Bitcoin Price Reclaims $92,000, Is This A Dead Cat Bounce?

Key Insights:

• Bitcoin price moved from bearish to bullish, as indicated by the STH-SOPR metric, attempting to climb above 1.0 since Oct.10.
• Analysts predict a BTC price breakout this week after the coin jumped over $92,000.
• Market analysts forecast that BTC would attract meaningful buying in 2026, citing the traditional asset boom, geopolitical tensions, and Fed Chair woes.

Bitcoin (BTC) price reclaimed the $92,000 mark today, January 12, 2025. This recovery quickly sparked discussions within the crypto community. Analysts debate whether this BTC price move is merely a fakeout or a genuine trend reversal.

Analysis of Bitcoin Price Latest Rally

Onchain data analytics platform CryptoQuant has analyzed the recent BTC price rally using the STH-SOPR metric. The Short-Term Holder Spent Output Profit Ratio (STH-SOPR) tracks the average profit or loss realized by short-term holders.

Crypto analyst known as CryptoMe on X interpreted the recent STH-SOPR behavior as a potential early bullish sign. The analyst noted that the STH-SOPR value dipped below the key threshold of 1.0 on October 10. This drop suggested that short-term holders began selling Bitcoin at a loss on average.

CryptoMe explained that during prolonged bearish periods, STH-SOPR tends to stay below 1.0. This reflects ongoing selling pressure and a lack of confidence among short-term players.

However, after months of staying below 1.0, the STH-SOPR made its first attempt last week to escape upward above 1.0. Notably, STH-SOPR stays above 1.0, with the line acting as “support.”

Here, short-term holders sell at profits, but the overall buying momentum keeps the metric elevated. This signals sustained optimism and inflows.

CryptoMe interpreted the breakout as a potential reversal from a bearish to a bullish trend. The analyst thinks this move could attract more buyers and kickstart a Bitcoin price rally.

Is BTC Price Breakout Incoming This Week?

Another market analyst and trader, Mister Crypto, has also shared a bullish prediction for Bitcoin price. Mister Crypto shared a Bitcoin chart that showed the digital asset is consolidating in a tight range. Therefore, the analyst claimed Bitcoin is building pressure for a major directional move upward this week.

“A massive breakout is coming,” says Mister Crypto. Currently, Bitcoin is trading around $90,758, demonstrating a 0.16% increase over the past 24 hours.

After dipping below $86,000 for weeks, BTC price gradually moved to $90,000 last week. In today’s morning trade, BTC climbed higher to around $92,000 before dropping to the current levels.

The daily trading volume also increased by over 142% to $29.2 billion, indicating investors’ interest in accumulating the leading coin.

However, the recent  BTC price volatility follows a correction from the 2025 all-time high of around $126,000 in October. That’s in addition to persistent outflows from the spot BTC exchange-traded fund (ETF). Thus, resumption of inflows into the ETFs could signal confidence and eventually lead to higher prices.

Recently, a senior analyst at asset manager VanEck predicted that the Bitcoin price could reach $2.9 million by 2050. His forecast is based on Bitcoin’s movement beyond its role as a speculative asset and into global finance.

Imminent Bitcoin Bid in 2026

Crypto analyst Miles Deutscher argued that BTC needs to catch a bid this year. The analyst framed 2026 as a make-or-break year for Bitcoin price despite underperforming relative to traditional assets in recent months.

Deutscher added that BTC holders might need to question their allocation if the coin does not rally meaningfully against ideal macro backdrops. His comment is in response to a recent post from Will Clemente.

Clemente argued that the current macro environment is tailor-made for Bitcoin’s original thesis as “digital gold”. He pointed out that U.S. President Donald Trump has opened a criminal investigation against Federal Reserve Chair Jerome Powell. It challenges central bank independence, fueling inflation fears.

In addition, Gold and Silver are surging in early 2026, driven by central banks accelerating reserve diversification. Clemente added that Sovereigns are hedging against fiat risks, currency instability, and geopolitical uncertainty.

Summarily, traders are watching for BTC to recover fully amid the Fed drama, with some expecting a bid on the news.