#Bitcoin BTC Price News Today 17-1-2026 - Elliott Wave and technical analysis of #BTC, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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As of January 17, 2026, Bitcoin (BTC) is trading at approximately $95,221, reflecting a minor daily decrease of 0.53%. The cryptocurrency has been consolidating near the $95,000 level throughout the day, maintaining a stable bullish structure following a recent surge past $93,000 earlier this week.
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Key Market Drivers
--Price Consolidation: BTC is currently compressing between a horizontal support zone of $94,000–$95,000 and descending trendlines. Intraday volatility saw prices range between $94,293 and $95,809.
--Bullish Catalysts: Positive U.S. inflation data (December CPI at 2.7%) and massive institutional interest, including nearly $760 million in single-day spot ETF inflows, are supporting the current price levels.
--Technical Outlook: Analysts suggest that holding above the $94,630 support could lead to a run toward $100,000 in the coming week. A confirmed breakout above $98,000 may trigger moves toward $103,000.
--Macro Environment: Market sentiment remains neutral to bullish as investors weigh upcoming U.S. data and potential Federal Reserve policy shifts.
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