#Bitcoin BTC Price News Today 23-1-2026 - 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 23, 2026, Bitcoin (BTC) is trading at approximately $89,817 (€76,545), showing a modest gain of 0.7% in intraday trading. Earlier in the day, the asset showed significant volatility, dipping as low as $88,632 before recovering to reclaim a brief position above the $90,000 mark.
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Key Market Insights
--Price Resistance: Analysts identify $90,000 as a critical resistance level. While BTC briefly surpassed this mark today, it has largely consolidated just below it. A reclaim of the short-term holder cost basis near $98,000 is viewed as necessary for a sustained bullish breakout toward six figures.
--Macro Pressure: Bitcoin is facing downward pressure attributed to a "sell America" trade shift. Geopolitical uncertainty, including renewed tariff threats and global macro developments, has led some investors to rotate capital into traditional safe havens like gold, which recently hit fresh all-time highs near $4,900.
--Market Sentiment: The "Fear & Greed Index" currently sits at 20 (Extreme Fear), reflecting high volatility and cautious sentiment among retail and institutional traders.
--Technical Outlook: Despite the recent slump from early January peaks of $95,000+, the broader structure remains constructive as long as BTC holds support levels near $88,000. Bitcoin's market dominance has recently increased to over 52%, indicating a rotation of capital from altcoins back into the primary asset.
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