Bitcoin (BTC) hovered around $93,000 on Jan. 5 after a sharp move higher, with a technical analysis note framing the zone as a key resistance test near $93,000 to $93,500.
CoinMarketCap data showed BTC at $93,040.76, up 2.01% in 24 hours, after trading between $90,877.05 and $93,204.68. The token’s 24-hour volume was $34.04B, while market cap stood near $1.85T.
The same note flagged short-term conditions as overbought, implying the rally may need a cooldown. A dip toward $90,000 was cited as a potential support retest; a sustained break and hold above $93,500 would put $101,000 in focus.
Source: CoinMarketCap.
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