TLDR
- Bitcoin price holds above $94,000, reinforcing accumulation within a defined range.
- Cup and Handle formation supports a bullish breakout above $100,000.
- Higher lows signal strengthening structure despite cooling volatility.
- Long-term RSI trends favor continuation toward new cycle highs.
Bitcoin(BTC) price continues to trade within a defined consolidation range as market analysts assess the next directional move. Multiple technical perspectives suggest that sustained support could set the stage for an upside extension toward the $106,000–$108,000 zone. Analysts noted that while volatility has cooled, structural signals remain constructive across several timeframes.
Bitcoin Price Holds Range as Key Support Remains Intact
According to analyst Ted Pillows, Bitcoin price remains locked in a broad sideways structure on the daily chart. Price has been consolidating between clear demand and supply zones following the sharp November sell-off. Importantly, BTC rebounded strongly from the lower $80,000 zone and has since formed a sequence of higher lows.
The $94,000 level continues to act as a critical support zone within this range. Multiple daily closes have respected this level, reinforcing its role as a structural floor. This repeated defense points to steady accumulation rather than reactive buying.
$BTC has been going sideways for now.
As long as the $94,000 support level holds, the next big move will be to the upside. pic.twitter.com/k9bKmKTqnM
— Ted (@TedPillows) January 17, 2026
Moreover, Ted noted that consolidation above $94,000 favors upside continuation. A decisive reclaim of the $100,000–$102,000 resistance band could unlock momentum toward $106,000–$108,000. Until that breakout occurs, range-bound price action remains technically constructive.
Cup and Handle Pattern Strengthens Breakout Narrative
Meanwhile, analyst Max Crypto highlighted a bullish Cup and Handle formation on the 4-hour chart. The rounded base reflects a prolonged accumulation phase following prior highs. This structure suggests a gradual transition from distribution into demand-led recovery.
The handle portion has developed through shallow, controlled pullbacks. Bitcoin price continues to hold well above prior support, preserving bullish market structure. Declining volatility within the handle points to fading selling pressure.
$BTC looks good here.
A breakout from "Cup & Handle" pattern will send Bitcoin above $100,000. pic.twitter.com/HwBYCtTYtd
— Max Crypto (@MaxCrypto) January 17, 2026
According to the analyst, a confirmed breakout above handle resistance would invalidate near-term bearish scenarios. The measured move projection targets a decisive push above $100,000. Such a move would likely attract higher volume and renewed participation, reinforcing the broader uptrend.
RSI Structure Signals Macro Strength in Bitcoin Price
Analyst Trader Tardigrade shifted focus to the macro outlook using a 3-day chart and long-term RSI behavior. Historically, Bitcoin price has followed a pattern of higher highs and higher lows, supported by RSI trends within a rising channel. Previous RSI rebounds from the channel’s lower boundary have aligned with major price lows.
Currently, RSI is recovering from a similar support zone, echoing past accumulation phases. This alignment suggests downside momentum has been largely absorbed. The structure implies that the market is transitioning from consolidation into expansion.
$BTC/3-day#Bitcoin is set to reach a new ATH before mid-2026 🔥 pic.twitter.com/HBwOX4uvH4
— Trader Tardigrade (@TATrader_Alan) January 17, 2026
Furthermore, Tardigrade projected that historical symmetry favors a new all-time high before mid-2026. The framework anticipates rising RSI highs alongside accelerating price action. While short-term pullbacks remain possible, the macro setup continues to favor continuation within the current cycle.
