#Bitcoin BTC Price News Today 19-1-2026 - 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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Bitcoin (BTC) is trading at approximately $92,588 as of January 19, 2026, following a sharp sell-off that saw the cryptocurrency drop below the $93,000 psychological support level. The market experienced a "risk-off" move today, with over $600 million in long positions liquidated as geopolitical tensions and macro economic shifts pressured digital assets.
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Key Market Drivers
--Tariff Risks & Macro Sentiment: New U.S. tariff threats on European goods have triggered a broader global market sell-off, with Bitcoin falling in tandem with U.S. equity futures.
--Rate Cut Expectations: Changes in the Federal Reserve chair nomination have undermined expectations for near-term interest rate cuts, further dampening risk appetite.
--Safe-Haven Rotation: While Bitcoin declined, traditional safe-haven assets surged; gold approached the $4,700 level and silver reached new record highs.
--Institutional Activity: Despite the daily dip, Michael Saylor's MicroStrategy reported holdings nearing 687,000 BTC this month, with potential further accumulation disclosures expected next week.
Technical Outlook
--Support Levels: Analysts identify the next major support zone around $90,000. If this level fails to hold, a deeper retracement toward $84,000 is possible.
--Resistance: Immediate resistance remains at the $96,000 to $98,000 range, where short-term holders' cost basis is concentrated.
--Sentiment: The Crypto Fear & Greed Index currently sits at 50 (Neutral), reflecting a cautious transition from recent bullish momentum toward consolidation.
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