Bitcoin is finally showing follow-through. Price has pushed above the $95,000 zone and is holding there at press time, up roughly 3.8% on the day and around 6.5% over the past 30 days. That strength is shifting the tone.
As momentum builds and key resistance levels approach, Tom Lee’s January call for a fresh all-time high is starting to look less speculative and more technically grounded. But risks remain!
Cup-and-Handle Breakout Aligns With Favorable On-Chain SupplyBitcoin has confirmed a breakout from a cup-and-handle pattern, clearing resistance near $94,800 with strong volume. That volume matters because it signals real demand defending the breakout, not just thin liquidity pushing the price higher. The measured move from this structure points toward $106,600, making it the first major upside target.
Yet, BTC must first reclaim the psychological $100,000 level ($100,200 level per the chart) to make any higher predictions worth noting.
Crossing that level could put the Tom Lee Prediction for January-end back on track.
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Tom Lee predicts $BTC will hit a new ATH before the end of January 2026.
What do you think? pic.twitter.com/cwXU3RtSfN
On-chain supply data strengthens the setup. The heaviest realized price clusters now sit below the current Bitcoin price, meaning most holders bought lower and are sitting on profits. This reduces immediate selling pressure.
This combination of a confirmed bullish pattern and supportive on-chain supply suggests the move higher is not just a possibility. It reflects the underlying positioning.
Whales Accumulate as Retail Joins, but Leverage Risk RemainsHolder behavior continues to favor the upside. Wallets holding between 10,000 and 100,000 BTC have steadily added since January 2, increasing their combined holdings from roughly 2.18 million BTC to about 2.20 million BTC. That quiet accumulation signals conviction from large players.
What has changed recently is retail behavior. The early January BTC rally possibly failed because retail sold aggressively into strength.