Bitcoin has successfully regained its footing above the $90,000 threshold following a brief decline toward $89,000 yesterday.

The leading cryptocurrency rallied from approximately $89,200 to roughly $92,000 over six hours, supported by substantial spot trading activity exceeding $39 billion, according to Coingecko’s market data.

The upward momentum follows strong employment data published by the Bureau of Labor Statistics earlier today.

Bloomberg: US jobs growth slowed further in December: payrolls rose just 50k, one of the weakest hiring months in years, while unemployment edged down to 4.4%. Fewer layoffs but cautious hiring points to a cooling not collapsing labor market as the Fed debates its next move. — Menthor Q (@MenthorQpro) Strong Jobs Data Sparks Rally: Fed Rate Hold at 97% Odds

The revealed that nonfarm payrolls grew by 50,000 positions last month, though previous months saw downward adjustments. The unemployment rate declined to 4.4%, recovering after an extended government shutdown period.Source:

The moderate softening of the U.S. employment led the Federal Reserve to implement three consecutive rate reductions in late 2025.

Despite marking one of the weakest hiring periods since 2009, companies have generally avoided widespread workforce reductions.

However, additional employment indicators point to stabilization.

BREAKING: President Trump posted unreleased jobs data 12 hours before it was released by the US Labor Department.Yesterday, at 8:20 PM ET, President Trump posted a picture showing private-sector job growth of 654,000.This data was then “officially” released at 8:30 AM ET… — The Kobeissi Letter (@KobeissiLetter)

Corporate layoff announcements decreased last month while hiring intentions increased, and the services sector recorded its strongest employment expansion since February.

Market analysts note that “limited layoffs combined with measured hiring indicate a moderating rather than deteriorating labor market as the Fed considers its next policy move.”

Federal Reserve policymakers, scheduled to convene later this month, remain divided on the extent of additional rate cuts for the year.

Market participants continue to expect officials to maintain current rates at the January meeting.

Meanwhile, stand at 97% that the Fed will hold rates steady at the January 28 FOMC meeting.Source: PolymarketAnalysts Eye $105K Target as Bitcoin Breaks 3-Month Downtrend

Crypto analyst Bitbull that Bitcoin’s recent recovery has allowed it to escape a three-month downward trend, now maintaining a position above the breakout threshold.

The weekly RSI indicator suggests further gains ahead, with the analyst projecting “BTC could reach $103K-$105K within 3-4 weeks.”

Crypto investor RektCapital a similar optimistic outlook, noting that Bitcoin is testing the $93,500 level again, which represents both the weekly range resistance and aligns with a multi-week downtrend established in mid-October 2025.

According to RektCapital, “this marks only the third significant test of this downtrend.”

He anticipates that a weekly close above $93,500, followed by a successful retest similar to previous patterns, would validate both a weekly range breakout and a breach of the weekly downtrend.Source:

Such a development would position Bitcoin to challenge the converging bull market exponential moving averages above—the 50-week EMA at $96,000 and the 21-week EMA at $101,000.

RektCapital emphasizes that “historical patterns suggest a strong probability of breaking through these EMAs.”

While a weekly range breakout and downtrend breach would indicate positive momentum, the analyst stresses that reclaiming the bull market EMAs as support levels represents the key milestone for firmly reestablishing bullish momentum.

For Bitcoin to advance toward six-figure territory, achieving a range breakout and breaching the weekly downtrend are prerequisites for approaching those EMA levels.

reveals that large holders are rapidly closing their Bitcoin long positions.

🚨Bitfinex whales are now closing their long positions at a very high speed.Last time this happened, Bitcoin pumped 50% from $74k to $112k and hit a new all-time high in just 43 days. — Ash Crypto (@AshCrypto)

The last occurrence of this pattern preceded a 50% surge from $74,000 to $112,000, establishing a new all-time high within 43 days.Bitcoin Demand Surges as Investors Reposition for 2026

Overall sentiment throughout the cryptocurrency market has improved.

Petr Kozyakov, co-founder and CEO of Mercuryo, told Cryptonews that investors are repositioning themselves in crypto assets for the year ahead.

“Cryptocurrency markets are experiencing gains as investors incorporate digital gold into their portfolios,” Kozyakov stated, showing renewed momentum in Bitcoin.

He noted that despite weakening sentiment in late 2024, the fundamental outlook remains solid, supported by continued infrastructure development and increasing liquidity in sectors like stablecoins.