Bitcoin Builds Higher Lows Near $94K Resistance as Traders Eye a $100K Push

Key Insights:

• Bitcoin tests $94K resistance, forming higher lows and signaling a potential breakout above $100K.
• Declining Bitcoin mining difficulty could boost miner activity, supporting price growth and market confidence.
• Bitcoin ETF cash inflows rise, marking a positive shift as institutional interest increases in 2026.

Bitcoin has been showing positive signs recently as it forms higher lows near the $94,000 resistance level. The ongoing price compression suggests that Bitcoin may be preparing for a significant move. Bitcoin was trading at  $93,509 with a 24-hour trading volume of $41.811M and up 1.96% in the last 24 hours.

Bitcoin’s Ascending Triangle Setup

Bitcoin’s price has been creating higher lows, signaling bullish momentum. The cryptocurrency is currently testing strong resistance around $93K to $94K. According to recent analysis, “higher lows forming” indicates that buying pressure is building up, which could result in a breakout. As Bitcoin approaches this resistance level, traders are expecting a sharp upward movement that could take it beyond the $100K mark.

An ascending triangle pattern is forming, which is commonly seen as a bullish setup. If the price breaks through the $94K resistance, it could see a surge in buying activity. Bitcoin has had multiple tests of this resistance area, and it has yet to break above it.

Declining Mining Difficulty Could Boost Bitcoin’s Momentum

Bitcoin’s mining difficulty has decreased for the first time in 2026, providing relief for miners. This drop in difficulty could make mining more profitable and encourage further network participation. According to Coin Bureau, “Bitcoin mining difficulty has declined for the first time in 2026, easing pressure on miners.” This change could have a positive effect on Bitcoin’s price by increasing overall market confidence.

The reduction in mining difficulty comes at a time when Bitcoin price is hovering near key resistance levels. It might provide additional support for Bitcoin’s growth as more miners may be incentivized to increase their mining activity. With this change, the market could see more stability in the short term, which could contribute to Bitcoin’s potential breakout.

Bitcoin ETF Cash Flows Increase

Meanwhile, Bitcoin ETF products are also showing signs of recovery. On January 12, 2026, a net increase of $116.7 million in cash flows was recorded, signaling a positive shift. GFI Research noted that, after three consecutive sessions of negative cash flows, this return of inflows is seen as a promising development.

With traditional financial institutions like Bank of America and Morgan Stanley launching more crypto-focused ETF products this year, analysts expect significant inflows in 2026. The return of cash flows into Bitcoin ETFs is seen as a sign that institutional investors are becoming more interested in the cryptocurrency market. This could further fuel Bitcoin’s rise toward new price milestones.