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The Bitcoin price edged up 1.5% over the past 24 hours to trade at $91,231 as of 11:36 a.m. EST, on trading volume that dropped 45% to $26.7 billion.
This comes as Bitcoiners celebrated “Genesis Day.” The day the first block was mined on the Bitcoin network by pseudonymous BTC creator Satoshi Nakamoto.
Nakamoto mined the Bitcoin Genesis Block on January 3, 2009.
“Happy Bitcoin Genesis Block day,” Paolo Ardoino, the CEO of stablecoin issuer Tether, said. At the same time, Sam Callahan, the director of strategy and research at BTC treasury company OranjeBTC, echoed the message.
Happy Bitcoin Genesis Block day
— Paolo Ardoino 🤖 (@paoloardoino) January 3, 2026
The Bitcoin community often points to the message in the Genesis Block as a symbol of Bitcoin’s core idea: a decentralized form of money that cannot be inflated or debased because of its fixed supply.
BTC is now up 4% in the last week. Can the trend continue, or will the bears act on the recent surge?
Bitcoin Price Rebounds – Recovery Builds Inside Rising Channel
The BTC price is showing signs of a steady recovery after rebounding from the recent swing low near $80,500 and trading above key Fibonacci support levels in the $85,500–$88,000 region.
This recovery comes as Bitcoin attempts to stabilize following a sharp corrective move from the $110,000–$115,000 area, where the flagship crypto faced intense selling pressure after an extended rally.
Bitcoin’s decline accelerated once the price dropped below both the 50-day and 200-day Simple Moving Averages (SMAs), confirming a bearish shift in structure as the market entered a corrective phase. The failure to hold above the 200-day SMA around $106,700 marked the start of a deeper pullback.
The sell-off drove BTC through multiple Fibonacci retracement levels, with the 0.618 Fib level near $85,500 acting as a critical demand zone. This area attracted buyers and helped form a higher low, allowing bulls to regain short-term control.
From this support, Bitcoin began climbing within a rising channel, reclaiming the 50-day SMA around $89,200, which is now acting as support and reinforcing the short-term bullish structure.
The Moving Average Convergence Divergence (MACD) has flipped bullish, with the MACD line crossing above the signal line and histogram bars turning positive above the neutral level. This signals improving momentum and increasing buyer participation.
Meanwhile, the Relative Strength Index (RSI) supports the recovery narrative, as it has pushed above the 50 midline to around 58, indicating strengthening bullish momentum without entering overbought conditions.
BTC Price Outlook
Based on the BTC/USD daily chart analysis, Bitcoin is positioned for a continued recovery as long as the price holds above the 50-day SMA and remains within the ascending channel.
If bullish momentum persists, the BTC price could target key Fibonacci resistance levels, with the next upside zones around $94,500, followed by $98,700 (-0.272 Fib). A stronger continuation could see BTC test the $104,000–$106,700 region, aligning with the −0.618 Fibonacci level and the 200-day SMA.
On the downside, if momentum weakens and the RSI approaches overbought territory, short-term profit-taking could push BTC back toward the $88,000–$89,000 support zone.
A breakdown below this area may expose the Bitcoin price to a deeper pullback toward the $85,500 (0.618 Fib) region, which remains a key cushion against renewed selling pressure.
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