Bitcoin traded close to $91,000 on Jan. 20 as analysts pointed to a number of “purchase” alerts whereas bulls defended the $90,000 stage.
Hash Ribbons sign returns
Capriole Investments stated Bitcoin Hash Ribbons are indicating that present costs symbolize a “long-term shopping for alternative.”
The Hash Ribbons mannequin tracks the 30-day and 60-day shifting averages of the community hashrate and has traditionally flagged miner capitulation phases that later aligned with “worth reductions and long-term shopping for alternatives.”
On-Chain Thoughts stated bitcoin is “seeing one of many largest Hash Ribbons alerts on document.”
The analysis account wrote on X:
“Traditionally, as soon as this section resolves, it’s been one of the compelling long-term purchase alerts.”
Cointelegraph famous the earlier Hash Ribbons purchase sign arrived in July 2025 and preceded a 25% rally from about $98,000 to a previous all-time excessive close to $123,200.
Concern and Greed ‘golden cross’
CryptoQuant information additionally highlighted a sentiment shift, with a 30-day shifting common crossing above the 90-day shifting common for the primary time since Might 2025.
The transfer resembles a “golden cross” on the Concern and Greed Index, which CryptoQuant analyst MorenoDV_ stated has typically appeared after extended concern phases.
$90,000 as the road within the sand
Merchants cited $90,000 as the important thing help zone that should maintain to keep away from a bearish flip.
Crypto Options stated a weekly shut under $90,000 may open the door to $80,000–$85,000, with the April 2025 low at $74,500 and the 200-week shifting common close to $68,000 as further draw back ranges.