January 29 News, Bitcoin price rebounded to nearly $90,000 ahead of Wednesday’s FOMC meeting, but selling pressure above remains evident, preventing a successful breakthrough. Currently, BTC hovers between $86,000 and $90,000, with market focus on whether the $90,000 to $93,000 range can turn into effective support.
On-chain and technical data indicate that Bitcoin’s short-term structure is converging. Crypto India co-founder Aditya Singh pointed out that the 100-week moving average around $87,500 is an important support level; if it is lost, a test of the $86,000 region may occur again. Meanwhile, the 50-day moving average near $90,000 forms the first resistance, while the 100-day moving average around $94,000 is a key level for bulls to break through.
Analyst Jelle believes that the recent downtrend has been broken, with signs of a low point on the weekly chart rising. If the price re-establishes above $93,000, it will send a stronger bullish signal. AlphaBTC also mentioned that there is a significant liquidity concentration around $93,400, which may lead to short-term consolidation. However, once volume breaks out, the target could move toward the $98,000 region.
Institutional fund flows are also closely watched. Glassnode data shows that the 30-day moving average of spot Bitcoin ETF capital flows in the US is gradually approaching neutrality, indicating that previous selling pressure is weakening. Nevertheless, the market still mainly relies on the confidence of spot holders rather than new institutional buying. If subsequent funds turn into net inflows, it will significantly boost upward momentum.
In terms of corporate holdings, Strategy led by Michael Saylor continues to increase its positions. The company bought an additional 2,932 BTC last week, bringing total holdings to 712,647 BTC, demonstrating that large institutions remain optimistic about long-term value.
Against the backdrop of a complex macro environment and fluctuating policy expectations, Bitcoin is at a critical turning point. If the $93,000 level is successfully broken and stabilized, the market may enter a new upward phase; otherwise, the price could continue to oscillate within the high range.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC 15-minute pullback of 0.66%: Trade policy shock combined with large holders selling off triggers downside pressure
From 06:15 to 06:30 (UTC) on 2026-04-06, the BTC price dropped from 68807.2 to 69308.1 USDT; the 15-minute return recorded -0.66%, and the amplitude reached 0.72%. During this period, market volatility intensified, with trading volume and social discussion heat increasing in tandem, reflecting intense short-term capital games.
The main driving force behind this abnormal movement came from sudden changes at the macro policy level. The United States has recently increased tariffs and continued its high-tariff policy, causing a sharp drop in global risk appetite and prompting investors to withdraw en masse from high-volatility assets. Related con
GateNews22m ago
Bitcoin meltdown to $10,000 remains likely unless prices reclaim $75,000, analyst says
A familiar voice is back with a familiar, and controversial, call on bitcoin BTC$66,860.50.
Mike McGlone, senior commodity strategist for Bloomberg Intelligence, is reiterating that bitcoin could crash to $10,000.
But this time, he's framed it with a very clear line in the sand: $75,000.
If bitco
CoinDesk2h ago
Capital Flows From Gold Back to Bitcoin As Digital Haven Matures
Bitcoin has consistently been considered as a centerpiece for crypto-economic theory and its representation as “Digital Gold”. Recent data from Fidelity clearly demonstrates that Bitcoin’s role as a measurable indicator of market performance is firmly established as a reality, not just a
BlockChainReporter2h ago
