#Bitcoin BTC Price News Today 20-1-2026 - 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 $90,925 as of January 20, 2026, marking a sharp 24-hour decline of over 3%. The price briefly plunged below the $90,000 psychological threshold earlier today, hitting intra-day lows near $89,990, as a global risk-off sentiment swept through financial markets.
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Key Market Drivers Today
--Geopolitical Tensions: Markets reacted sharply to renewed trade friction after U.S. President Donald Trump escalated tariff threats against European nations and Denmark over the potential acquisition of Greenland.
--Safe-Haven Rotation: Investors rotated capital out of "risk assets" like Bitcoin and into traditional safe havens. While Bitcoin fell, gold reached fresh all-time highs near $4,700 per ounce today.
--Macro Meltdown: A sudden sell-off in the Japanese government bond market spilled over into broader markets, triggering roughly $350 million in crypto liquidations.
--Institutional Activity: Despite the downturn, MicroStrategy reported purchasing another 22,305 BTC for $2.13 billion today, continuing its aggressive treasury strategy.
Technical Outlook & Sentiment
--Resistance & Support: Analysts note that Bitcoin failed to break the $98,000 resistance level last week and has now fallen back toward its 50-day moving average near $90,389. Some bearish forecasts suggest a potential further slide toward $70,800 if macro pressures persist.
--Fear & Greed Index: Market sentiment has shifted rapidly from "Greed" to a more balanced 50/100 (Neutral) as the early-year momentum of 2026 stalls.
--Future Predictions: Despite the current volatility, some institutional analysts remain bullish for the remainder of 2026, with a 30-day target of $91,559 and long-term end-of-year projections exceeding $125,000.
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