2026-01-16 05:02:14

Today, Bitcoin (BTC) is consolidating between $95,000 and $98,000 after a 2.5% dip yesterday. While bulls are eyeing the $100,000 psychological barrier, immediate support holds firm at $94,500.

Possible Next Move: A breakout above $101,000 could trigger a rally toward $105,000–$108,000. However, failing to hold $94,500 may lead to a retest of $90,000.

Key Drivers: * Institutional Inflows: iShares launched a new Bitcoin ETP on the London Stock Exchange today.

Regulation: U.S. Senate delays on crypto bills and Coinbase’s opposition are creating short-term "FUD."

Macro: Markets are nervous following high U.S. inflation (PPI) data.
#btc $BTC ‌

BTC-0,83%

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