Bitcoin price bulls face key breakout test at $93k horizontal resistance

cryptonews01-05

Bitcoin hits $93k after a falling wedge breakout, testing major horizontal resistance as overbought signals, bear flag risk and moving averages clash. Summary Bitcoin price has broken out of a ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin price bulls face key breakout test at $93k horizontal resistance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-05 20:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/bitcoin-price-bulls-face-key-breakout-test-at-93k-horizontal-resistance/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin hits $93k after a falling wedge breakout, testing major horizontal resistance as overbought signals, bear flag risk and moving averages clash.\n\n\nSummary\n\n\n\nBitcoin price has broken out of a ...</p>\n\n<a href=\"https://crypto.news/bitcoin-price-bulls-face-key-breakout-test-at-93k-horizontal-resistance/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://crypto.news/bitcoin-price-bulls-face-key-breakout-test-at-93k-horizontal-resistance/","article_id":"2601886819","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/bitcoin-price-bulls-face-key-breakout-test-at-93k-horizontal-resistance/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2601886819","pubTimestamp":1767614640,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Bitcoin hits $93k after a falling wedge breakout, testing major horizontal resistance as overbought signals, bear flag risk and moving averages clash.Bitcoin price has broken out of a falling wedge and climbed to $93k, colliding with a key horizontal resistance zone on the 4-hour and daily charts.Price trades inside a potential bear flag, with a downwardsloping 200day SMA and overbought Stochastic RSI across shortterm timeframes capping upside.A shallow pullback could fuel a breakout toward higher structural resistance, while a deeper drop to the major ascending trendline would restore sideways action.Bitcoin  price reached the $93,000 level on January 5, encountering a major horizontal resistance point after breaking out of a falling wedge pattern, according to technical analysis.The technical assessment emphasized that price direction will depend on the depth of any potential pullback, with a shallow retracement potentially allowing the rally to continue, while a","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK1611":"加密货币现货ETF","BK4594":"比特币ETF概念","03439":"嘉实比特币","BK4601":"加密货币现货ETF","03008":"博时比特币"},"translate_title":"比特币价格多头面临93,000美元水平阻力的关键突破测试","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"03008":0.81,"03439":0.81},"content_text":"Bitcoin hits $93k after a falling wedge breakout, testing major horizontal resistance as overbought signals, bear flag risk and moving averages clash.\n\n\nSummary\n\n\n\nBitcoin price has broken out of a falling wedge and climbed to $93k, colliding with a key horizontal resistance zone on the 4-hour and daily charts.\nPrice trades inside a potential bear flag, with a downward‑sloping 200‑day SMA and overbought Stochastic RSI across short‑term timeframes capping upside.\nA shallow pullback could fuel a breakout toward higher structural resistance, while a deeper drop to the major ascending trendline would restore sideways action.\n\n\n\nBitcoin (BTC) price reached the $93,000 level on January 5, encountering a major horizontal resistance point after breaking out of a falling wedge pattern, according to technical analysis.\nBitcoin price retests $93k\nThe cryptocurrency has been rising since exiting the wedge formation, with the price moving upward through a downtrend line while maintaining support at a major ascending trendline on the 4-hour chart, the analysis indicated. The advance has brought the digital asset to a significant horizontal resistance level where the price appears to have met resistance.\nTechnical indicators show Bitcoin registering overbought conditions across short-term timeframes extending to the daily chart, according to the report. The Stochastic RSI indicators on all short-term timeframes are at or near their upper limits, the analysis noted.\nThe daily chart reveals the horizontal resistance line represents an important price structure level, according to the technical assessment. The analysis indicated that a successful break above this level could lead to rapid advancement toward the next major structural resistance, which sits considerably higher.\nSeveral technical factors present challenges for further upside movement, the report stated. Bitcoin remains within a bear flag pattern, with the upper boundary potentially aligning with the horizontal resistance level. Additionally, the 200-day simple moving average is angled downward at an incline not previously seen during the current bull cycle, according to the analysis.\nThe price has regained the 50-day simple moving average, which shows signs of potentially curling back toward the upside, the report noted.\nThe weekly timeframe displays a breakout from a falling wedge pattern, a formation typically associated with upward price movement, according to the technical analysis. The Stochastic RSI on the weekly timeframe indicates potential for upside momentum once both indicator lines cross above the 20 level, the report stated.\nHistorical data from the weekly chart shows that previous instances of the Stochastic RSI moving up from bottom levels were followed by strong rallies, according to the analysis.\nThe technical assessment emphasized that price direction will depend on the depth of any potential pullback, with a shallow retracement potentially allowing the rally to continue, while a deeper decline to the major ascending trendline could return the price to recent sideways trading patterns.\n\n\n\n\n\n                Read more:\n            \n\n                Why is Bitcoin price going up after US operation in Venezuela","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.1","shortVersion":"4.36.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2601886819","isCrawlerRequest":true}