Bitcoin Hits 2026 High At $97K: What’s Next?

Bitcoin continued its early-year recovery, hitting a new 2026 high above $96,000, which confirmed a higher high structure and raised expectations for a rally past $100,000. On-chain metrics support this momentum; the Coinbase Premium Index selling pressure has slowed, and inflows to Coinbase Advanced are spiking, suggesting accumulation. Derivatives data further reinforces the bullish outlook, showing a sharp expansion in Binance net taker volume coinciding with rising open interest, historically signaling trend continuation. Furthermore, Bitcoin's hourly funding rate hit its lowest level since October 2025, indicating crowded short exposure that likely led to forced liquidations. Technically, resistance is thin between $95,000 and $103,300, making a move toward the next major supply zone of $103,300 to $107,500 possible. On the downside, the $90,000 to $92,500 region is identified as a potential area for the next higher low to establish a sustained push above $100,000.

(Source：Cointelegraph)