Bitcoin price
surged 4.6% on Tuesday, the strongest single-day gain in nearly 1.5 months, reaching
$96,500 and testing levels last seen in late November. Ethereum rallied to
$3,300, XRP gained over 5%, and Dogecoin soared 8% as crypto markets showed
coordinated strength.
On
Wednesday, January 14, 2026, prices are correcting modestly with Bitcoin at
$95,120 (-0.28%), Ethereum at $3,296 (-0.81%), XRP at $2.13 (-1.77%), and
Dogecoin at $0.1467 (-0.99%).
In this article, I will answer the question: Why are
cryptocurrencies rising?
I will also analyze the charts of BTC/USDT, XRP/USDT,
ETH/USDT and DOGE/USDT, using my over a decade of experience as an analyst and
individual investor.
The rally
was triggered by cooling U.S. inflation data, with core CPI declining to 2.6%
from 2.7%, combined with $591 million in crypto short liquidations and optimism
around the proposed CLARITY Act crypto regulation bill, while spot Bitcoin ETF
inflows surged nearly 7x to $753.7 million.
“Bitcoin
has surged in the past 24 hours, decisively breaking above the 95k mark and
signaling a strong technical breakout after days of consolidation,” notes
Joel Kruger, crypto strategist at LMAX. “The spike in trading volume on
this breakout underscores that fresh buying interest is driving the
rally.”
However,
according to my technical analysis, despite the impressive Tuesday rally,
nothing fundamentally changes. All four major cryptocurrencies remain trapped
in the same consolidation patterns that have persisted since mid-November,
trading below critical moving averages with bearish structure intact and lower
targets ahead.
Bitcoin Price: $95K
Breakout Tests Resistance Zone
Although
Bitcoin’s (BTC)
gains are strong, from the perspective of my technical analysis and my chart,
nothing really changes. We still remain in the same consolidation phase that
we’ve been in since mid-November.
As I show
on my chart, the upper boundary is defined by the resistance zone between
$94,000 and $96,000. Bitcoin entered this zone on Tuesday, reaching $96,500,
but did not officially break it. Wednesday’s pullback to $95,120 confirms the
resistance held. The sideways movement has not been invalidated.
The lower
boundary of this consolidation is the lows from the end of last year between
the $82,000-$85,000 zone. So what’s next? For me, nothing changes. Price
remains below the 200-day moving average at $106,120, which means the trend is
bearish, and my medium-term target
is still $74,000, the level of last year’s April lows.
Recently in
one of my analyses, I also wrote about the possibility
of going a bit lower to $68,000, which results from a lower timeframe
weekly chart.
Why Bitcoin price is going up? Source: Tradingview.com=
Key Bitcoin Technical Levels
- Current
price: $95,120 (down 0.28% Wednesday) - Tuesday
peak: $96,500 (tested resistance) - Consolidation upper boundary: $94,000-$96,000 (tested
but not broken) - Consolidation lower boundary: $82,000-$85,000 (late
2025 lows) - 200 MA: $106,120 (price remains
below – bearish trend intact) - 50 MA: $89,735 (recently
reclaimed but insufficient for trend change) - Medium-term target: $74,000 (April 2025 lows)
- Extended target: $68,000 (weekly chart
analysis)
Ethereum Price Tests
Critical 200 EMA at $3,296
On the
Ethereum (ETH)
chart, the situation looks very similar. Tuesday brought very strong gains, one
of the strongest since early December, and prices tested levels we haven’t
observed in a month. Today the price is correcting 0.81% and stands at $3,296.
As you can
see on my chart, Ethereum is stopping at the height of the 200-day exponential
moving average (200 EMA) at $3,637, which is the boundary point that separates
uptrend from downtrend. While ETH hasn’t quite reached this level, it’s
approaching the critical resistance zone.
The last
two contacts with this average, below which we’ve been moving since November, caused
strong corrections. Two months ago, a drop to $2,600, and a month ago, a drop
to $2,780. Will it be similar this time? Nobody has a crystal ball.
