#Bitcoin BTC Price News Today 6-1-2026 - 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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As of January 6, 2026, the price of Bitcoin (BTC) is trading around $93,400-$93,500 USD, showing slight gains over the last 24 hours. The price briefly rose above $94,000 and even touched nearly $94,800 earlier in the day amid strong institutional interest and significant ETF inflows, the largest in three months.
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Recent News and Market Activity
-Institutional Inflows: U.S. spot Bitcoin ETFs recorded substantial inflows of $697.2 million on Monday, the largest since October. This indicates a renewed institutional bid for the asset class, with total inflows for the first two trading days of 2026 reaching approximately $1.2 billion.
-Morgan Stanley Entry: Major financial institution Morgan Stanley has filed for regulatory approval to launch Bitcoin and Solana ETFs, signaling increased mainstream finance involvement.
-Price Movement & Analysis: The price action reflects a potential for continued upward growth, with analysts eyeing a breakout above key resistance levels. However, some technical indicators suggest the market is in an overbought condition, which could lead to a near-term cool-down or profit-taking.
-Macroeconomic Factors: The current price rally is also influenced by broader market optimism as markets digest news regarding the U.S. ISM Manufacturing PMI and Federal Reserve rate cut probabilities.
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