#Bitcoin BTC Price News Today 16-1-2026 - Elliott Wave and technical analysis of #BTC, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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Bitcoin (BTC) is trading at approximately $95,386.62 as of January 16, 2026, marking a slight pullback of 1.3% over the past 24 hours. The market is currently experiencing a period of consolidation after reaching a weekly high of over $96,900 earlier this week.
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Key Market Drivers
-Price Action: Bitcoin hit a weekly peak of $96,929.33 on January 14, 2026, but has since retraced toward the $95,000 support level. Analysts identify the $94,000–$95,000 range as a "make-or-break" zone for short-term momentum.
-Regulatory Landscape: Market sentiment is being influenced by uncertainty surrounding the CLARITY Act, a U.S. legislative framework for digital assets that is expected to develop further through 2026.
-Institutional Moves:
---Belgium's KBC Group announced plans to launch Bitcoin and Ethereum trading services.
---DDC Enterprise made its first treasury move of 2026 by purchasing 200 BTC.
---U.S. mortgage lender Newrez now recognizes Bitcoin assets for mortgage qualification without requiring liquidation.
-Mining Sector: JPMorgan reported a "constructive backdrop" for Bitcoin miners in early 2026, citing falling hashrates and improved profitability. Notably, Riot Platforms surged 11% following a major AI infrastructure deal with AMD.
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