Bitcoin Wakes Up

Welcome back to the breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Wednesday, January 14. And today, we have kind of the first good Bitcoin price news of 2026. Before we get into that, however, if you're enjoying the breakdown, please go subscribe to it, give it a rating, give it a review, or if you wanna dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly/breakdownpod. Alright, friends. Well, Bitcoin surged to 96,000 in its biggest daily move of the year. Tuesday saw Bitcoin gain 4.5% to reach a new 20 '26 high, providing the market with some much needed confidence. And, of course, whenever markets have a big move, it's always interesting to see the spread of explanations. Sometimes they make a ton of sense and could feasibly drive a new wave of buying. Other times, the explanations are scatter grab bag of semi related headlines. This move certainly seems to fall into the second camp with news sources grasping at disparate explanations. Some said that this was the catch up trade, with gold and stock valuations already stretched. Others pointed to macro risks, including the anticipated Supreme Court tariff ruling, geopolitical schisms, and the threatened prosecution of Jerome Powell. A more direct catalyst was a soft CPI print on Tuesday morning showing that inflation had come in flat at 2.7%. Crypto Twitter made the rally about itself with many pointed to the end of a recent crackdown on low effort posting. Last week, ex head of product Nikita Bir said that the algorithm had changed. Many complained that crypto posts had disappeared from their feed replaced by political rage bait. Facing the backlash over the weekend, Bier wrote, crypto Twitter users end up wasting all of their influence on hundreds of GM replies. After receiving thousands of GM replies over the past few days, Bier backed down on Tuesday writing, GM, it's fixed. Bored Ape's cofounder, Gargo, tweeted, they gave us back GM and everything is up 15%. GM, ultimately, this feels like one of those days where Bitcoin is going up because Bitcoin is going up. Dan CryptoTrades noted, the top from the past few days has made it so there's some decent liquidity built up on both sides. Now typically, these periods of consolidation prime the market for a big move in either direction. While Tuesday's move stalled out and fell back below 95,000, it didn't revert all the way. Wednesday began with a fairly solid level, so the rally could have legs. Many analysts are looking for a continuation. Charles Edwards of Caprio Capital wrote, strong Bitcoin move. Bitcoin just had its first promising technical move in a while. Closed the day above 93.5 k. Opens up good odds of trend to a 108 k from here. Also need to see …