Bitcoin broke through the $95,000 resistance zone on January 14, 2026. The zone was formed by the round level of $95,000 (a former monthly high from mid-December) and the 38.2% Fibonacci retracement of the downward impulse from October. The breakout accelerated the active short-term impulse wave iii, part of the higher-order impulse wave 3 from mid-December, which itself belongs to the intermediate impulse wave (5) from November.
Details of the $95K Resistance Break
On the daily chart, the $95,000 level acted as a key resistance after being a monthly high in mid-December. The convergence with the 38.2% Fibonacci level created a strong barrier. After several days of consolidation below this zone, buyers pushed prices higher today on increased volume, confirming the breakout.
Impulse Wave Acceleration
The breakout fueled momentum in short-term impulse wave iii. In Elliott Wave theory, wave iii is typically the strongest and fastest leg of an impulse. This wave iii is part of a larger wave 3, which in turn is nested within wave (5). The multi-timeframe alignment strengthens the bullish case.
Outlook for the $100K Target
Given the strongly bullish sentiment across crypto markets today, Bitcoin is expected to rise further to the next resistance at $100,000. That level served as strong support in early November and has now flipped to resistance. If buying pressure persists, $100,000 could be tested in the near term.
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