Bitcoin has kicked off early 2026 with significant upward momentum, surpassing the $91,000 mark and captivating traders with its renewed ascent. This surge has reignited discussions around market volatility, as analysts scrutinize current trends and technical indicators for clues about Bitcoin's next major move.
Bitcoin's Resilient Rally and Sunday's Influence
In a notable rebound, Bitcoin climbed above $91,764 on Sunday, extending its early 2026 gains as investor risk appetite improved across major cryptocurrencies. With Bitcoin trading around $91,192 and showing solid weekly growth, market watchers are keenly observing its trajectory. However, a caution from CryptoQuant analyst Maartunn highlights the historical volatility often associated with Sunday nights. While the past two Sundays remained relatively flat, this particular Sunday's close is deemed crucial, as past instances have seen prices reverse sharply after initial gains.
Bollinger Bands Squeeze Signals Impending Action
Further fueling the anticipation of significant price action is the narrowing gap of Bitcoin's Bollinger Bands. After trading in a tight range between $85,000 and $90,000 recently, the squeeze in these volatility bands often precedes a major market shift. Historically, such compressions indicate a period where the market builds energy, leading to massive price swings in either direction. Traders are advised to remain vigilant, as this latest squeeze could trigger rapid movements, potentially pushing Bitcoin towards resistance targets near $107,000 and even $116,000, or testing support levels around $83,000.
