Bitcoin (BTC-USD) rose above $93,000 per coin on Monday, suggesting that recent momentum may be changing after a rough end to 2025.
“Bitcoin has entered a bullish trend,” crypto data firm 10X Research wrote in a report on Sunday.
The company noted that trading volumes will return to normal and early signs of institutional repositioning will kick off the new year.
“In this environment, doing nothing can feel safe… but turns out to be a real risk,” the report said.
Learn more about today’s market moves
The coin is showing strength by remaining above a key moving average, with 10X Research stating, “As long as Bitcoin remains above the 21-day moving average, the short-term bias remains toward the upside.”
Another encouraging sign involves how traders are betting on future price movements through options trading.
“BTC options flow has shifted from selling calls to actively buying options, reflecting its positioning towards a potential move towards the $100,000 level,” the report said.
As momentum builds, the research firm says $98,197 is a critical level that the coin must break above for its next meaningful move higher.
After a tumultuous 2025, here are the stories that could define the new year.
Following a sell-off in the fourth quarter of last year, Bitcoin prices have been trading within a narrow range in recent weeks, setting off a rebound in 2026. Forced liquidation and selling by long-term holders pushed prices down from October highs of $126,000.
The cryptocurrency has fallen for three months in a row, a pattern that has only occurred 15 times in history and often sets the stage for gains in January.
Fundstrat strategist Sean Farrell recently predicted that next month’s portfolio rebalancing could provide a tailwind for prices, helping fuel the recent rally.
Ines Ferre is a senior business reporter at Yahoo Finance. Follow her on X: @ines_ferre.
Click here for an in-depth analysis of the latest stock market news and events affecting share prices
Read the latest financial and business news from Yahoo Finance