$BTC As of January 22, 2026, Bitcoin (BTC) is at a critical technical crossroads. After a mid-month rally that teased a move toward the $100,000 mark, the market has entered a sharp corrective phase.
Bitcoin (BTC) Market Analysis
1. Price Action & Recent "Fake-Out" BTC began January 2026 with strong bullish momentum, surging above the $94,700 resistance level on January 14. This move ignited hopes for a run to six figures, but the rally was short-lived. Over the last six days, BTC has faced a steady decline, dropping below the psychological **$90,000** mark. As of today, it is hovering around $90,101, attempting to snap a losing streak.
2. Support & Resistance Levels
Immediate Support: The $88,000 – $85,000 zone is the most critical floor. Technical data shows that the market found support here twice in early January; a break below this could trigger a deeper slide toward $80,000.
Key Resistance: Bulls must reclaim $93,500 to neutralize the current bearish pressure. The primary target remains the $98,000 local peak set on January 17.
3. Strategic Sentiment
Institutional Activity: Despite the price dip, institutional adoption is accelerating. BlackRock’s iShares Bitcoin ETP issued 80,000 new securities this week, and new crypto-backed ETPs are set to begin trading on the London Stock Exchange today (Jan 22).
Macro Risks: Geopolitical uncertainty and "risk-off" sentiment are currently weighing on the price. Traders are watching for a "shakeout" (a final sharp drop to flush out weak hands) before a potential trend reversal toward new all-time highs.
The "Best Chart Pick": BTC/USD Daily Candlestick
The chart below highlights the Breakout & Reversal pattern seen this month. Notice the "trap" near $95,000 followed by the test of the $90,000 support.
Pro Tip: Look for a daily close above the 50-day EMA (currently near $90,300) as a signal that the local bottom is in. If the price stays below $88,000, consider the possibility of a "Death Cross" formation on the weekly timeframe.
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