The Bitcoin Rollercoaster: $90,000 and Climbing? Buckle Up! 🎢💰

by

Ah, the illustrious world of cryptocurrencies-where fortunes are made overnight and lost just as swiftly, leaving investors clutching their coffee cups in a mix of hope and despair. Recently, Bitcoin donned its bravest face, crossing the $90,000 mark after the holiday festivities, only to reveal that perhaps it’s merely dancing on the edge of the abyss, not quite ready for a grand party. 🎉🙄

Once again, the crypto market decided to play the slowpoke, trailing behind the grander stage of global finance post-Christmas. But lo and behold, the altcoins, those mischievous cousins, took the spotlight after New Year’s, enjoying a spirited rally-probably celebrating their chance to outshine the elder sibling.

On January 2nd, the digital gold rush saw Bitcoin leap above the sacred $90,000 threshold-impressive, or so it seemed. Yet, behind the glitter and fireworks, the wise on-chain data whisper a different story: don’t pop the champagne just yet. 🎇🥂

Bitcoin Needs To Hustle to $99,000 Before the Real Party Begins

Crypto analyst Burak Kesmeci, with the seriousness of a school principal, recently declared that this jump isn’t exactly cause for wild celebration. According to his rigorous calculations, Bitcoin must crack the formidable $99,000 barrier, based on the Short-Term Holder (STH) Realized Price, which currently resides comfortably around that figure. 🧐

The STH Realized Price is just a fancy way of saying, “At what average price did our impatient short-term investors buy their bitcoins?” Think of it as the neighborhood gossip revealing who paid what and when, often acting as the market’s tricky support or resistance levels.

Thus, despite the current charm of $90,110, Bitcoin has yet to breach that pivotal $99,000 mark-remaining below this line since September 2025. Kesmeci advises that until Bitcoin manages to close above this threshold, any chat about bull runs is just newspaper talk. 🐂🚫

Bitcoin chart but don’t get too excited

“No bull market without the short-term investor with a broken heart being made happy.”

A clever way of saying, “You gotta break a few hearts (or wallets) first,” before the market can really roar back to life. Short-term investors, those always on the brink of despair or hope, are the key to market mood swings.

The $99K-$102K Range: The Plain Sight of Crypto Destiny

Kesmeci also throws in a dash of caution: numerous data points are converging in the $99,000 to $102,000 band. Think of it as the final boss in a video game-until Bitcoin can jump past this hurdle, expect the price to continue its sluggish crawl.

He further noted that to turn the long-term trend positive, Bitcoin needs to slam the door shut above $101,000. So, amidst the current $90,110, we’re left pondering: is this the calm before another fall or a prelude to the big leap? Only the market gods know-or perhaps not even they. 😏

Bitcoin’s current status: somewhere between hope and despair

Read More

2026-01-03 15:44