On January 14, 2026, Bitcoin experienced a long-anticipated key breakout rally, with a clear shift in market structure.

The main highlight of this rally is that the price successfully broke through the long-term resistance zone of $94,000-$95,000, even spiking to $97,013, with a daily increase of over 4.8%. More importantly, this was not just a simple surge but a confirmed upward breakout of the daily ascending triangle pattern, accompanied by significant trading volume. According to common technical analysis logic, such a breakout typically points to a target zone of $98,000-$100,000.

What drove this breakout? Several factors stacked together: the US CPI data released was below expectations, significantly boosting market risk sentiment, which directly triggered active buying. At the same time, the price broke through the previous multi-month resistance of $84,000-$93,500, a technical breakout that often triggers a chain reaction. The strong buying pressure further triggered large-scale short positions to be liquidated, with over $500 million in total liquidation across the network within 24 hours. This liquidation further pushed up the price, creating a positive feedback loop.

The next critical test is whether the previous resistance around $94,400 can be effectively converted into new support. If this support holds, the confidence to continue upward increases. The classic bullish continuation pattern of the ascending triangle generally indicates that after digesting the previous selling pressure, the market is determined to continue higher.