Bitcoin Surpasses $95,000 as Trump Says He Wants Markets to Rise

Bitcoin price broke through psychological resistance at $94,000 to reach $95,000 with an intraday high of around $95,804, just shy of $96,000. BTC rose 3.5% in the past 24 hours to trade at $95,014 as of 1:33 a.m. EST as President Donald Trump said he wants the market to rise.

Speaking at the Detroit Economic Club, Donald Trump told business leaders that “inflation is defeated” as new economic data showed consumer prices rose 2.7% from last year, above the Federal Reserve’s 2% target.

Trump said he wants new Fed Chairman Jerome Powell to lower interest rates while markets are strong.

“That’s the right path. Today, if you announce high numbers, they raise interest rates to try to kill them, so you can never really have the kind of rally you should have,” he said.

He predicted that “we’re going to have a lot of good months, a lot of good quarters” and added that he wants the market to “go up.”

ASSET:

“I want the market to go up. You announce incredible numbers and the market goes down. They raise rates when we get good news. When there is good news, the market should go up.”

It seems clear that Trump cares deeply about rising asset prices. pic.twitter.com/oY8imNM58U

– amit (@amitisinvesting) January 13, 2026

Trump pushes Fed to cut rates as legal, trade uncertainty rises

Trump’s push for lower interest rates comes as the U.S. Department of Justice (DOJ) launched a criminal investigation into the Fed chairman. Powell called the investigation unprecedented and said he believes it was initiated because of Trump’s anger over the Fed’s actions on interest rates.

Separately, after postponing a decision from Friday until Friday, the Supreme Court is expected to make a decision today on the legality of Trump’s tariffs.

Data from Polymarket shows that the chances of the Supreme Court ruling in favor of the tariffs have increased to 29%.

Bitcoin Price Breaks Out – Investors Push for a Sustainable Rally

The price of Bitcoin has broken out of an ascending triangle, a bullish sign of a rally to come. THE BTC Price broke through the $94,000 level and the resistance zone, which is pushed by the previous supply zones at $80,500, $85,300 and $87,200, and is now pushed by the $90,000 zone.

Bitcoin is now steadily trading above the 50-day simple moving average (SMA) on the daily chart, further reinforcing the bullish outlook and breakout strength.

Meanwhile, the Relative Strength Index (RSI) at 65 and rising signals that investors are entering the market, which could result in a price surge.

Bitcoin’s Moving Average Convergence Divergence (MACD) has also turned positive, with the blue MACD line moving above the orange signal line, confirming that sentiment has turned positive.

If the rally accelerates and momentum continues to build, Bitcoin price could climb towards the psychological resistance at $99,600. If this level is breached, the next likely target will be the previous demand zone at $106,061, which lies within the 200-day SMA.

Conversely, if the bears act on BTC at this level, key support around $89,000 would hold.

Related news:

Best Wallet – Diversify your crypto portfolio

• Easy-to-use, feature-driven crypto wallet
• Get Early Access to Upcoming Token ICOs
• Multi-chain, multi-wallet, non-custodial
• Now on App Store, Google Play
• Stake to win a $BEST native token
• More than 250,000 active users per month