Bitcoin is currently trading around $95,300–$95,600 USD (as of January 16, 2026), after pulling back from recent highs near $97,000–$98,000 earlier this week. The market has seen some profit-taking and a minor dip, influenced by delays in U.S. crypto regulatory bills and broader risk-off sentiment, leading to a ~1.4–1.5% drop in the last 24 hours.
Despite the short-term pullback, the overall structure remains bullish following Bitcoin's breakout from a multi-month consolidation phase above $80,000. Analysts point to an ascending triangle pattern on higher timeframes, with strong ETF inflows and institutional interest providing support. Key levels to watch:
Support: ~$94,000–$95,000 (recent breakout zone)
Resistance: $97,000–$100,000 (psychological barrier)
Many expect a potential retest or push toward $100k+ in the near term if momentum returns, though volatility stays high with possible chop around current levels. The rally from early January looks like a healthy reset rather than a reversal, with longer-term forecasts for 2026 ranging widely from $75k to $225k depending on macro conditions.$BTC
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