Our Bitcoin weekly analysis for Week 3 January 2026 focuses on the reaction around the strong 93,738 USD support resistance pivot. Price pushed into this level, but the weekly candle closed just below it and the new week immediately opened with rejection. This technical analysis now looks at how intraday structure on the 4H chart can confirm whether BTC is ready to challenge this resistance again.
Bitcoin weekly chart Week 3 January 2026 with key resistance at $93,738 and rejection from that level, plus support levels down to $80,600.
Technical Analysis Key Points
- The weekly candle closed just below the strong resistance/support level @ $93.738,20
- Price showed, with the opening of the new candle a direct rejection. If we retest the institutional candle, we have to zoom in if we see any bullish reversal patterns on the 4H timeframe, in order to attack the resistance level again.
Market Structure Analysis
From a higher-timeframe perspective, Bitcoin is trading in a corrective zone after the sharp drop toward the $80,600 weekly low. The 93,738 area marks a major support resistance flip where several past weekly candles reacted, making it a clear decision point for market participants.
The latest Bitcoin weekly analysis shows buyers failing to secure a close above this level. The immediate rejection on the new candle confirms that supply is still present around 93–94k. Until we see a clean 4H bullish reversal pattern off the “institutional candle” area—such as a higher low, bullish engulfing, or strong demand wick—this zone remains a cap rather than a springboard for continuation.
Key Levels and Scenarios
Bullish scenario: if price retests the institutional candle and prints a clear 4H bullish reversal, we expect another attempt to break 93,738 USD, opening the way toward higher resistance around 100,000–100,963 USD in line with our Bitcoin weekly analysis.
Key levels to watch
$93,738 – weekly resistance/support: main pivot; a weekly close above would confirm strength.
$91,529–90,395 – local support band: potential 4H reversal zone on any dip.
$86,830 – intermediate support: loss of this level would weaken the bullish case.
$80,600 – major weekly low: structural support and downside invalidation for the medium-term uptrend.
Trading Implications
Given the clear rejection at resistance, we prefer waiting for 4H bullish confirmation near support before entering, keeping stops below 86,830–80,600 USD and sizing positions conservatively relative to weekly volatility.
This analysis is not financial advice; always do your own research and manage your risk before trading.