#WEFDavos2026 #TrumpCancelsEUTariffThreat
Bitcoin (BTC/USD) is currently trading around $88,700–$89,900, with most major sources showing values between approximately $88,750 (TradingView/Bitstamp) and $89,980, reflecting mild intraday fluctuations. The 24-hour change is mixed but generally down ~0.7% to -1.2% in recent snapshots, with trading volume in the $45–50 billion range. Market cap hovers near $1.77–$1.79 trillion, maintaining its #1 position.
### Recent Price Action (Candlestick Perspective)
- 24-hour candles: Showing bearish pressure with red candles dominating, as BTC failed to hold above $90,000–$90,500 highs and pulled back toward $87,000–$88,000 lows in volatile sessions.
- Short-term trend (daily/weekly): BTC has been in a corrective/consolidation phase after earlier 2026 highs near $97,000–$98,000. Recent daily candles display rejection wicks at resistance (~$94,000–$95,000 zone), followed by lower closes, forming a series of lower highs. This has broken short-term ascending trendlines from December/early January lows.
- Key levels: Support tested around $87,000–$88,000 (recent lows), with deeper potential toward $80,000–$85,000 Fibonacci zones if selling accelerates. Resistance sits at $90,000–$94,000 (prior highs and broken trendline areas).
- Momentum: RSI has dipped below neutral (~50 or lower on some frames), signaling fading bullish strength and short-term seller control. Volume on down candles has been notable, but no extreme capitulation yet.
- Overall sentiment: Neutral to bearish in the short term due to the multi-day pullback (~7–8% weekly decline in places), macro uncertainty, and failure to reclaim higher levels. However, the broader post-2025 structure remains range-bound rather than a full reversal, with bulls defending mid-$80k zones aggressively.
A decisive daily close above $91,000–$92,000 could invalidate near-term bearish pressure and target retests of $95,000+. A break below $87,000 might accelerate downside toward $80k support.
Here are representative recent candlestick chart views of BTC/USD (primarily daily/weekly timeframes showing the current consolidation/pullback structure around $87k–$95k)
