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Bitcoin Shocks Markets with Explosive Rally Past $90,900

Bitcoin Shocks Markets with Explosive Rally Past $90,900

Author:
CoinTurk
Published:
2026-01-02 13:20:48
6
3

Digital gold just rewrote the rulebook. In a move that left analysts scrambling and skeptics speechless, Bitcoin has blasted through a major psychological barrier.

The Numbers Don't Lie

Forget gradual climbs—this was a vertical ascent. The surge above $90,900 wasn't just another milestone; it was a statement. It defied gloomy macroeconomic forecasts and sidestepped the usual wall of worry that surrounds crypto winters.

What's Fueling the Fire?

Look beyond the charts. This rally cuts through traditional finance narratives. It bypasses the cautious whispers of institutional players and taps directly into a growing, global conviction in a decentralized monetary future. The network's fundamentals—hash rate, adoption, scarcity—are screaming louder than any bearish commentator.

A Reality Check for the Old Guard

Let's be cynical for a second: this probably ruins some hedge fund manager's carefully crafted PowerPoint predicting a slow, orderly decline back to $30K. The market, as always, has a wicked sense of humor for those who think they can tame it.

The takeaway is simple. Bitcoin isn't asking for permission. It's demonstrating resilience on its own terms, proving once again that its value proposition operates on a different clock—and a different logic—than the legacy system it aims to upgrade.

Dogecoin (DOGE)

In the past year, Dogecoin lost the backing of Elon Musk. Additionally, governmental efficiency departments didn’t provide significant advantages to the largest meme coin. Despite short-term spikes, DOGE underperformed in 2025. However, following prolonged selling pressures, DOGE is experiencing a resurgence with double-digit gains.

Typically, when altcoins begin to rally, it’s common to see risky, significant assets like DOGE leading the charge. Today resembles those earlier days. If Bitcoin can achieve a daily close above $90,500, particularly using this as support, dogecoin could secure bigger gains over the weekend.

After stabilizing at $0.1168, Doge ended an 80-day decline. Even with short-term spikes, DOGE had been forming lower peaks. Now, poised to surpass $0.14, DOGE could establish support at $0.1584 over the weekend. Following that, its next target will be the $0.182 resistance. This rise is satisfying short-term, but an extended rally could recover the $0.212 and subsequently $0.2545 thresholds.

Cardano (ADA) and Shiba Coin

Many altcoins initiated their recovery after reaching their all-time lows during an 80-90 day downtrend. This period corresponds to a four-year cycle, where continuous selling by analysts projecting over 90% losses led prices further down until sellers exhausted.

Interestingly, if these rallies accelerate, those who have been selling for 80 days may transition into buyers, effectively igniting a prolonged rise. ADA Coin is currently above the $0.3757 support, with a push to $0.456 being possible. The overall market sentiment will, of course, play a determining role.

While all altcoins have been descending for 80 days, SHIB has been in a downtrend for 390 days. It has lost its previous momentum, and attempts to tap into hype like DeFi, Metaverse, or NFTs haven’t worked for the Shiba Coin team. Despite fading, SHIB’s extended decline suggests a breaking point.

After bottoming out at $0.00000686, SHIB marked its second consecutive daily rise. Targeting the resistance at $0.00000875, succeeding in this could help SHIB erase another zero, aiming at $0.00001161. A weekend goal of $0.00000976 seems reasonable, again, contingent upon the overall market sentiment.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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