Bitcoin [BTC] has surged past $91,000, marking a new yearly high and signaling a shift in market sentiment. Whale addresses holding over 1,000 BTC have moved from net selling to heavy accumulation.
As Bitcoin broke the $90K mark and headed towards the $94K-$95K range, the odds of Bitcoin hitting $95K in January had risen to 70% on Polymarket.
Source: X
Analysts were questioning whether this was the start of a new bull market or just a temporary surge.
A sign of bullish sentiment
Bitcoin whales have been actively accumulating more BTC, indicating a shift toward long-term gains. The change from selling to heavy accumulation mirrored patterns seen in previous bull markets.
Source: Checkonchain
This growing trend of accumulation boosted the likelihood of further price increases, with the odds of Bitcoin hitting $95K in January steadily rising.
Bitcoin’s potential to rally 400%
Bitcoin’s recent surge had many comparing it to gold’s previous rallies. In the last 5-6 years, gold saw a sharp 400% increase after hitting its peak, and Bitcoin could follow suit.
With Bitcoin approaching $94K, analysts were drawing parallels between the two assets.
Source: X
The current surge, powered by whale activity and positive market sentiment, hinted at significant growth ahead.
Dead cat bounce or new bull market?
Bitcoin had cleared the $90K mark and was targeting $94K-$95K, indicating that the price movement was part of a broader upward trend.
After breaking the range set in mid-December 2025, Bitcoin cleared the $91K resistance level. This breakout suggested a possible continuation toward the $94K-$95K range, signaling a shift in market momentum.
Source: TradingView
The RSI was nearing overbought levels, suggesting that Bitcoin still had room for further upward momentum. The MACD also showed a positive crossover, reinforcing the bullish outlook.
Final Thoughts
- Bitcoin’s whale accumulation and the breakout above key resistance levels suggested continued bullish momentum.
- With the odds of hitting $95K increasing and technical indicators supporting the rise, Bitcoin’s rally was likely to continue.
