BTC Technical Analysis January 7: Consolidation Holds Above Key Support – Ready for $100K Push?

TL;DR:

The Bitcoin price is consolidating rather than falling back to key support. If this price action continues for the current down leg, a big push up to $100,000 could be the next move.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development could influence BTC price action and market sentiment in the near term.