Bitcoin Stalls Below $100K as Hedging, Resistance and CME Gaps Shape January Outlook

Bitcoin began the year strongly but remains capped below $100,000, with dealer hedging reportedly pinning price between $90,000 and $95,000 ahead of key options expiries later in January 2026. Analysts highlight resistance near $94,000, rising support from late 2025, and CME futures gaps around $90,700 and $88,000–$88,500 as critical levels that could guide the next major move. While some expect a short-term rally toward $97,000–$107,000, projections also include a possible drop below $70,000 later in the cycle.