Bitcoin Price Analysis: BTC Hits $95,000 Sell Wall, Uptrend At Risk?
Bitcoin’s (BTC) uptrend stalled over the past 24 hours as it crashed into a large area of seller interest around $95,000. As a result, price action lost momentum after reaching an intraday high of $94,352 and fell to an intraday low of $91,526 before moving to its current level.
The flagship cryptocurrency is trading around $91,640, down almost 2%. The broader crypto market also retreated after posting substantial gains over the past few sessions. Market capitalization is down almost 2% at $3.15 trillion as BTC attempts to retest a crucial resistance level as support. If successful, BTC could surge to new highs during the next uptrend.
A Mixed Bag
The cryptocurrency market was a mixed bag on Tuesday as Bitcoin (BTC) fell to a low of $91,203, while Ethereum (ETH) held above $3,200 despite selling pressure. BTC is down nearly 2% over the past 24 hours, while ETH is only marginally down at $3,212. However, Avinash Shekhar, co-founder and CEO of Pi42, believes Bitcoin’s ability to stay above $90,000 despite the pullback suggests the market is absorbing supply to keep prices stable. Shekhar believes the pause in BTC’s rally suggests consolidation rather than a downtrend.
While momentum has cooled during Asia hours and some traders are booking profits, fresh capital returning to the crypto market is preventing deeper retracements. What is notable is that long-term holders are not distributing aggressively, which keeps the broader structure intact.
Spot Bitcoin ETFs Start Year In Positive Territory
US spot Bitcoin ETFs have started 2026 in positive territory, registering substantial inflows during the first two trading days of the new year. Bloomberg ETF analyst Eric Balchunas highlighted that the first two trading days of 2026 registered over $1.2 billion in inflows. Balchunas stated that if the current pace is maintained, it would mean $150 billion in annual inflows, 600% more than the total inflows registered in 2025.
The spot bitcoin ETFs are coming into 2026 like a lion, +$1.2 in flows in the first two days of the year, with everyone eating. That’s a $150b/yr pace. Told ya’ll if they can take in $22b when it’s raining, imagine when the sun is shining.
Bitcoin ETFs recorded a staggering $697 million in net inflows on Monday, the largest daily inflow in three months. The ETFs recorded $21.4 billion in net inflows in 2025, with BlackRock’s iShares Bitcoin Trust (IBIT) accounting for the largest share. Inflows in 2024 were substantially more at $35.2 billion.
Fabian Dori, CIO at Sygnum, believes rising ETF demand is crucial for market structure and that ETF demand is absorbing circulating supply, highlighting a potential long-term demand shock. However, demand cooled on Tuesday as Bitcoin ETFs recorded $243 million in net outflows.
A Morgan Stanley ETF?
Asset manager Morgan Stanley has filed with the Securities and Exchange Commission (SEC) to launch Bitcoin and Solana ETFs. The move will see the financial titan compete with other asset managers, such as BlackRock and Fidelity. According to the filing, the Morgan Stanley Bitcoin Trust, a passive investment vehicle, will track Bitcoin’s spot price without using leverage or derivatives. Balchunas spoke favorably about Morgan Stanley’s entry into the Bitcoin ETF space, stating,
I like this move by them. It’s smart. They have like $8T in advisory assets, and they already OK’d those advisors to allocate, so might as well be in their own branded fund vs paying BlackRock or someone else.
Crypto Market Structure Bill Could Be Delayed Until 2027
Investment bank TD Cowen believes the crypto market structure bill could be delayed until 2027 due to the 2026 midterm elections. According to the bank’s research group, some Senate Democrats could withhold support for the bill, currently under consideration in the Senate. The Bank’s Washington Research Group stated that the market structure bill, called the CLARITY Act when passed by the US House of Representatives before being called the Responsible Financial Innovation Act in the Senate, was likely to get Congress’s nod only in 2027, with final implementation in 2029.
The investment bank believes Senate Democrats could withhold support for the bill as the 2026 Midterm elections approach. The elections could change the balance of power in Congress, currently controlled by the Republicans. Lawmakers could stall the bill until after the Midterms, which could potentially see a Democratic majority. The report stated,
Election outcomes are always uncertain, which is why Democrats may cut a deal.
A bipartisan draft of the bill was released by the Senate Agriculture Committee in November, with lawmakers including a “conflict of interest safeguard” to prevent government officials, US President Donald Trump, and members of his family from holding crypto or being directly involved with the industry. House and Senate Democrats have repeatedly raised concerns about President Trump’s ties to the crypto and blockchain industry. TD Cowen’s report stated,
Time favors enactment, as the problems disappear if the bill passes in 2027 and takes effect in 2029. Crypto would need to accept that the presidential election could impact the final rules, and Democrats would need to accept that the conflict provision will not apply to Trump.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) must overcome a significant sell wall around $95,000 after sellers overwhelmed buyers, limiting upside. The flagship cryptocurrency reached an intraday high of $94,825 on Monday but lost momentum on Tuesday, falling to a low of $91,203. However, it reclaimed $93,000 and settled at $93,772, ultimately registering a marginal decline. Selling pressure has intensified during the ongoing session, with BTC down nearly 2% at $91,981.
BTC lost momentum after reaching its highest level since November 17, with one popular analyst highlighting “choppy” price action, identifying a passive seller around $94,000.
Choppy price action is starting to show up in market data, especially here. Longs realise the subtle cue around $94K the second time and bail from positioning, only for late shorts to start positioning. Typically, there’s a lot of decay on these days.
Meanwhile, another analyst and commentator flagged a “wall of asks” around $95,000, which was keeping BTC’s upside in check.
Big boy sells wall at 95K on spot orderbooks, today is the day price either smashes through it or rejects from it.
Meanwhile, US stocks continued pushing higher, and gold reached $4,491 per ounce, driven by developments in Venezuela, and Silver reclaimed the $80 mark. QCP Capital stated in its analysis that crypto was falling back in line to follow major asset classes. The firm noted,
Crypto’s recent alignment with broader risk assets may signal a regime shift and the strengthening of bullish narratives to start the year, especially with the year-end tax loss harvesting shenanigans out of the way and a new crypto bill on the horizon. While much of this narrative was likely already priced in, Washington’s Venezuela shock could serve as a near-term catalyst for BTC.
BTC started the previous week in the red despite reaching an intraday high of $90,325, losing momentum, and settling at $87,110, down almost 1%. The price recovered on Tuesday, rising 1.48% to $88,397. However, selling pressure returned on Wednesday as BTC fell 1.02% to $87,497. Bullish sentiment returned on Thursday as the price rose 1.42% to $88,738. Buyers retained control on Friday as BTC rose 1.37% and settled at $89,957.
Source: TradingView
Price action remained positive over the weekend as BTC rose 0.71% on Saturday and 0.99% on Sunday to reclaim $90,000 and settle at $91,494. Bullish sentiment intensified on Monday as BTC rose nearly 3%, crossing $93,000 to $93,870. Selling pressure returned on Tuesday as BTC fell to a low of $91,203. However, it reclaimed $93,000 and settled at $93,772, ultimately registering a marginal decline. The flagship cryptocurrency is down almost 2% during the ongoing session, trading around $91,976.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.