by Vincent Muthee
Bitcoin (BTC) surged back above $93,000 on Wednesday after clearing the $92,000 resistance following previous failed attempts. This move coincides with the release of the US inflation data and recent regulatory developments in the U.S.
The rally has now brought attention back to the psychological $100K mark as traders target an extension of recent gains. But will BTC reclaim $100K in the short run?
Bitcoin Surges Above $93K as Buyers Step In
According to the daily chart on TradingView, Bitcoin recovered the $93,000 level after turning $92,000, a level that had previously limited upside attempts, into support. This rally was fueled by buyers absorbing selling pressure swiftly, indicating high levels of demand.
Additionally, higher lows are forming on the daily chart, a confirmation that the price action is still positive. Rather than being a brief spike, the rally represents Bitcoin’s third consecutive daily gain. BTC’s volume has also stayed steady, indicating that the move was motivated by conviction rather than a speculative churn.
BTC is currently trading above its 50-day Exponential Moving Average. This frequently denotes a shift from trend consolidation to continuation, suggesting Bitcoin could edge higher in the short run.
Inflation Data and Policy Expectations Lift BTC’s Sentiment
Macro data from the U.S provided the main tailwind for BTC. December’s Consumer Price Index showed that core inflation eased to 2.6% year over year, down from 2.7% in November. The monthly reading also slowed, coming in at 0.2%.
Headline inflation remained unchanged at 2.7% year over year and 0.3% month over month. Markets viewed the report as constructive, especially given concerns that tariffs could reignite price pressures. That outcome has yet to materialize.
Other indicators support the idea that inflation may continue cooling. The cost of gasoline, for instance, has decreased drastically and is currently close to multi-year lows. Mortgage rates have also been trending downwards in recent weeks, indicating improvement in housing data.
However, these trends have impacted the expectations regarding Federal Reserve policy despite the projected single rate cut this year after three cuts in 2025. Traders now see more flexibility, even though the Fed had previously indicated only one cut this year.
Is $100K Next for Bitcoin?
For BTC to push past $100,000, the existing support needs to remain intact. If the price dips below the support, the current setup will weaken, potentially triggering more selling. However, buyers seem ready to defend that line.
Looking upward, the $100,000 mark is significant for both technical and psychological reasons. It also coincides with a key resistance zone, around $94,555. A breakout above this level would likely attract momentum traders and capital that has been waiting on the sidelines.
$94,555 is the bullish trigger for Bitcoin $BTC.
Break it, and $105,921 comes next! pic.twitter.com/IW2ExPSpsw
— Ali Charts (@alicharts) January 13, 2026
Regulatory changes could also impact Bitcoin’s trajectory. Investors are closely watching developments regarding the CLARITY Act, which seeks to clarify the oversight roles of the SEC and CFTC. This week, the bill progressed, with its text released ahead of the markup vote.
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