However, as
I show on my chart, we are also limited by a consolidation drawn since
November. According to the rules of trading in consolidation, after testing the
upper boundary, a swing to the lower boundary follows, which could confirm that
we will again fall to the zone between $2,600 and $2,730.
And just as
long as we are below the 200 EMA at $3,637, the downtrend remains in effect.
Why Ethereum price is going up? Source: Tradingview.com
Key Ethereum Technical Levels
- Current
price: $3,296 (down 0.81% Wednesday) - Tuesday high: $3,362 (approaching 200
EMA resistance) - 200 EMA: $3,637 (major resistance
– trend separator) - 50
MA: $3,049 (recently reclaimed) - Previous 200 EMA rejections: Led to $2,600 (2 months
ago), $2,780 (1 month ago) - Expected swing target: $2,600-$2,730 zone (lower
consolidation boundary) - Trend status: Bearish while below 200
EMA
“Ethereum
has also rallied in tandem, outperforming on the day thanks to renewed
enthusiasm around on-chain activity, staking, and DeFi,” Kruger observes.
He adds that “a break in ETH beyond $3,500 would provide an important
confirmation signal for a renewed push higher.”
XRP Price: Fourth 200 EMA
Rejection Signals Correction
XRP gained over 5% on
Tuesday but is falling 1.77% today, trading at $2.13. On the XRP chart, the
situation looks almost identical to Ethereum . We are also in consolidation,
also moving below the 200-day exponential moving average at $2.57, and
therefore a downtrend is also in effect.
The key
difference, however, is that we are not currently at two-month highs. XRP drew
its peaks a week ago, on January 5 and 6, when it entered the highest levels in
2 months at $2.36 and stopped at the already-mentioned 200 MA, which triggered
a stronger downward correction.
What’s next
for XRP? As shown by my technical analysis, I would now expect a return below
$2.00 and a decline to at least the area of $1.77, the lows from December 19.
Why XRP price is going up? Source: Tradingview.com
Key XRP Technical Levels
- Current
price: $2.13 (down 1.77% Wednesday) - Tuesday
high: $2.19 (modest rally) - January 5-6 peak: $2.36 (2-month highs, 200
MA rejection) - 200 MA: $2.57 (XRP below since
November – fourth rejection) - 50 MA: $2.03 (price above but
insufficient for trend reversal) - Target 1: Below $2.00
(psychological support break expected) - Target 2: $1.77 (December 19 lows –
main downside target)
Unlike
Bitcoin and Ethereum which are testing consolidation upper boundaries this
week, XRP already rejected its 200 MA resistance a week ago and is now in the
corrective phase targeting lower consolidation boundaries. This makes XRP’s
technical picture more immediately bearish than the other major
cryptocurrencies.
Dogecoin Price Rallies 8%,
Tests 15-Cent Wall
Dogecoin (DOGE) price
appreciated the strongest of all discussed cryptocurrencies on Tuesday, gaining
8% and testing levels above 15 cents. Currently it’s correcting 0.99% and
trading at $0.1467.
As I show
on my chart, the round level of 15 cents is again stopping further
appreciation, and prices are struggling with the upper boundary of
consolidation, which, similarly to the previous three charts, has been drawn
for 2 months.
What now?
Most likely, a renewed correction in the medium term if nothing unexpected
happens fundamentally. In such a case, according to my analysis, a drop to the
area of 12 cents, the lows from the beginning of this year and the lowest
levels since October 2024, appears probable.
Of course,
when we don’t count the October 2025 flash crash when the price temporarily
collapsed to below 10 cents.
Why Dogecoin price is going up? Source: Tradingview.com
Key Dogecoin Technical Levels
- Current
price: $0.1467 (down 0.99% Wednesday) - Tuesday peak: $0.1497 (tested 15-cent
resistance) - Resistance: $0.15 (round
psychological level, consolidation upper boundary) - 200 MA: $0.1930 (price well below
– bearish trend) - 50
MA: $0.1379 (recently reclaimed) - Expected target: $0.12 (early January 2026
lows) - October 2024 reference: Lowest since then
(excluding October 2025 flash crash below $0.10)
Consolidation
trading rules suggest that after testing upper boundaries, prices swing back to
lower boundaries. This points to potential targets of $82,000-$85,000 for
Bitcoin, $2,600-$2,730 for Ethereum, $1.77 for XRP, and $0.12 for Dogecoin in
the coming weeks.
