Price analysis 1/22: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX, XLM, SUI
Bitcoin is consolidating between $100,000 and $109,588, and charts currently indicate a higher chance of an upside breakout.
Bitcoin (BTC) is facing stiff resistance near the all-time high of $109,588, but a positive sign is that the bulls have not ceded much ground to the bears. A tight consolidation near a vital overhead resistance suggests that the bulls are holding on to their positions as they anticipate the uptrend to continue.
MicroStrategy, the largest corporate holder of Bitcoin, bought 11,000 Bitcoin between Jan. 13 and Jan. 20 at an average price of $101,191. The firm has acquired 14,600 Bitcoin in 2025, with the latest purchase being the largest.
Crypto market data daily view. Source: Coin360
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Author: Rakesh Upadhyay
