bullish Scenario:

If the price is able to close strongly above $95.100, then the Supertrend indicator will turn bullish, the downtrend line will be broken, and an upward movement towards the 100-day EMA could potentially begin.

Bearish Scenario:

If the price closes daily below $89.500, then the upside support formed will be broken, opening up the potential for a further decline towards $86.500 or even lower.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinEdition. Bitcoin Price Prediction: Compression Builds Near $92,000 As Buyers Defend Rising Support. Accessed on January 5, 2026