#Bitcoin BTC Price News Today 2-1-2026 - 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 early afternoon January 2, 2026, the Bitcoin (BTC) price is approximately $88,960 USD and €76,284 EUR, up around 1.5% over the past 24 hours with light trading volumes as markets ease into the new year. This comes as the crypto market attempts a recovery after a late 2025 decline from its October high of over $125,000.
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Recent News and Market Activity
-Market Position: Bitcoin has gained about 2% this Friday morning but has trailed the performance of some altcoins like Ethereum (ETH) and Solana (SOL). It represents roughly 61% of the total cryptocurrency market cap.
-Analyst Outlook: Some analysts predict a positive year for Bitcoin, with potential targets ranging from $150,000 to $250,000 in 2026, citing rising institutional adoption and the potential for a major tech company to add BTC to its balance sheet.
-Critical Levels: The key support range to hold for a short-term recovery is between $85,000 and $88,000.
-Recent News: In news today, the DeFi pioneer coughs up $50K after making a bad bet on Ether. Also, some predictions for the end of 2026 range from $55,000 to over $120,000, highlighting significant market uncertainty.
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