Bitcoin Eyes $100K Rally as Price Tests Critical $106,751 Level

⬤ Bitcoin has hit a technically significant point, currently trading below its 200-day simple moving average while sitting around the $90,000 range. The SMA200 line, now positioned near $106,751, last came into play back in 2022 when BTC touched it before heading lower. Market watchers say a rally pushing Bitcoin past the $100,000 mark in early 2026 is looking more and more probable.

⬤ The chart tells an interesting story. Bitcoin’s dancing around $90,000 right now, with that white SMA200 line hovering above. There’s a circled spot marking where BTC last bumped into this moving average in 2022 before continuing its slide. What followed was a massive recovery that sent prices soaring, though recent action has pulled BTC back below this long-term indicator.

⬤ The 200-day moving average isn’t just any line on a chart—it’s one of the most watched indicators for tracking Bitcoin’s long-term direction. With this benchmark now sitting above six figures, the idea of Bitcoin climbing past $100,000 early next year lines up with what the technical signals are suggesting. Nobody’s calling it a sure thing, but it shows BTC is still trading in a much higher range than we’ve seen in previous cycles.

⬤ Why does this matter? Bitcoin sets the tone for the entire crypto market, and how it interacts with the 200-day moving average often shapes broader sentiment. If BTC manages a sustained push toward or above the SMA200, it could fuel expectations of continued strength. On the flip side, hanging out below this level might keep traders cautious. Either way, Bitcoin’s behavior around this $106,751 technical marker heading into Q1 2026 is something the entire digital asset space will be watching closely.