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The price of Bitcoin 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 fell 45% to $26.7 billion.
This comes as Bitcoiners celebrate “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,” said Paolo Ardoino, CEO of stablecoin issuer Tether. Meanwhile, Sam Callahan, director of strategy and research at BTC treasury company OranjeBTC, echoes the message.
Happy Bitcoin Genesis Block Day
– Paolo Ardoino 🤖 (@paoloardoino) January 3, 2026
The Bitcoin community often views the message contained in the Genesis block as a symbol of the central idea of Bitcoin: a decentralized form of money that cannot be inflated or degraded due to its fixed supply.
BTC is now up 4% in the past week. Can the trend continue, or will the bears react to the recent surge?
Bitcoin Price Rebound – Recovery Building in Ascending Channel
THE BTC Price is showing signs of a steady recovery after rebounding from the recent 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 after a sharp corrective move from the $110,000 to $115,000 zone, where the flagship crypto faced intense selling pressure after an extended rally.
Bitcoin’s decline accelerated once the price fell below the 50-day and 200-day simple moving averages (SMA), confirming a bearish structural change as the market entered a corrective phase. Failure to sustain above the 200-day SMA around $106,700 marked the start of a deeper pullback.
The sell-off pushed BTC through several Fibonacci retracement levels, with the 0.618 Fibonacci level near $85,500 acting as a critical demand zone. This area attracted buyers and helped form a higher low, allowing the bulls to regain control in the short term.
From this support, Bitcoin began to climb into an ascending channel, reclaiming the 50-day SMA around $89,200, which now serves as support and reinforces the short-term bullish structure.
The Moving Average Convergence Divergence (MACD) has turned bullish with the MACD line moving above the signal line and the 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 rose above the midline of 50 to reach around 58, indicating strengthening bullish momentum without entering overbought conditions.
BTC Price Outlook
Based on BTC/USD daily chart analysis, Bitcoin is positioned for continued recovery as long as the price remains above the 50-day SMA and remains within the ascending channel.
If the bullish momentum persists, BTC price could target key Fibonacci resistance levels, with the next bullish 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 other hand, if momentum weakens and the RSI approaches overbought territory, short-term profit-taking could push BTC back towards the $88,000-$89,000 support zone.
A break below this zone could expose Bitcoin price to a further pullback towards the $85,500 (.618 Fib) region, which remains a key cushion against further selling pressure.
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