Bitcoin Revisits Early 2026 Weekly Highs as Futures Liquidations Fuel Move Toward $95,000

In the first days of 2026, Bitcoin climbed back toward the top of its weekly range, approaching $94,800 while major altcoins also advanced. Price has traded above the 20-day moving average, with liquidation clusters forming between $89,000 and $87,000 and near $95,000 resistance. On Jan. 5, a futures buy surge of nearly $1.1 billion and about $100 million in short liquidations drove intraday volatility, leaving Bitcoin in a range shaped by leveraged positioning around key levels.