The price of Bitcoin climbed to its highest point in two months, finally aligning with the upward momentum seen in risk assets and precious metals after weeks of trading within a narrow band.
On Tuesday, Bitcoin reached a peak of $96,250, continuing its rebound from Sunday’s low of $90,109 and marking three straight days of gains.
At the time of reporting, Bitcoin had increased by 3.36% over the past 24 hours to $94,961, having touched an intraday high of $95,759 earlier on Wednesday.
Charles Edwards, a prominent Bitcoin analyst and founder of Capriole Fund, characterized this recent price movement as notably strong.
The surge to $96,250 on Tuesday represented Bitcoin’s highest intraday level since November 16. The cryptocurrency displayed significant bullish momentum as it rose sharply from a low point near $90,925 up to that peak.
A Powerful Rally: Is $108K Within Reach?
Edwards described this rally as an important technical breakthrough for Bitcoin—the first encouraging move in some time. He emphasized that closing daily above the key threshold of $93,500 increases the likelihood that prices could climb toward $108,000.
Strong Bitcoin move! Bitcoin just has its first promising technical move in a while. Closed the daily above $93.5K. Opens up good odds of trend to $108K from here. Also need to see this weekly close above $93.5K to confirm the downside fakeout (bullish). Now would be a great time… pic.twitter.com/l6XIkjaZue
— Charles Edwards (@caprioleio) January 14, 2026
This positive development is encouraging for bulls but Edwards noted that confirmation on the weekly chart is also necessary. Specifically, he pointed out that maintaining closes above $93,500 on both daily and weekly charts will validate what he calls a “downside fakeout,” signaling further bullish potential for Bitcoin’s price action.
“Now would be an excellent moment to reverse course,” Edwards remarked optimistically about prospects for sustained upward momentum once these conditions are met.
Bitcoin experienced more than a 6% decline throughout 2025 after finishing last year relatively flat—moving sideways without reacting strongly even when stocks and precious metals rallied significantly during certain periods. However analysts are now spotting early signs hinting at an imminent breakout which traders anticipate will allow BTC to outperform competing asset classes soon enough.
Investor interest remains robust: On Tuesday alone nearly $754 million flowed into twelve U.S.-listed bitcoin exchange-traded funds—the largest inflow since October 7—indicating continued confidence behind recent gains may persist further still.
If bitcoin manages sustained trading beyond $95,000, it could pave way toward reaching psychological milestones such as $100,000,, along with testing resistance near its current 200-day moving average around $106,&comma058.