Bitcoin Tests Key Levels Amid $84,000 to $94,500 Range

News Flash 2026-01-12 15:17

Bitcoin continues to oscillate between $84,000 and $94,500, testing key resistance and support levels. Over the past week, Bitcoin reached a high of $94,789 and a low of $89,311, closely aligning with the predicted resistance at $94,500 and support at $89,500. This movement validates the forecast of a consolidation within this range. Market analyst Cody Feng reports a successful short-term trading strategy, achieving a 3.4% return by leveraging these key levels. The strategy involved shorting Bitcoin at resistance and closing positions at support, effectively capitalizing on the predicted price movements. Looking ahead, Bitcoin is expected to continue fluctuating within this range, with potential breakouts to the downside targeting $80,000 or to the upside if $94,500 is held strongly.

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This content is for informational purposes only and does not constitute investment advice.

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