#Bitcoin BTC Price News Today 26-1-2026 - 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 26, 2026, Bitcoin (BTC) is trading at approximately $87,819, experiencing a 24-hour decline of roughly 2%. The market is currently testing a critical liquidity zone after slipping below the $88,000 handle earlier this morning.
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Key Market Insights
-Price Correction: After reaching a monthly peak near $97,000 on January 14, Bitcoin has retraced approximately 10.9%, erasing most of its early-month gains.
-Geopolitical and Macro Pressures: The downturn is largely attributed to a "risk-off" sentiment fueled by potential U.S. government shutdown risks and caution ahead of the Federal Reserve's first policy meeting of the year on Wednesday.
-Institutional Outflows: Spot Bitcoin ETFs in the U.S. recorded five consecutive days of outflows totaling $1.7 billion last week, significantly dampening the bullish momentum seen at the start of the year.
Support & Resistance Levels:
--Immediate Support: Analysts identify $86,500 as a crucial level to hold; a breach could lead to a deeper retracement toward $84,246.
--Major Resistance: The $88,500 and $89,000 levels now act as immediate overhead hurdles for a recovery.
--Sentiment: The Fear & Greed Index has plummeted to 20, indicating "Extreme Fear" among market participants.
Recent News & Analyst Perspectives
-Schwab Market Entry: Despite short-term bearishness, some analysts suggest the current dip is a "shakeout" before a major shift as platforms like Schwab prepare to bring further liquidity into the space.
-Miner Pressure: Miners are facing a revenue crunch due to a 70% collapse in network fee income, forcing some to liquidate reserves to maintain operational margins.
-Gold vs. Bitcoin: In a widening macro-crypto split, gold has surged above $5,000, highlighting Bitcoin's current struggle to maintain its status as a "safe haven" asset during geopolitical turmoil.
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