{"id":887390,"date":"2026-01-23T21:32:05","date_gmt":"2026-01-24T03:32:05","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/23\/bitcoin-unlikely-to-set-new-all-time-high-in-2026-as-bears-retain-control\/"},"modified":"2026-01-23T21:32:05","modified_gmt":"2026-01-24T03:32:05","slug":"bitcoin-unlikely-to-set-new-all-time-high-in-2026-as-bears-retain-control","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/23\/bitcoin-unlikely-to-set-new-all-time-high-in-2026-as-bears-retain-control\/","title":{"rendered":"Bitcoin Unlikely to Set New All-Time High in 2026 as Bears Retain Control"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div>\n<div id=\"blockquote-block_0d799c0a76c03f912ad035584c5690f1\">\n<ul>\n<li aria-level=\"1\"><span>Analyst Keith Alan predicts Bitcoin will likely drop to retest its $87,500 yearly open as bulls struggle to maintain current support at $92,000.<\/span><\/li>\n<li aria-level=\"1\"><span>Market data suggests large traders are positioning for a deeper correction, potentially triggered by a \u201cdeath cross\u201d on the weekly chart later this month.<\/span><\/li>\n<li aria-level=\"1\"><span>A durable recovery above $101,500 is considered unlikely before 2027 unless Bitcoin achieves a daily \u201cgolden cross\u201d and stronger weekly momentum.<\/span><\/li>\n<\/ul>\n<\/div>\n<p><a href=\"https:\/\/cryptonews.com.au\/category\/bitcoin\/\">Bitcoin<\/a> (BTC) is likely to revisit the 2026 yearly open near US$87,500 (AU$133K) as buyers and sellers fight for control around current support levels, according to Keith Alan, co-founder of trading analytics group Material Indicators.<\/p>\n<p>In an analysis posted Wednesday, Alan said a move back toward US$87,500 (AU$133K) is \u201cnot a matter of if, but when.\u201d\u00a0<\/p>\n<p>He pointed to order-book data from Material Indicators\u2019 FireCharts tool, saying bulls are trying to hold support around US$92,000 (AU$140K), while larger players appear positioned for a deeper support test closer to the yearly open.\u00a0<\/p>\n<figure>\n<div>\n<blockquote data-width=\"500\" data-dnt=\"true\">\n<div lang=\"en\" dir=\"ltr\">\n<p>FireCharts shows a realtime battle unfolding in the <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> order book. <\/p>\n<p>Bulls are trying to defend support at the 2026-01-05 Timescape Level, but Whales appear to be looking for a support test closer to the Yearly Open before a Golden Cross forms on the D chart to trigger the next\u2026 <a href=\"https:\/\/t.co\/NNEj23MPeJ\">pic.twitter.com\/NNEj23MPeJ<\/a><\/p>\n<\/div>\n<p>\u2014 Material Indicators (@MI_Algos) <a href=\"https:\/\/twitter.com\/MI_Algos\/status\/2008881719416398208?ref_src=twsrc%5Etfw\">January 7, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Alan added that a daily-chart \u201cgolden cross\u201d (where the 21-day simple moving average crosses above the 50-day) could act as a trigger for the next rally, but only after that lower retest plays out.<\/p>\n<p><strong>Read more:<\/strong> <a href=\"https:\/\/cryptonews.com.au\/news\/parcl-and-polymarket-bring-u-s-housing-prices-to-onchain-prediction-markets-132367\/\">Parcl and Polymarket Bring U.S. Housing Prices to Onchain Prediction Markets<\/a><\/p>\n<h2 id=\"h-uncertainty-ahead\">Uncertainty Ahead<\/h2>\n<p>Alan said the timing is uncertain. If the dip does not occur within roughly a day, he expects it could follow a weekly-chart \u201cdeath cross\u201d later in the month, a bearish signal that forms when a shorter-term moving average drops below a longer-term one.<\/p>\n<p>Beyond the near-term setup, Alan said several of his longer-horizon signals remain negative, arguing Bitcoin is unlikely to reach new all-time highs before 2027 unless conditions change.\u00a0<\/p>\n<p>He described both Bitcoin and <a href=\"https:\/\/cryptonews.com.au\/category\/ethereum\/\">Ethereum<\/a> (ETH) as being at \u201ccritical inflection points,\u201d and said a more durable recovery would likely require stronger weekly momentum, including a weekly RSI above 41 and weekly closes back above the 50-week moving average near US$101,500 (AU$155K).<\/p>\n<p>Bitcoin is currently trading at $90.7K (AU$135.1K) at press time, a decrease of 2.07% in the last 24 hours, as per CoinMarketCap data.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"510\" alt   data-eio=\"l\" data-old-src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAABkAAAAH+AQAAAADsEP+BAAAAAnRSTlMAAHaTzTgAAAB6SURBVHja7cExAQAAAMKg9U9tCU+gAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+BuQfQABPrnWUgAAAABJRU5ErkJggg==\" src=\"https:\/\/cdn.cryptonews.com.au\/2026\/01\/08160135\/image-7.png\" srcset=\"https:\/\/cdn.cryptonews.com.au\/2026\/01\/08160135\/image-7.png 1600w, https:\/\/cdn.cryptonews.com.au\/2026\/01\/08160135\/image-7-768x245.png 768w\"><figcaption>Source: TradingView.<\/figcaption><\/figure>\n<p><strong>Read more:<\/strong> <a href=\"https:\/\/cryptonews.com.au\/news\/riot-platforms-cashes-in-on-bitcoin-rally-with-200m-year-end-sales-132375\/\">Riot Platforms Cashes In on Bitcoin Rally With $200M Year-End Sales<\/a><\/p>\n<\/p><\/div>\n<p> Jos\u00e9 Oramas <a href=\"https:\/\/cryptonews.com.au\/news\/bitcoin-unlikely-to-set-new-all-time-high-in-2026-as-bears-retain-control-132399\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analyst Keith Alan predicts Bitcoin will likely drop to retest its $87,500 yearly open as bulls struggle to maintain current support at $92,000. Market data suggests large traders are positioning for a deeper correction, potentially triggered by a \u201cdeath cross\u201d on the weekly chart later this month. A durable recovery above $101,500 is considered unlikely<\/p>\n","protected":false},"author":1,"featured_media":887391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,40],"tags":[11476],"class_list":["post-887390","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-unlikely","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/887390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=887390"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/887390\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/887391"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=887390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=887390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=887390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}