Key Insights:
Bitcoin price forecast to rise to $96,000, top analyst says. Derivatives data shows open interest on Bitcoin futures rose 13%. Analysts said the jump indicated improving risk appetite as confidence returns.
A leading crypto analyst revealed in a Bitcoin price forecast that the crypto recently plunged into a well-watched rising trendline and grabbed liquidity, but buyers quickly stepped in.
The price of BTC USD briefly pushed lower, then broke back above the intraday low, keeping the market’s pattern of higher lows alive.
As long as the trendline holds, the move looks more like a normal pullback from the inflection point than actual weakness. As a result, a pullback could push the largest cryptocurrency back to the $94.5K-$96K resistance zone.
However, the tone of the market can easily turn bearish if the digital asset loses support.
At the same time, activity in the derivatives market picked up again after heavy lifting in the fourth quarter of 2025. Open interest on Bitcoin futures contracts began to rise in January.
Futures OI is up nearly 13% since the start of the year, a move experts say indicates a slow return of risk appetite.
Expert Reveals Bitcoin Price Prediction of $96,000
Bitcoin price is starting to form like a bounce setup, and the chart gives traders a clear line in the sand.
According to crypto analyst Crypto Busy, Bitcoin USD price was hovering around $92,600 as a rapid drop wiped out nearby liquidity and marked a bullish trendline that buyers defended several times.
That area carries weight as a crucial inflection point for Bitcoin price action because it overlaps with a previous demand zone where bids appeared in size.
What is striking is the rapid pace at which the market has broken back. Sellers pushed the price lower, but the move didn’t last, and BTC USD reclaimed the intraday low soon after.
When that kind of rejection occurs, it usually indicates that buyers are still willing to step in and absorb pressure
So far, the structure is still constructive at press time. The market continues to push higher lows on the local timeframe.
On the 1-day chart on TradingView, Bitcoin USD price action looks calmer and more controlled. This looks more like base building than a full reversal, but at least the market is no longer in free fall.
The indicators look better, but they don’t scream breakout. RSI is around 52, which is basically neutral. This means momentum is not weak, but it is not strong either. MACD is also starting to pick up again, suggesting that buyers are slowly coming back.
However, this setup quickly falls apart as BTC USD gives up $91,000. However, the Bitcoin price forecast will turn bearish if it loses the $90,000 support level ahead.
At that point, the market likely opens the door back to $88,000 and possibly the mid-$80,000s.
Bitcoin (BTC) Futures Open Interest recovers 13%
According to derivatives data aggregator CoinGlass, Bitcoin futures open interest has climbed nearly 13% since the start of the year. This suggests that more traders are stepping back into the derivatives market.
Analysts said the jump indicated improving risk appetite as confidence returns. This setback comes after a brutal recovery late last year.
From October to December, the market declined heavily, with traders reducing exposure as Bitcoin fell during a broader correction. Now, with leverage rebuilding, futures activity is starting to look lively again.
Open interest on Bitcoin futures contracted sharply over the past three months, falling 17.5% from 381,000 BTC to 314,000 BTC.
The drop followed a sharp pullback in Bitcoin USD price of around 36% from early October. CryptoQuant analyst Darkfost said the move looked like a clear risk-off phase as traders reduced exposure and wound down leveraged bets.
However, that wave of exemptions may ease. Darkfost said a recovery in public interest now appears to be taking shape. CoinGlass data showed BTC USD futures OI rising from an eight-month low near $54 billion on January 1st to above $61 billion by January 19th.
The recovery also had a stronger burst in the middle of the month. Open interest rose to about $66 billion on January 15. This was the highest level in about eight weeks, before easing slightly.
Still, the bigger picture looks positive. Darkfost said open interest is steadily rising, suggesting traders are coming back and taking on more risk.
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