Friday, 30 January 2026

Update 2 #Bitcoin BTC Price News & Insights Today 30-1-2026

#Bitcoin BTC Price News & Insights Today 30-1-2026 - 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 $83,490 as of January 30, 2026, following a severe market correction that saw the price tumble to a fresh 2026 low of $81,000 earlier in the day. The flagship cryptocurrency has lost nearly $10,000 in value over the last 24 hours, marking its worst daily performance of the year so far. Buy Bitcoin >>



Bitcoin Insights Today

-Massive Liquidations: The sharp price drop triggered over $1.68 billion in total crypto liquidations, with long positions accounting for approximately 93% of these forced closures.

-ETF Outflows: Institutional sentiment has cooled significantly, with spot Bitcoin ETFs recording roughly $818 million in daily outflows as investors reduce exposure amid rising volatility.

-Macro Uncertainty: The sell-off is largely attributed to political uncertainty following President Donald Trump's nomination of Kevin Warsh to replace Jerome Powell as Federal Reserve Chair. Traders are currently repricing risk assets as they weigh Warsh's historical hawkish record against his recent alignment with lower-rate policies.

-Critical Support Levels: Bitcoin is currently testing the psychological $80,000 support floor. Analysts warn that a confirmed daily close below this level could open the door for a further slide toward the $75,000 range, a level not seen since April 2025.

Despite the current "extreme fear" in the market, some long-term investors view this 20%+ January correction as a tactical buying opportunity, noting that Bitcoin historically rallies following such cyclical adjustments. Momentum indicators like the RSI are currently in neutral-bearish territory, suggesting that while the immediate trend is weak, the asset is becoming technically oversold.
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