Bitcoin Price Analysis: BTC Holds Above $90,000, Could We See Volatility Ahead?

Bitcoin maintained its position over $90,000 over the weekend after failing to crack the $94,000-$95,000 resistance. Price action has been relatively calm over the weekend, registering a marginal decline on Saturday and a marginal increase on Sunday. 

The Crypto Fear & Greed Index is currently in neutral territory at 40, while spot Bitcoin ETFs turned negative after starting the year in positive territory. Analysts state that investor sentiment remains cautious due to regulatory uncertainties and rising geopolitical tensions. 

Seventeen Years Since Hal Finney’s “Running Bitcoin” Post

The Bitcoin community is celebrating the 17th anniversary of cypherpunk and Bitcoin pioneer Hal Finney’s January 10, 2009, post announcing he had started running the Bitcoin protocol. Finney’s simple X post, pinned on his profile, states, “Running Bitcoin” and marks the first instance of an individual running the Bitcoin protocol. Finney was the recipient of the first bitcoin transaction when Satoshi Nakamoto sent him 10 BTC, valued at around $900,500 BTC at current market prices. 

Finney passed away in 2014, with many in the Bitcoin community considering him to be the pseudonymous creator of Bitcoin, Satoshi Nakamoto. 

Spot Bitcoin ETFs Register $681M In Outflows 

Spot Bitcoin ETFs recorded $681 million in outflows during the first full trading week of 2026. According to data from SoSoValue, spot Bitcoin ETFs have recorded four consecutive days of net outflows starting Tuesday. Investors pulled $243 million on Tuesday and $486 million on Wednesday, the highest daily outflow in nearly 3 months. The outflows continued on Thursday, as the ETFs shed $398 million, with an additional $250 million flowing out on Friday. 

The reversal comes after the ETFs started 2026 in positive territory, recording $471 million on January 2 and another $697 million inflow on January 5. 

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) dipped below $90,000 on Friday, falling to a low of $89,583. However, it reclaimed $90,000 and settled at $90,515, ultimately dropping 0.56%. The price registered a marginal decline on Saturday before rising 0.26% to $90,619 on Sunday. 

On-chain data suggests Bitcoin whales are aggressively reducing long positions, a phenomenon generally observed before major price gains. According to TradingView, whale long positions have fallen after peaking at 73,000 BTC in late December. Market analysts consider Bitcoin whales as “smart money,” and their actions are monitored by investors and traders for clues about future price trajectory. Historically, Bitcoin whales close longs after a local peak, typically preceding price upside. Crypto commentator Marty Party noted, 

BTC started the previous week in the red despite reaching an intraday high of $90,325, losing momentum, and settling at $87,110, down almost 1%. The price recovered on Tuesday, rising 1.48% to $88,397. However, selling pressure returned on Wednesday as BTC fell 1.02% to $87,497. Bullish sentiment returned on Thursday as the price rose 1.42% to $88,738. Buyers retained control on Friday as BTC rose 1.37% and settled at $89,957. Price action remained positive over the weekend as BTC rose 0.71% on Saturday and 0.99% on Sunday to reclaim $90,000 and settle at $91,494.

Source: TradingView

Bullish sentiment intensified on Monday as BTC rose nearly 3%, crossing $93,000 to $93,870. Selling pressure returned on Tuesday as BTC fell to a low of $91,203. However, it reclaimed $93,000 and settled at $93,772, ultimately registering a marginal decline. Selling pressure intensified on Wednesday as the price fell nearly 3% to $91,279. BTC briefly slipped below $90,000 on Thursday, dropping to a low of $89,200 before reclaiming $90,000 and settling at $91,026. The price witnessed volatility on Friday as buyers and sellers struggled to establish control. BTC ultimately registered a drop of 0.56% to $90,515. BTC registered a marginal drop on Saturday and settled at $90,385. The price is marginally up during the ongoing session, trading around $90,585.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.