#Bitcoin BTC Price News Today 3-1-2026 - 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 $89,898.52 as of January 3, 2026, with a slight positive change of about +0.51% for the day. The price has been consolidating around the $88,000-$90,000 range recently, following a rally after the New Year's holiday.
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Recent News and Market Activity
-Price Movement: Bitcoin briefly crossed the $90,000 benchmark, but analysts suggest caution as the price needs to breach the $99,000 short-term holder average cost for a significant bullish confirmation.
-News: Reports indicate Bitcoin's price dipped briefly in response to geopolitical news regarding U.S. operations in Venezuela, but quickly recovered to near $90,000.
-2026 Outlook: Price predictions for the rest of 2026 are widely varied, ranging from potential drops below $50,000 in a bear market scenario to bullish forecasts as high as $250,000, depending on -factors like institutional adoption, regulatory clarity, and global liquidity conditions. Most mainstream analyst targets cluster between $120,000 and $170,000 for the year.
-Institutional Activity: The market is seeing continued institutional interest, with spot Bitcoin ETFs recording significant net inflows, indicating resilient demand. Major firms like JPMorgan and CitiGroup have issued specific 2026 price targets based on their internal models and the pace of institutional adoption.
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