The
fundamental disconnect between improving macro conditions (Fed easing,
resilient equities, steadying yields) and deteriorating technical structure
(all major cryptos below 200-day averages) creates an uncertain environment
where rallies fail at resistance and consolidation continues.
FAQ: Why Crypto Is Going
Up
Why is crypto going up
today?
Bitcoin
rallied 4.6% Tuesday to $96,500, Ethereum to $3,362, XRP +5%, Dogecoin +8% on
improved risk appetite. LMAX strategist Kruger cites “fresh long
positioning” with rising open interest and improved funding rates. Macro
tailwinds include easing inflation narrative and central banks nearing end of
tightening cycles. However, Wednesday sees correction with BTC at $95,120, ETH
$3,296, XRP $2.13, DOGE $0.1467.
What is Bitcoin price
today?
Bitcoin
price is $95,120 on Wednesday, January 14, 2026, down 0.28% after Tuesday’s
4.6% rally to $96,500. According to my technical analysis, BTC tested
consolidation upper boundary ($94K-$96K) but remains below 200 MA at $106,120,
keeping bearish trend intact with $74,000-$68,000 targets ahead.
What is Ethereum price
today?
Ethereum
price is $3,296 on Wednesday, January 14, 2026, down 0.81% after Tuesday’s
strong rally. As you can see on my chart, ETH is approaching 200 EMA at $3,637,
critical resistance that has triggered corrections to $2,600-$2,780 in past two
months. Consolidation swing to $2,600-$2,730 lower boundary expected.
For
real-time Bitcoin, Ethereum, XRP, and Dogecoin technical analysis as prices
test consolidation boundaries, follow me on X (Twitter) @ChmielDk. I provide moving average analysis,
consolidation trading strategies, and support/resistance levels to help
navigate volatile crypto markets.
Bitcoin price
surged 4.6% on Tuesday, the strongest single-day gain in nearly 1.5 months, reaching
$96,500 and testing levels last seen in late November. Ethereum rallied to
$3,300, XRP gained over 5%, and Dogecoin soared 8% as crypto markets showed
coordinated strength.
On
Wednesday, January 14, 2026, prices are correcting modestly with Bitcoin at
$95,120 (-0.28%), Ethereum at $3,296 (-0.81%), XRP at $2.13 (-1.77%), and
Dogecoin at $0.1467 (-0.99%).
In this article, I will answer the question: Why are
cryptocurrencies rising?
I will also analyze the charts of BTC/USDT, XRP/USDT,
ETH/USDT and DOGE/USDT, using my over a decade of experience as an analyst and
individual investor.
The rally
was triggered by cooling U.S. inflation data, with core CPI declining to 2.6%
from 2.7%, combined with $591 million in crypto short liquidations and optimism
around the proposed CLARITY Act crypto regulation bill, while spot Bitcoin ETF
inflows surged nearly 7x to $753.7 million.
“Bitcoin
has surged in the past 24 hours, decisively breaking above the 95k mark and
signaling a strong technical breakout after days of consolidation,” notes
Joel Kruger, crypto strategist at LMAX. “The spike in trading volume on
this breakout underscores that fresh buying interest is driving the
rally.”
However,
according to my technical analysis, despite the impressive Tuesday rally,
nothing fundamentally changes. All four major cryptocurrencies remain trapped
in the same consolidation patterns that have persisted since mid-November,
trading below critical moving averages with bearish structure intact and lower
targets ahead.
Bitcoin Price: $95K
Breakout Tests Resistance Zone
Although
Bitcoin’s (BTC)
gains are strong, from the perspective of my technical analysis and my chart,
nothing really changes. We still remain in the same consolidation phase that
we’ve been in since mid-November.
As I show
on my chart, the upper boundary is defined by the resistance zone between
$94,000 and $96,000. Bitcoin entered this zone on Tuesday, reaching $96,500,
but did not officially break it. Wednesday’s pullback to $95,120 confirms the
resistance held. The sideways movement has not been invalidated.
