#BTC #ETH #ADA Bitcoin climbed above the $94,000 level today, marking its highest price in nearly four weeks. The move came alongside a broader rally in risk assets such as stocks, gold, and silver, with Bitcoin gaining over 3% on the day.
Technical Insight
Bitcoin has moved above its 50-day moving average for the first time since the correction that began in early October. This is seen as a key signal that the market may be forming a stronger base.
Market Highlights
*Bitcoin is up approximately 6% year-to-date
*$471 million flowed into U.S. spot Bitcoin ETFs on January 2
*Around $297 million worth of crypto positions were liquidated in the last 24 hours, mostly short positions
Key Levels to Watch
*Resistance: $94,000
*Support: $88,000
Expert View
Analysts describe the current phase as a stabilizing market, not a fast acceleration. The coming weeks will determine whether new capital inflows can sustain further upside.
