Bitcoin has climbed above the $95,000 mark for the first time since mid-November, extending January’s recovery as spot market demand shows renewed strength.
At the time of writing, Bitcoin was trading around $97,200, according to data from TradingView. This marks a decisive break above the upper limit of a multi-week consolidation band that had limited price action since late 2025.
Bitcoin’s breakout puts an end to the long-term consolidation phase
Bitcoin traded sideways between around $88,000 and $94,000 for much of December and early January, following a sharp correction from November highs.
Source: TradingView
The latest increase represents a technical shift, with the price now reaching a higher high on the 12-hour chart.
Trading volume expanded alongside the breakout, suggesting the move was supported by participation rather than limited liquidity.
This reduces the chance of a short-lived price spike and instead signals renewed market involvement at higher levels.
Spot taker data points to renewed pressure on the buy side
According to CryptoQuantBitcoin’s 90-Day Spot Taker Cumulative Volume Delta [CVD] has turned positive again in January, indicating a return to taker buy dominance.
Taker CVD measures whether aggressive market participants are buying or selling at the market price.
Source: CryptoQuant
A persistently positive reading indicates that buyers are willing to pay higher prices to secure their exposure. This is a dynamic typically associated with momentum-driven progress rather than passive accumulation.
It marks a shift from the September-November period, when taker-sell dominance coincided with Bitcoin’s correction phase.
Bitcoin accumulation statistics confirm the follow-up
Further confirmation comes from the Accumulation/Distribution [A/D] indicator, which continued to climb higher during the outbreak.
The statistic recently reached a local high of 5.05 million. The increase indicates that inflows have continued even as the price moved above resistance.
Historically, increasing accumulation alongside a breakout increases the likelihood that price strength will be supported by broader market participation, rather than just short-term positioning.
Key levels now in focus
With the $95,000 recovered, the zone between $94,000 and $95,000 can now act as short-term support.
On the upside, Bitcoin is approaching the psychological level of $100,000. However, price action around that area will likely determine whether momentum can extend further.
Final thoughts
- Bitcoin’s move above $95,000 is supported by a shift in spot taker behavior, with buyers regaining control after weeks of neutral selling-dominated flow.
- While the rally has not yet challenged previous highs, improving accumulation trends suggest the breakout is being underpinned by sustained demand rather than near-term speculation.