Bitcoin faces 'big boy sell wall' at $95K as BTC price struggles vs. gold

1 day ago

Bitcoin (BTC) struggled to proceed its rebound astatine Tuesday’s Wall Street unfastened arsenic attraction focused connected $95,000 sellers.

Key points:

Bitcoin faces absorption arsenic it approaches a ample country of seller involvement astatine $95,000.
BTC terms enactment begins to weaken versus hazard assets and precious metals.
Support connected play timeframes remains intact, with $93,500 a cardinal absorption for the play close.

“Choppy” BTC terms enactment follows $95,000 test

Data from TradingView tracked a nonaccomplishment of BTC terms momentum aft BTC/USD deed $94,800 the time anterior — its highest since Nov. 17.

“Choppy terms enactment starting to amusement up successful marketplace information particularly here,” trader Skew reacted successful portion of his latest X analysis connected the day.

Skew identified what helium called a “passive seller” astatine $94,000 — an entity selling into terms upside successful a sustained manner.

“Longs realise the subtle cue astir $94K the 2nd clip and bail from positioning lone for precocious shorts to commencement positioning. Typically there's a batch of decay connected these days,” helium added alongside a illustration of speech order-book data.

Commentator relationship Exitpump flagged a wall of asks astatine $95,000 keeping terms successful check.

“Big lad merchantability partition astatine 95K connected spot orderbooks, contiguous is the time terms either smashes done it oregon rejects from it,” it summarized.

On macro, the enactment continued, with US stocks heading higher and golden reaching $4,491 per ounce, fueled by developments successful Venezuela. Silver retook the $80 mark.

BREAKING: Silver extends gains supra $80/oz, already up different +13% year-to-date. pic.twitter.com/1d9Sv7F61W

— The Kobeissi Letter (@KobeissiLetter) January 6, 2026

In its latest “Asia Color” marketplace update, trading institution QCP Capital referenced crypto falling backmost successful enactment to travel large plus classes.

“Crypto’s caller alignment with broader hazard assets whitethorn awesome a authorities displacement and the strengthening of bullish narratives to commencement the year, particularly with the year-end taxation nonaccomplishment harvesting shenanigans retired of the mode and a caller crypto measure connected the horizon,” it wrote.

“While overmuch of this communicative was apt already priced in, Washington’s Venezuela daze could service arsenic a near-term catalyst for BTC.”

Bitcoin nevertheless struggled against gold’s latest march higher connected the day.

Analyst: Bitcoin needs $93,500 play close

Adding optimism to the longer-term picture, trader and expert Rekt Capital revealed that BTC/USD had protected the bottommost of a cardinal scope connected play timeframes.

The brace present needed to adjacent the coming play candle supra scope highs astatine $93,500 — the 2025 yearly unfastened level.

“It would corroborate a breakout from the Range and besides extremity the Weekly Downtrend dating to mid-October 2025 (note: this Downtrend isn't the astir important 1 but it's nevertheless noteworthy fixed its mid-term significance),” helium told X followers Monday.

“Generally, ~$93500 needs to clasp arsenic enactment for mid-term bullish bias.”

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