In this video: Trump will be speaking at Davos, and the world will be watching to see what the story will be with regard to tensions between the EU and the US.
We will also discuss the earnings of NFLX and break down the bitcoin price action to understand why bitcoin is struggling to show support. Video by Traders Reality.
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Bitcoin is currently trading at $89,104, reflecting a 2.2% decrease over the past 24 hours. While the price briefly touched $89,500 earlier today following headlines from the World Economic Forum in Davos, it has largely remained below the key $90,000 psychological level.
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Key Price Action Insights
--Institutional Demand vs. Macro Risks: Despite the current pullback, institutional adoption remains robust, with U.S. spot Bitcoin ETFs seeing significant activity. However, fresh geopolitical jitters and concerns over tariffs have triggered a "risk-off" sentiment, leading some capital to rotate into traditional safe havens like gold.
--Support and Resistance: Analysts identify the $90,000–$92,000 zone as critical near-term resistance that needs to be reclaimed to signal a rebound. Downside support is currently eyeing the $84,000–$85,000 range.
--Whale Activity: Data suggests that while retail sentiment has dipped into the "fear zone," large holders (wallets with 10–10k BTC) have accumulated over 36,000 BTC in the last nine days, indicating long-term confidence despite short-term volatility.
--2026 Outlook: Forecasts for 2026 remain wide-ranging, with some analysts predicting a surge to $250,000 based on continued adoption, while more conservative estimates suggest a consolidation range between $75,000 and $150,000.
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