Bitcoin Targets $100,000 After Clearing $94,200 Resistance and Approaching $97,200 50-Week EMA

Bitcoin has reinforced its upside bias by breaking above the $94,200 resistance and moving close to the 50-week EMA near $97,200, with price action forming a double-bottom around the $86,300 area. On-chain Value Days Destroyed readings near 0.53 in January 2026 indicate that long-term holders are largely inactive, supporting a thesis that the advance toward and potentially beyond the $100,000 region is being driven by sustained demand rather than heavy distribution. Technical resistance around the $97,600-$98,200 band and higher levels at $103,650 and $111,600 remain key thresholds for confirming a stronger bullish continuation.