#Bitcoin BTC Price News Today 27-1-2026 - 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 $88,437.54 as of January 27, 2026. The cryptocurrency is currently in a stabilization phase after falling to a year-to-date low of roughly $86,400 over the weekend. While the price has recovered slightly today, rising about 0.70% in the last 24 hours, it remains under pressure due to capital rotation into precious metals and concerns over a potential U.S. government shutdown.
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Key Market Insights
-Support and Resistance: Analysts identify a critical support level at $86,000, which was successfully defended during the recent sell-off. Stiff resistance is expected between $89,500 and $91,000.
-Macro Environment: Bitcoin is being squeezed as gold and silver reach record highs, with gold surpassing $5,100. However, a weakening U.S. dollar, which recently hit a four-month low, is helping to stabilize flows back into digital assets.
-Institutional Activity: Despite recent volatility, some analysts remain bullish for 2026, with long-term predictions suggesting targets as high as $250,000 by year-end, driven by the "Law of Supply and Demand" and increased institutional adoption.
-Recovered Funds: South Korean authorities today reported the discovery of a long-lost wallet containing 320.88 BTC (valued at roughly $29.8 million), which has remained untouched since August 2025.
-Short Liquidations: A notable high-frequency trader reportedly closed a large Bitcoin short position today at a $26,000 loss, indicating shifting sentiment among professional sellers.
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