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Bitcoin's Bumpy Ride: What's Next for the Crypto King?

Tuesday, January 20, 2026
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Market Mood Swing

  • Bitcoin's recent climb above $97,000 seems to have hit a snag.
  • Now trading around $93,192, wiping out some gains.
  • President Trump's new tariffs on Europe have made investors nervous.
  • Gold hits a new high of $4,680 an ounce.

Crypto Market Overview

  • Total market value: $3.15 trillion, down 2.38% from yesterday.
  • Over $800 million in leveraged bets wiped out in 24 hours.
  • Top cryptocurrencies mostly in the red, except:
  • Midnight
  • Quant
  • Monero (renewed interest in privacy-focused coins).

Prediction Markets

  • Myriad:
  • 82% betting Bitcoin will bounce back to $100K.
  • 73% think it won't hit a new all-time high before July.

Technical Analysis

  • Recovery since November lows near $80,000.
  • Briefly shot above Ichimoku Cloud, tested $96,000.
  • Back below 50-day moving average (~$93,000).
  • Golden cross still intact but gap narrowing.
  • ADX: 32.7 (strong trend).
  • RSI: 54.1 (neutral).

Key Levels to Watch

  • Upside:
  • $98,000 (EMA50/Cloud)
  • $100,000 (breakdown level)
  • $108,757 (strong resistance)
  • Downside:
  • $91,000 (immediate support)
  • $80,000 (December low)

Conclusion

  • Bitcoin needs to stay above $95,000 to keep bullish momentum.
  • If it closes the week below $91,000, bearish trend could resume.
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