#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 $89,120 as of January 21, 2026, following a period of high volatility that saw prices drop below the $90,000 psychological support level. The market is currently experiencing a "risk-off" mood, with Bitcoin down roughly 2.2% over the last 24 hours amid broader declines in both crypto and traditional equity markets.
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Key Market Insights Today
--Volatility Drivers: The recent price slide is attributed to a "messy macro mix," including geopolitical tensions surrounding Greenland and trade tariff concerns. While President Trump’s calming remarks at the World Economic Forum (WEF) in Davos briefly boosted prices back above $90,000, the rally was short-lived as sell-side pressure resumed.
--Institutional Adoption: Delaware Life Insurance announced today it has integrated a BlackRock Bitcoin index into its digital asset annuity products, signaling continued institutional integration despite the price dip.
--Whale Activity: Data indicates that large holders (whales) have accumulated approximately $3.2 billion in Bitcoin over the last nine days, suggesting long-term accumulation during the current correction.
--Corporate Milestones: Strategy (formerly MicroStrategy) reported surpassing 700,000 BTC in total holdings after a new $2.1 billion purchase this week.
--Technical Outlook: Analysts identify a heavy "supply wall" of resistance between $91,000 and $92,000. Some market strategists, including Tom Lee, maintain bullish end-of-year targets of $200,000–$250,000, viewing current movements as a routine bull-market correction.
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