Bitcoin Tests $102,000 as On‑Chain Cost Aligns With Double‑Bottom; $110,000 Eyed

According to on‑chain analyst Darkfost, Bitcoin’s short‑term holder realized price sits near $102,000, with spot trading below that mark. On January 16, 2026, trader Merlijn The Trader highlighted a potential double bottom and said a clean break above $102,000 implies a move toward $110,000, while holding around $95,500 maintains structure and a drop under $87,500 invalidates.