The Breakdown Bitcoin’s Cautious Green Start to 2026
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Jan 7, 2026 Bitcoin is seeing a strong start to the year with its longest winning streak in months. Traders are divided on whether this is a genuine rally or a potential bull trap. Geopolitical uncertainty and shifts in options markets are influencing demand. Coinbase aims to evolve into an all-in-one financial app amid competition with Robinhood. Recent political dynamics complicate crypto legislation in Washington, while China's regulatory stance raises alarms over token legality. The rise in physical security threats also highlights the need for improved self-custody measures.
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Cautious Bullish Momentum In Bitcoin
- Bitcoin started 2026 with five green days and a three-week high around $94,000, signaling renewed optimism among traders.
- Analysts call the move conditional bullishness, with debate over whether it's a real breakout or a bull trap.
Trade Rallies With Risk Controls
- Treat rallies above key resistance like $94,500 as potential entry points but monitor for traps above $100,000.
- Manage risk because some traders expect a squeeze to trap late bulls before a deeper flush.
Multiple Forces Behind The Rally
- Multiple drivers likely power the rebound including geopolitical uncertainty, options market shifts, ETF inflows, and portfolio resets.
- Market support came from external inflows even as internal market fatigue left conviction conditional.