At the start of 2026, Bitcoin rebounded toward its weekly range high, reaching $94,800 amid improving sentiment and trading activity. After failing to hold above $95,000, the price is retesting support around the 20-day moving average near $89,400, while technical levels and liquidation clusters suggest another futures-led push toward $95,000 and possibly $101,500. Recent data also show nearly $1.1 billion in futures buy volume accompanying the Jan. 5 rally, triggering about $100 million in short liquidations on the BTC/USDT pair at Binance.