Bitcoin is testing key resistance levels as the new year kicks off, with BTC/USD reaching $97,000 during the US market open. After a rapid start, Bitcoin is eyeing a reclaim of the 50-day simple moving average (SMA) at $96,740. Traders are cautious, noting a low-volume pump and overbought conditions on the stochastic RSI. Analysts suggest a potential price dip could be a buying opportunity, with some predicting a short-term floor near $80,000. While optimism remains, traders are advised to watch resistance levels closely as Bitcoin seeks to continue its bull run.