Bitcoin's $100,000 cost-basis seen as pivotal for 2026 trend

Beincrypto reports Bitcoin has climbed about 6.54% in 2026 and briefly topped $95,000 as market sentiment improved, and an analyst said reclaiming a key cost-basis level near $100,000 would be decisive for a bullish reversal. At the time of writing, Bitcoin was trading at $93,230, a 0.69% rise over 24 hours, with the broader crypto market also strengthening.

Analysts pointed to new-year allocations after year-end tax selling, heightened safe-haven demand following a US strike on Venezuela, and strong ETF inflows as drivers; the ETFs pulled in nearly $695 million on January 5, their largest single-day inflow in three months. Analyst Crypto Dan highlighted the cost basis of coins last moved six to 12 months ago—near $100,000—and said historically prices below that level tend to skew bearish because selling pressure from underwater holders remains elevated.

Analyst Ted Pillows added Bitcoin is attempting to reclaim its 2025 yearly open and that a few daily closes above that zone could open the way to $100,000, while a fakeout would risk a drop toward the $90,000–$91,000 support zone. What happens next hinges on when Bitcoin tests the cost-basis level and whether it can hold above it.

Key Topics

Crypto, Bitcoin, Cost Basis, Etf Inflows, Cryptoquant, Venezuela