Bitcoin Elliott Wave Analysis & Price Update (BTC/USD). In this video, I break down Bitcoin on the daily chart using Elliott Wave Theory. You’ll discover both bullish and bearish scenarios, plus the critical price levels and targets to watch. Video by Koenz Trading.
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Bitcoin (BTC) is trading around $88,850 to $90,000 today, January 2, 2026, generally showing a slight upward trend on the day with low trading volumes characteristic of the post-holiday period. The price is hovering near a key resistance level around $90,000, the breakout of which analysts are watching closely.
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Key Insights
-Price Movement: BTC is attempting a breakthrough above the psychologically important $90,000 level, a move that could signal a stronger bullish trend if sustained.
-Market Sentiment: The market sentiment remains cautiously optimistic, although technical indicators currently point to a "Fear" score on the Fear & Greed Index.
-Institutional Activity: Whales and institutional investors have been accumulating Bitcoin throughout late 2025, which is seen as a foundation for a potential future rally.
-Analyst Predictions: Long-term forecasts for 2026 vary widely, with some analysts predicting a range of $61,813 to $137,503, while others suggest it could reach as high as $170,000 to $250,000 this year based on historical halving cycles and institutional adoption.
-Macroeconomic Factors: The potential for a new Federal Reserve chair to cut interest rates and the push for clearer crypto regulations in the US are cited as potential positive catalysts for the price of Bitcoin.
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