Key highlights:
- Bitcoin has broken out of a two-month consolidation range after reclaiming levels above $96,000.
- Analysts point to strong technical signals, while corporate Bitcoin accumulation continues at record levels.
- Market participants remain divided on whether the breakout will hold or fade in the coming weeks.
Bitcoin has ended a two-month period of sideways trading, breaking out of the $94,000-$96,000 range and signaling a potential shift in momentum. On January 13, the asset reached $97,939, gaining 6.36% in just two days.
The move has drawn attention from technical analysts and market observers, many of whom are now watching closely to see whether Bitcoin can sustain its breakout or if the rally risks fading.
Bitcoin attempts breakout after two months of consolidation
According to analyst Crypto Candy, Bitcoin is attempting to break out after an extended range-bound phase. He noted that a successful breakout would require the price to hold above the $94,000 level and continue building upward momentum.
BTC/USD 1-day chart. Source: Crypto Candy via X
If that scenario plays out, Bitcoin could advance toward the $107,000 area in the coming weeks. However, failure to consolidate above former resistance may turn the move into a false breakout, potentially sending prices lower.
A similar view was shared by Plan C, the creator of Bitcoin’s quantile model. He indicated that recent charts suggest the accumulation phase may be ending, with early signs pointing toward the start of a new upward trend.
BTC/USD 1-day chart. Source: Plan C via X
Adding to this perspective, trader Daan Crypto Trades emphasized the importance of the $93,000-$94,000 zone for bullish market structure. He identified the $98,000–$99,000 area as the first major resistance, noting that this zone previously acted as a key support level during 2025.
Corporate Bitcoin demand hits record levels
While technical signals dominate short-term discussions, some analysts are pointing to a broader fundamental trend supporting Bitcoin’s price.
BitBull Trader highlighted accelerating corporate Bitcoin accumulation over the past six months. During that period, DAT (digital asset treasury) companies reportedly increased their Bitcoin reserves by approximately 260,000 BTC, raising total holdings from 854,000 to around 1.11 million coins.
The size of corporate Bitcoin reserves. Source: BitBull/Glassnode
How corporate buying changes the market
This pace of accumulation translates to roughly 43,000 BTC added per month, representing more than $4 billion in consistent corporate demand.
According to BitBull Trader, this marks the highest level of corporate Bitcoin accumulation on record, potentially providing a strong foundation beneath the market.
From a macro perspective, analyst Michaël van de Poppe drew parallels with the precious metals market. He suggested that if the gold price can continue to post strong gains and the silver price approaches higher targets, Bitcoin could deliver even stronger performance once it breaks into new all-time highs.
In his view, Bitcoin currently remains one of the most undervalued assets in the market.
Source: https://coincodex.com/article/80182/bitcoin-price-prediction-btc-ends-two-month-consolidation-and-moves-toward-107000/
