#Bitcoin BTC Price News Today 21-1-2026 - 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 $89,409 as of January 21, 2026, marking a -1.80% decline over the last 24 hours. The price recently fell below the key $90,000 psychological support level, hitting its lowest point since early January amid a broader global "risk-off" sentiment.
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Key Market Insights Today
--Mass Liquidations: The sudden drop to the $89,000 range triggered over $1 billion in forced liquidations of leveraged long positions.
--Global Macro Pressure: Cryptocurrency prices are mirroring declines in traditional markets, with the Nasdaq and S&P 500 also sliding. Geopolitical uncertainty, including tensions involving the U.S. administration's interest in Greenland and renewed tariff threats, has pushed investors toward safe havens like gold and silver, which reached new record highs today.
--Institutional Outflows: Spot Bitcoin ETFs have recorded net outflows as investors reduce short-term risk.
--Technical Outlook: Analysts note that BTC has retreated for six consecutive days, dropping roughly 9% from its 2026 peak. While current momentum is bearish, some experts suggest the long-term trend remains positive, supported by potential 2026 interest rate cuts and maturing regulatory frameworks like the proposed Clarity Act.
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