Bitcoin Price Prediction: BTC Price Breaks Multi-Month Trendline as US Market Liquidity Drives $92K–$95K Rally

Bitcoin (BTC) surged past a multi-month descending trendline this week, signaling renewed bullish momentum as traders and investors anticipate fresh US market liquidity to push BTC higher.

The move comes after weeks of consolidation between $88K and $93K, where BTC struggled to maintain direction. Technical patterns such as a double bottom and ascending triangle now suggest a potential push toward $92K–$95K.

BTC Breakout Confirmed After Multi-Month Consolidation

After months of sideways movement and retracements, Bitcoin finally demonstrated a decisive breakout. Crypto analyst Ted (@TedPillows) commented, X: “$BTC breakout has finally happened. Still waiting for a daily close, but this looks promising.”

Bitcoin ($BTC) breaks out past key resistance, showing bullish momentum as traders await daily candle confirmation. Source: @TedPillows via X

BTC rebounded from the local low near $88K following a swing high around $93K in November. The push past $90.5K resistance reflects healthy bullish momentum. On-chain data also shows increased exchange outflows and active addresses, indicating reduced immediate sell pressure and heightened investor interest. While social sentiment is bullish, it is worth noting that breakouts can fail if volume declines or daily closes retreat below key support levels.

Technical Patterns Supporting Bitcoin Rally

Several technical indicators reinforce the bullish case. TradingView analyst CryptoSanders9563 noted that BTC is compressing within an ascending triangle, with higher lows supporting upward momentum.

BTCUSDT forms an ascending triangle with higher lows; a break above resistance could push the price higher, while support remains steady below. Source: CryptoSanders9563 on TradingView

Key levels:

• Resistance: $89.5K–$90K
• Potential upside: $92K–$95K if breakout holds
• Support: $86K–$87K

The double bottom near $88K provides an additional technical foundation, showing that buyers have historically stepped in at this level. Volume expansion accompanying the breakout further validates the move, distinguishing it from a low-liquidity spike. Traders should monitor daily candle closes and relative strength index (RSI) behavior, as both provide confirmation of trend sustainability.

US Market Liquidity Fuels Upward Pressure

The timing of the US market open often coincides with increased liquidity. Michaël van de Poppe (@CryptoMichNL) observed, “The markets start to move upwards, which is excellent. I expect the markets to continue grinding higher with new liquidity pouring into Bitcoin.”

Bitcoin ($BTC) gains upward momentum as new US market liquidity flows in, with a potential $100K test expected in January. Source: @CryptoMichNL via X

Such inflows can support the breakout, potentially testing $100K if momentum persists. Traders, however, should remain cautious of gaps during CME holiday closures or other low-volume periods, which could create temporary false moves.

Final Thoughts

Bitcoin is trading around $90.5K, and the near-term outlook remains cautiously bullish. Strong technical patterns, a rising BTC market cap, and fresh US market liquidity all support upward momentum. Short-term traders may focus on the $92K–$95K range, while longer-term investors could aim for $100K if the breakout holds.

Bitcoin was trading at around 90,561, up 3.01% in the last 24 hours at press time. Source: Bitcoin price via Brave New Coin

However, the thesis is conditional: a daily close back below $89K with declining volume would weaken the breakout scenario and increase the risk of a false move. Holding support between $86K–$87K is essential to sustain the bullish structure.