Bitcoin price prediction: BTC gains 6% in 5 days as 2026 rally strengthens
Bitcoin price is showing early-year strength, trading around $92,600 during the European session on January 5, 2026.
Highlights
- BTC starts 2026 strong, gaining over 6% in five days of rally
- Bitcoin climbs above 50-day EMA as spot inflows drive five-day green streak
- Price must clear $94,600 resistance to confirm breakout and extend bullish momentum
This follows a 2% surge in the Asian session, where the price jumped from $91,500 to $93,500. That rally pushed Bitcoin above a three-week high and was driven by a surge in spot market inflows. Strong capital purchases and increased market buying shifted order flow sharply in favor of bulls.
The surge is not isolated. Bitcoin has now posted five consecutive green daily candles since the start of the year. The BTC price opened 2026 at $87,400, which means current levels reflect a gain of over 6% in just five days. The bullish momentum comes as institutional interest returns to the market. On January 1, Bitcoin ETFs recorded significant inflows as investors re-entered following Q4’s selling pressures tied to tax strategies. That renewed demand helped kickstart the breakout from a three-week consolidation range that held the price below $90,000 for most of December.

Bitcoin price dynamics (Nov 2025 - Jan 2026). Source: TradingView
Technically, today’s rally has placed Bitcoin above the 50-day exponential moving average for the first time since October. That level, which sits around $91,500, had acted as a ceiling throughout the consolidation. The successful breach strengthens the bullish case for further gains. Supporting this view is the daily RSI, which has now crossed into bullish territory above 60. This marks the first time since October that the RSI has printed above that level, confirming a momentum shift.
Bitcoin sentiment shifts from fear to neutral as inflows and price action improve
Market sentiment is also improving. The global crypto fear and greed index on Binance has shifted out of the fear zone into neutral. For most of Q4 2025, sentiment was trapped between fear and extreme fear due to heavy whale selling and long-side liquidations. The change in tone, alongside technical improvements and fresh institutional interest, suggests a potential turning point in broader market direction.
However, Bitcoin must now clear the $94,000 to $94,600 resistance zone. That ceiling halted price advances throughout December. A firm close above it this week would confirm breakout strength and could attract additional buyers as confidence builds further. Holding above the 50-day EMA will be critical to maintaining bullish momentum into the second week of the year.
In recent analysis, we discussed how BTC ended 2025 down 6% after posting a third consecutive monthly red candle. Bitcoin held near $87,500, staying trapped below all short-term moving averages.
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