Crypto Analyst Underlines Local Bottom After BTC Briefly Traded at Local Top

TheNewsCryptoPublished on 2026-01-08Last updated on 2026-01-08

Abstract

Bitcoin recently experienced volatility, briefly trading near a local top of $94,000 before dropping to a potential local bottom around $90,056. Crypto analyst Ali Martinez identified these levels and noted a TD Sequential buy signal, suggesting a possible price bounce. Despite recent declines influenced by geopolitical tensions and inflation concerns—triggered by events like potential energy tariffs and the seizure of a Russian tanker—market sentiment remains optimistic. Predictions indicate BTC could rise over 13% in three months, potentially reaching $102,578, and may achieve a new all-time high by late 2026. Investors are advised to research thoroughly and consider risks.

A crypto analyst has underlined two critical points for BTC – local bottom and local top. This comes after the flagship token plunged to around $90k, losing the earlier momentum wherein it was hovering around $92k on a 24-hour chart. BTC price is still estimated to reclaim the milestone and possibly mark a new ATH by the end of 2026.

BTC Price Locals

Ali Martinez, also known as Ali Charts on X, has highlighted local bottom and local top points for BTC. The notable crypto analyst has emphasized that BTC price could be forming a local bottom at around $90,056, adding that the local top was approximately $94,000.

He has also said in the post that the TD Sequential was flashing a buy signal for Bitcoin tokens. The community has responded to this with some saying that the token was finally ready to bounce, while others hinted that they would accumulate at around $88k.

Factors Influencing BTC Price

The crypto market is dynamic and volatile as multiple factors are known to influence price movements at any given moment. Recent incidents to grab everyone’s attention include a possibly 500% tariff on countries that are buying Russian energy products including its oil. This has triggered concerns around inflation, which slipped for the first time since April 2025.

The seizure of a Russian-flagged tanker by the US has also caused worry about global tensions. Prices of Bitcoin tokens, Ethereum tokens, and others slipped when reports broke out. Even the market cap declined by 1.93% to around $3.12 trillion at that moment.

Will BTC Reverse?

Crypto enthusiasts are bullish that bitcoin will eventually reverse the ongoing downtrend. BTC price prediction estimates the token to go as high as $102,578 for a growth of 13.68% in the next 3 months. This is despite the FGI rating of 28 points.

BTC last noted an ATH of $126,198.07 on October 07, 2025. It has shed almost 28.54% of its value since then. However, it is forecasted to not just reclaim the milestone, but also record a new ATH by the end of 2026. Simultaneously, it is important for the Spot Bitcoin ETF to break the streak of outflows to instill confidence among investors.

Needless to say, it is advised to research and assess risk before investing in BTC, or any other cryptocurrency for that matter.

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Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of BTC (BTC) are presented below.