#Bitcoin BTC Price News Today 1-1-2026 - Elliott Wave and technical analysis of Bitcoin (BTC), focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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As of early January 1, 2026, the Bitcoin (BTC) price is fluctuating around $87,000 to $88,700 USD, showing some volatility after a recent struggle to hold above the $90,000 mark. Market sentiment is currently in a state of "Extreme Fear," according to some technical indicators, despite a broadly bullish long-term outlook from many analysts.
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Market Overview & Recent Trends
-Current Range: Bitcoin has been trading in a narrow range between $86,700 and $90,200 as the year ends and a potential breakout is awaited.
-Analyst Predictions: Despite current price pressures, several analysts and financial institutions like JPMorgan and Grayscale have made bullish predictions for 2026, with targets ranging from $150,000 to over $200,000 USD.
-Influencing Factors: Key drivers for potential price appreciation in 2026 include sustained capital inflows from spot Bitcoin ETFs, the ongoing effects of the recent halving event reducing new supply, potential U.S. Federal Reserve rate cuts, and a potential "Bitcoin arms race" among sovereign nations creating strategic reserves.
-Regulatory News: New IRS reporting rules in the US are taking effect today, January 1, 2026, which require exchanges to report detailed cost-basis information for customer transactions, potentially influencing investor behavior.
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