The lower
boundary of this consolidation is the lows from the end of last year between
the $82,000-$85,000 zone. So what’s next? For me, nothing changes. Price
remains below the 200-day moving average at $106,120, which means the trend is
bearish, and my medium-term target
is still $74,000, the level of last year’s April lows.
Recently in
one of my analyses, I also wrote about the possibility
of going a bit lower to $68,000, which results from a lower timeframe
weekly chart.
Why Bitcoin price is going up? Source: Tradingview.com=
Key Bitcoin Technical Levels
- Current
price: $95,120 (down 0.28% Wednesday) - Tuesday
peak: $96,500 (tested resistance) - Consolidation upper boundary: $94,000-$96,000 (tested
but not broken) - Consolidation lower boundary: $82,000-$85,000 (late
2025 lows) - 200 MA: $106,120 (price remains
below – bearish trend intact) - 50 MA: $89,735 (recently
reclaimed but insufficient for trend change) - Medium-term target: $74,000 (April 2025 lows)
- Extended target: $68,000 (weekly chart
analysis)
Ethereum Price Tests
Critical 200 EMA at $3,296
On the
Ethereum (ETH)
chart, the situation looks very similar. Tuesday brought very strong gains, one
of the strongest since early December, and prices tested levels we haven’t
observed in a month. Today the price is correcting 0.81% and stands at $3,296.
As you can
see on my chart, Ethereum is stopping at the height of the 200-day exponential
moving average (200 EMA) at $3,637, which is the boundary point that separates
uptrend from downtrend. While ETH hasn’t quite reached this level, it’s
approaching the critical resistance zone.
The last
two contacts with this average, below which we’ve been moving since November, caused
strong corrections. Two months ago, a drop to $2,600, and a month ago, a drop
to $2,780. Will it be similar this time? Nobody has a crystal ball.
However, as
I show on my chart, we are also limited by a consolidation drawn since
November. According to the rules of trading in consolidation, after testing the
upper boundary, a swing to the lower boundary follows, which could confirm that
we will again fall to the zone between $2,600 and $2,730.
And just as
long as we are below the 200 EMA at $3,637, the downtrend remains in effect.
Why Ethereum price is going up? Source: Tradingview.com
Key Ethereum Technical Levels
- Current
price: $3,296 (down 0.81% Wednesday) - Tuesday high: $3,362 (approaching 200
EMA resistance) - 200 EMA: $3,637 (major resistance
– trend separator) - 50
MA: $3,049 (recently reclaimed) - Previous 200 EMA rejections: Led to $2,600 (2 months
ago), $2,780 (1 month ago) - Expected swing target: $2,600-$2,730 zone (lower
consolidation boundary) - Trend status: Bearish while below 200
EMA
“Ethereum
has also rallied in tandem, outperforming on the day thanks to renewed
enthusiasm around on-chain activity, staking, and DeFi,” Kruger observes.
He adds that “a break in ETH beyond $3,500 would provide an important
confirmation signal for a renewed push higher.”
XRP Price: Fourth 200 EMA
Rejection Signals Correction
XRP gained over 5% on
Tuesday but is falling 1.77% today, trading at $2.13. On the XRP chart, the
situation looks almost identical to Ethereum . We are also in consolidation,
also moving below the 200-day exponential moving average at $2.57, and
therefore a downtrend is also in effect.
The key
difference, however, is that we are not currently at two-month highs. XRP drew
its peaks a week ago, on January 5 and 6, when it entered the highest levels in
2 months at $2.36 and stopped at the already-mentioned 200 MA, which triggered
a stronger downward correction.
What’s next
for XRP? As shown by my technical analysis, I would now expect a return below
$2.00 and a decline to at least the area of $1.77, the lows from December 19.
