Schiff Dismisses Bitcoin Rally as BTC Reclaims $93K

first published 2026-01-04T14:17:50Z

After a Saturday breakout, Bitcoin has paused and is holding key support around $90,400. Staying above that level keeps buyers in control and supports a mildly bullish outlook. Immediate downside support is near $89,400; resistance sits between $92,800–$93,000, and a clear move above that range could open a run toward $97,000–$98,000. The market is described as calm. CoinPedia reiterates its editorial standards and investment disclaimer.

AI Analysis

Article reports concrete short-term technical levels: support at $90,400 (with immediate support $89,400), resistance at $92,800–$93,000, and a potential upside target of $97,000–$98,000; staying above $90,400 is said to keep buyers in control and market is calm after a Saturday breakout—facts that underpin a mildly bullish, moderate-impact trading signal.

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