#Bitcoin BTC Price News Today 16-1-2026 - Elliott Wave and technical analysis of #BTC, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
As of January 16, 2026, Bitcoin (BTC) is trading at approximately $95,430.70, reflecting a minor pullback of 1.06% over the last 24 hours. Despite this slight decline, the asset remains in a consolidation phase above the critical $95,000 support level after hitting a two-month high earlier in the week.
Buy Bitcoin >>
Key Market Drivers
--Consolidation & Resistance: Bitcoin is currently facing resistance in the $97,000–$98,000 range. Analysts suggest that holding above $94,000–$95,000 is crucial to maintain bullish momentum; a break below could trigger a deeper correction toward $92,000.
--Institutional Activity: DDC Enterprise reinforced its long-term strategy by purchasing 200 BTC for its treasury today. Additionally, Two Prime was selected to manage a $250 million Bitcoin portfolio for Digital Wealth Partners, signaling sustained institutional interest.
--Exchange Outflows: Notable exchange outflows were recorded, with $179 million leaving exchanges on January 16, following $75 million on the previous day. This suggests large holders are moving assets into private custody, potentially reducing immediate sell-side pressure.
--Regulatory Landscape: The U.S. Senate Banking Committee postponed a scheduled markup on crypto legislation, contributing to a "mixed" market sentiment as traders await further clarity on U.S. digital asset frameworks.
--14-Year Milestone: The community is celebrating the 14th anniversary of Bitcoin's first mention in a popular TV series (The Good Wife), a milestone when BTC was trading at just $3.
Buy Bitcoin >>
