#Bitcoin BTC Price News Today 8-1-2026 - 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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Bitcoin (BTC) is trading around $91,000 to $91,332.52 today, January 8, 2026, experiencing a slight cooldown after a strong start to the new year. The price is down approximately 2% in the last 24 hours, influenced by modest spot ETF outflows and general market consolidation within the $91,000–$94,000 range.
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Recent News and Market Activity
-Market Movement: After surging 8% in the first week of January, Bitcoin is currently consolidating, holding strong above the psychological $90,000 support level. The current price action is considered crucial for confirming the next market direction.
-Institutional Activity: While some recent spot Bitcoin ETFs experienced minor outflows, the underlying institutional demand is considered strong, with accumulator addresses increasing their holdings and exchange supply dropping to multi-year lows.
-Market Sentiment: Technical indicators and derivatives positioning suggest a cautiously bullish but volatile market. Analysts note that low liquidity could lead to sharp price movements.
-2026 Outlook: Broader market predictions for the rest of 2026 remain widely dispersed, with some analysts forecasting potential highs near $150,000 to $180,000 driven by regulatory clarity and institutional acceptance, while others warn of potential drawdowns if historical market cycles repeat.
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