Bitcoin (BTC) is at a crucial moment, currently trading around US 87.756. Despite the recent correction, the macro scenario and on-chain data suggest that this may be the "rest" before the leap to six digits.
📉 The Macro Factor: Consumer Confidence in Free Fall
We have just received the Consumer Confidence (CB) data from the USA and the result was a shock to the traditional market:
January/2026: 84.5
Projection: 90.6
Previous: 94.2
Values lower than expected are considered negative for the dollar (USD). With confidence collapsing to 84.5, pressure on the dollar increases, which historically favors scarce assets like Bitcoin.
🔗 On-Chain Data: Has Selling Pressure Exhausted?
While the price pulls back, the internal structure of the network shows resilience:
Profitability Decline: The network's profitability dropped from 75.3% to 66.9%.
Stability Zone: This value is below the historical limit of 69.1%, a level where the price typically finds local support, as the incentive to sell at a loss drastically decreases.
Strong Hands (LTH): The LTH NUPL indicator has fallen below 0.60. Historically, this signals that long-term investors have stopped selling and started a new phase of accumulation.
🎯 Technical Levels: The Path to $100,000
With BTC at $87,756, these are the points of attention:
Immediate Resistance: Surpassing $89,241 to regain the psychological zone of $90,000.
Expansion Target: A confirmed breakout of the current channel paves the way for $98,000, before the final quest for $100,000.
Critical Support: It is vital to maintain the level of $87,210. If lost, we may test $84,698, which would delay the bullish thesis.
💡 Conclusion: The combination of a weakened dollar due to low consumer confidence and the capitulation of short-term sellers creates the perfect environment for the continuation of the uptrend.
And you, do you believe that $100,000 will be reached this quarter? Comment your opinion below! 👇