#Bitcoin BTC Price News Today 2-1-2026 - 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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Bitcoin (BTC) is trading around $88,500 - $89,000 on January 2, 2026, consolidating within a narrow range with mixed short-term technical indicators.
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Recent News and Market Activity
-Price Consolidation: Bitcoin price has been sideways between $85,500 and $90,000 for nearly three weeks, signaling market indecision.>
-Technical Levels: The cryptocurrency is currently above a key support level around $87,500. A sustained break above the immediate resistance of $90,000 to $92,000 could trigger a bullish momentum, while a drop below support risks further decline toward $85,000.>
-Market Sentiment: On-chain data indicates accumulation by large holders ("whales"), which generally improves sentiment and reduces selling pressure. However, the market lacks strong momentum, and confidence remains moderate until a decisive breakout occurs.>
-Regulatory News: Turkmenistan has officially legalized cryptocurrency mining and exchanges, establishing a licensing scheme in a major shift for the isolated nation's economy.>
-Analyst Predictions: While some analysts predict Bitcoin could hit $150,000 or more in 2026, others, such as Cantor Fitzgerald, warn of a potential "crypto winter" with prices possibly testing the $75,000 range based on historical four-year cycles.
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