Coinbase Observes Bitcoin’s Resilience Above $90K as On-Chain Data Hints at Sustained Bullish Momentum

As bitcoin demonstrates unexpected strength in early 2026, consistently holding above the $90,000 mark, market participants are questioning whether this represents a genuine new bullish phase or merely a temporary relief rally. On-chain analytics, particularly metrics like the ETF Realized Price, are becoming crucial tools for exchanges like Coinbase and their clients to decipher underlying market structure. The current price action defies earlier bearish predictions, suggesting that institutional frameworks and evolving on-chain support levels may be fostering a more resilient digital asset environment than previously anticipated.

Is Bitcoin Price Witnessing A Relief Rally? What On-Chain Data Says

Bitcoin's price has shown resilience in early 2026, consistently trading above the $90,000 threshold despite recent slowdowns. This bullish momentum contrasts with earlier predictions of an impending bear market, raising questions about whether the rally marks a new phase or merely a temporary reprieve.

Analyst Maartunn points to on-chain data for clarity. The $85,000 ETF Realized Price—representing the average cost basis for BTC ETF investors—acted as critical support, triggering a bounce. The Coinbase Premium Gap, reflecting price disparities between Coinbase and global exchanges, further corroborates this rebound, signaling renewed buying pressure.

Chainlink Price Prediction: Analysts Target $50 Amid Bullish Reversal Signals

Chainlink's native token LINK is gaining attention as traders assess its potential for a sustained bullish reversal. Currently trading around $13.24 with a $9.3 billion market cap, the oracle network's token shows technical indicators suggesting a near-term target of $15.50 if current support levels hold.

Fundamental strengths continue to drive optimism, with chainlink maintaining dominance in the oracle sector and expanding its Cross-Chain Interoperability Protocol (CCIP). Notably, Coinbase has selected Chainlink CCIP as exclusive bridge infrastructure, reinforcing institutional adoption.

While some analysts project a $50 price target in the next market cycle, competitors like Remittix are attracting attention from investors seeking faster returns through payment-focused DeFi solutions that bridge crypto and traditional banking.