The Bitcoin price had more of a mixed performance than an outright negative showing in 2025. The market leader made a play for a new all-time high above $100,000 as early as January, but struggled to keep its six-figure valuation as the year wound down.
The Bitcoin price has started the new year in a similar fashion to 2025, making its way above the $90,000 mark. However, the market uncertainty is at a record high, with no one knowing what to expect from the digital asset market in 2026.
BTC Price Consolidating In Symmetrical Triangle — What Next?
In a January 3 post on the social media platform X, market analyst Ali Martinez painted a bullish picture for the Bitcoin price. The crypto pundit postulated that the world’s largest cryptocurrency could be gearing up for an upward 15% price move in the coming weeks.
The rationale behind this optimistic prediction is the appearance of a symmetrical triangle pattern on the 4-hour timeframe of the Bitcoin price chart. The symmetrical triangle is a technical analysis pattern characterized by a diagonal falling upper trendline (connecting the swing highs) and a diagonally rising lower trendline (along the swing lows).
In this symmetrical triangle chart formation, the asset price (BTC, in this case) typically contracts and moves toward the apex. The Bitcoin price eventually breaches either the upper trendline for a breakout or crosses the lower boundary, forming a breakdown. Hence, the symmetrical triangle pattern could provide a continuation or reversal signal depending on the direction of the break.
It is worth mentioning that symmetrical triangles tend to be continuation break patterns, meaning the price tends to break in the initial trend direction before entering into the triangle pattern. If this theory holds in the current scenario, the Bitcoin price is likely to continue its upward movement after breaking the upper trendline here.
The critical resistance in the upper trendline lies around the $91,000 region, and the flagship cryptocurrency needs a sustained close of at least two candlesticks above this level to confirm a bullish breakout. The price target is determined by adding the length of the widest point of the triangle (or base) to the breakout point.
Based on this calculation, Martinez put forward a target above $102,000 for the Bitcoin price, representing a 15% surge from the current price point.
Bitcoin Price At A Glance
As of this writing, the price of BTC stands around $91,560, reflecting an over 1% increase in the past 24 hours.
