Bitcoin (BTC) and Altcoins Started 2026 with a Rapid Rise! Expert Analyst: “If This Continues, the Direction is Bullish!”

Bitcoin (BTC) and altcoins started the new week on the rise, driven by renewed risk appetite in the markets following the US operation in Venezuela.

Bitcoin has climbed above $93,000, and altcoins are also experiencing gains.

This surge is energizing the market, and Bitcoin is on track to record its longest upward trend since early October.

Speaking to Coindesk, Markus Thielen, founder of 10x Research, stated that Bitcoin’s recent surge puts it on track for its longest five-day winning streak in three months. This would be the longest sustained rally since early October last year.

The analyst stated that the disappearance of year-end tax cut sales, the decrease in selling pressure, the easing of the supply-demand balance, and the impact of geopolitical tensions on investor sentiment were among the factors behind the rise.

“As the volumes sold due to the tax cut at the end of the year disappeared, market sentiment turned back to buying at the beginning of the year.”

Market sentiment is improving, and both Bitcoin and Ethereum are entering an upward trend.

Thielen also noted that, technically, the short-term trendline is an important variable for BTC. “The initial inflows into ETFs have been encouraging,” Thielen said. “At this point, as long as Bitcoin remains above its 21-day moving average, the short-term trend will continue to be upward.”

In fact, inflows into US spot Bitcoin exchange-traded funds (ETFs) have recently shown signs of recovery. According to data provider SosoValue, on the 3rd, spot Bitcoin ETFs saw net inflows of $471,000,000 in a single day; this was the largest inflow since November of last year.

Ryan Lee, chief analyst at cryptocurrency exchange Bitget, stated that Bitcoin’s recent surge coincided with the US capturing Venezuelan President Nicolas Maduro, and that renewed geopolitical tensions supported the rise.

“Geopolitical factors are also supporting prices. We see the simultaneous rise in multiple asset classes, such as Bitcoin and gold, following the US military operation in Venezuela as a typical example of ‘flight to safe havens’.”

As investors price in high geopolitical risk that could continue or escalate, safe-haven assets like gold and silver are rising rapidly.

*This is not investment advice.

Source