#Bitcoin BTC Price News Today 24-1-2026 - 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 24, 2026, Bitcoin (BTC) is trading at approximately $89,621, reflecting a modest gain of 0.49% over the last 24 hours. Despite this slight daily uptick, the market remains characterized by "Extreme Fear," with a sentiment score of 24 as prices struggle to maintain footing above the psychological $90,000 level.
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Key Market Insights
--Institutional "Towel-Throwing": Market speculation spiked today following reports that GameStop moved its entire Bitcoin treasury of 4,710 BTC (valued at over $420 million) to Coinbase Prime, signaling a potential imminent liquidation.
--ETF Developments: Cyber Hornet has reportedly filed for a new S&P Crypto 10 ETF, while ARK Invest filed for an ETF tracking the CoinDesk Crypto 20 Index, signaling continued institutional interest despite recent price volatility.
--Fading 100K Hopes: Prediction markets on platforms like Polymarket and Kalshi now show a less than 10% chance of Bitcoin reaching $100,000 before February, with most traders expecting the six-figure mark to remain out of reach until mid-2026.
Price Analysis & Forecast
--Bearish Short-term Outlook: Technical indicators on the four-hour and daily charts remain bearish, with the 50-day moving average currently falling.
--Support & Resistance: After reaching a 2026 high of $97,900 on January 14, BTC has faced consistent pressure. Analysts warn that if current support levels fail, a further decline toward $60,000 is possible.
--Recent Performance: Over the last six months, Bitcoin has declined roughly 25% from its peaks, primarily driven by macro uncertainty and rising bond yields.
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