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.
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.
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.
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.
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.
