Bitcoin Price Hits $97,000 Amid Cycle Pattern Debate

News Flash 2026-01-19 00:00

Bitcoin's price surged above $97,000 on January 14, marking its highest level since November. This rise coincides with a deviation from a long-standing price pattern, sparking discussions among analysts about potential shifts in the market's fundamental structure. Historically, Bitcoin has followed a pattern of three consecutive green years followed by a red year, aligning with its four-year halving cycle. However, the sequence from 2023 to 2025 broke this rhythm, leading to speculation about 2026's outcome. Analyst Egrag Crypto suggests a 55% to 65% probability that 2026 will end on a positive note, viewing 2025's downturn as a cooling phase rather than a trend reversal. This outlook depends on Bitcoin maintaining strong monthly closes above $105,000 and price stability above $90,000. Meanwhile, chartist PlanB highlighted that the current cycle's average price of $90,000 is significantly higher than the previous cycle's $34,000, despite 2025's deviation from expected patterns. At present, Bitcoin is trading just under $97,000, with a 2% daily increase and an 8% weekly gain. The cryptocurrency's market dominance has risen above 57%, indicating its strength relative to altcoins. Short-term holders have shown caution, with over 40,000 BTC moved to exchanges in a single day as prices rebounded, reflecting a cautious sentiment following the late-2025 correction.

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