On January 13, 2026, Bitcoin is trading at $91,975 with an increase of 0.10% in the past 24 hours, which is way below the $126,173 peak reached in October 2025, yet still substantially up from the prices before 2024. The coming three years are likely to be influenced by the risk assessment of the investors, leaning towards adoption-driven demand and economic challenges in the world.
On the 2-hour chart, Bitcoin has bounced off a rising trendline that has been in place since late December, and is currently trading around $92,000.
Even though BTC was not able to keep a close above $92,200, the overall structure suggests an upside continuation rather than distribution.
The price is making higher lows reinforced by the ascending trendline around $90,200, now a critical support zone. This upward trend with the horizontal resistance between $92,200-$92,500 forms an ascending triangle.
The RSI is around 60, indicating a period of consolidation after a reset, while the short-term EMAs are above the longer-term averages.
If $92,500 is broken through with confirmation, the way to $93,900 and $95,000 could be opened.
Spot Bitcoin ETFs have created a regulated on-ramp for pension funds, asset managers, and high-net-worth investors. Even after recent ETF outflows, cumulative holdings remain substantial, signaling that institutional interest is cyclical, not fleeting.
Bitcoin’s halving cycle continues to reduce new issuance, compressing available supply. With fewer coins entering circulation each year and long-term holders controlling a large portion of the existing supply, even moderate demand growth could exert upward pressure.
Improvements in custody, derivatives markets, and settlement rails have reduced friction for large capital allocators. Deeper liquidity and better risk-management tools make Bitcoin more resilient to large flows.
Clearer frameworks reduce legal uncertainty, which is critical for unlocking conservative institutional capital. Policy developments around strategic reserves and national holdings could further reinforce Bitcoin’s legitimacy as a macro asset.
Bitcoin still behaves like a high-beta risk asset during periods of economic stress. Rising unemployment, slower global growth, or tighter financial conditions could trigger sustained de-risking, limiting upside or driving deeper corrections.
Recent data increasing Fear & Greed Index, highlighting how quickly sentiment can shift. If retail and institutional flows remain negative, price recovery could be delayed.
From a market structure perspective, BTC has broken key moving averages, and bearish signals such as long-term trend crossovers have increased downside risk. Failure to hold major support zones could expose levels closer to $80,000.
Also Read: Is Bitcoin Hurting Financial Inclusion? The Energy Debate You Need to Know
By 2030, Jack Dorsey predicts Bitcoin will exceed $1 million, while Cathie Wood projects $1.5 million. Both forecasts assume continued ETF inflows, global adoption, and Bitcoin’s status as digital gold.
Bitcoin’s supply will be nearly exhausted, with 98% of the total 21 million coins mined, increasing scarcity.