Why XRP price is going up? Source: Tradingview.com
Key XRP Technical Levels
- Current
price: $2.13 (down 1.77% Wednesday) - Tuesday
high: $2.19 (modest rally) - January 5-6 peak: $2.36 (2-month highs, 200
MA rejection) - 200 MA: $2.57 (XRP below since
November – fourth rejection) - 50 MA: $2.03 (price above but
insufficient for trend reversal) - Target 1: Below $2.00
(psychological support break expected) - Target 2: $1.77 (December 19 lows –
main downside target)
Unlike
Bitcoin and Ethereum which are testing consolidation upper boundaries this
week, XRP already rejected its 200 MA resistance a week ago and is now in the
corrective phase targeting lower consolidation boundaries. This makes XRP’s
technical picture more immediately bearish than the other major
cryptocurrencies.
Dogecoin Price Rallies 8%,
Tests 15-Cent Wall
Dogecoin (DOGE) price
appreciated the strongest of all discussed cryptocurrencies on Tuesday, gaining
8% and testing levels above 15 cents. Currently it’s correcting 0.99% and
trading at $0.1467.
As I show
on my chart, the round level of 15 cents is again stopping further
appreciation, and prices are struggling with the upper boundary of
consolidation, which, similarly to the previous three charts, has been drawn
for 2 months.
What now?
Most likely, a renewed correction in the medium term if nothing unexpected
happens fundamentally. In such a case, according to my analysis, a drop to the
area of 12 cents, the lows from the beginning of this year and the lowest
levels since October 2024, appears probable.
Of course,
when we don’t count the October 2025 flash crash when the price temporarily
collapsed to below 10 cents.
Why Dogecoin price is going up? Source: Tradingview.com
Key Dogecoin Technical Levels
- Current
price: $0.1467 (down 0.99% Wednesday) - Tuesday peak: $0.1497 (tested 15-cent
resistance) - Resistance: $0.15 (round
psychological level, consolidation upper boundary) - 200 MA: $0.1930 (price well below
– bearish trend) - 50
MA: $0.1379 (recently reclaimed) - Expected target: $0.12 (early January 2026
lows) - October 2024 reference: Lowest since then
(excluding October 2025 flash crash below $0.10)
Consolidation
trading rules suggest that after testing upper boundaries, prices swing back to
lower boundaries. This points to potential targets of $82,000-$85,000 for
Bitcoin, $2,600-$2,730 for Ethereum, $1.77 for XRP, and $0.12 for Dogecoin in
the coming weeks.
The
fundamental disconnect between improving macro conditions (Fed easing,
resilient equities, steadying yields) and deteriorating technical structure
(all major cryptos below 200-day averages) creates an uncertain environment
where rallies fail at resistance and consolidation continues.
FAQ: Why Crypto Is Going
Up
Why is crypto going up
today?
Bitcoin
rallied 4.6% Tuesday to $96,500, Ethereum to $3,362, XRP +5%, Dogecoin +8% on
improved risk appetite. LMAX strategist Kruger cites “fresh long
positioning” with rising open interest and improved funding rates. Macro
tailwinds include easing inflation narrative and central banks nearing end of
tightening cycles. However, Wednesday sees correction with BTC at $95,120, ETH
$3,296, XRP $2.13, DOGE $0.1467.
What is Bitcoin price
today?
Bitcoin
price is $95,120 on Wednesday, January 14, 2026, down 0.28% after Tuesday’s
4.6% rally to $96,500. According to my technical analysis, BTC tested
consolidation upper boundary ($94K-$96K) but remains below 200 MA at $106,120,
keeping bearish trend intact with $74,000-$68,000 targets ahead.
What is Ethereum price
today?
Ethereum
price is $3,296 on Wednesday, January 14, 2026, down 0.81% after Tuesday’s
strong rally. As you can see on my chart, ETH is approaching 200 EMA at $3,637,
critical resistance that has triggered corrections to $2,600-$2,780 in past two
months. Consolidation swing to $2,600-$2,730 lower boundary expected.
For
real-time Bitcoin, Ethereum, XRP, and Dogecoin technical analysis as prices
test consolidation boundaries, follow me on X (Twitter) @ChmielDk. I provide moving average analysis,
consolidation trading strategies, and support/resistance levels to help
navigate volatile crypto markets.
