Bitcoin holds near the $90,000 support as miner-based Hash Ribbons and the Fear and Greed Index issue buy signals, pointing to improving sentiment. Analysts note a recent crossover in sentiment gauges and a recovery from miner capitulation, while traders watch the $90,000–$92,000 range for confirmation of trend direction.

On January 20, 2026, Bitcoin slipped 2.6% in 24 hours to a low near $90,600, wiping out gains made since January 14. Broader crypto markets also turned lower as rising geopolitical friction over Greenland and fresh tariff threats from the United States dampened risk appetite and pushed investors toward assets like gold.

Bitcoin fell to an eight-day low before the first U.S. stock session of the week, with trading data showing a renewed move toward $90,000 after a failed breakout from its recent range. Analysts highlighted a new death cross between the 21-week and 50-week SMAs and pointed to key levels around $93,500, $87,000 and a potential drop toward the $58,000–$62,000 zone.

An early Bitcoin address that accumulated 909.38 BTC between 2011 and 2012 at below $7 has moved its full holdings into a new SegWit bech32 wallet, with the stash now valued at $84.62 million. The transfer, made in a single transaction a few hours ago, comes as Bitcoin trades around $91,111, raising speculation over whether the coins will head to exchanges, on-chain services or institutional custody.

On January 20, 2026, veteran trader Peter Brandt said on X that Bitcoin's rising wedge points to a 33–37% decline, targeting $58,000–$62,000 from around $92,400. Other analysts warned of a 2022-style bull trap, while Ted Pillows argued improving US liquidity could support a crypto rally. Lookonchain noted notable whale movements.

A Satoshi-era Bitcoin wallet that had been inactive for 13 years has transferred its entire 909.38 BTC balance, valued at roughly $84.6 million, to a new address. The coins were originally acquired in 2013 when Bitcoin traded below $7, underscoring the massive appreciation compared with traditional assets over the same period.

Veteran trader Peter Brandt has issued a bearish outlook for Bitcoin, highlighting a megaphone-style topping formation that points to potential downside toward the $58,000–$62,000 range. His chart-based scenario outlines successive targets from around $73,786 down to an ultimate objective near $58,840, while he also questions the "Bitcoin up forever" thesis in light of possible quantum-computing advances.

CryptoQuant said custody wallets holding 100–1,000 BTC accumulated about $53 billion in Bitcoin over the past 12 months, and founder Ki Young Ju noted 577,000 BTC was added to this cohort. The firm also pointed to an increase of around 33% over 24 months. In the United States, spot Bitcoin ETFs have posted an aggregate inflow of $1.2 billion so far this year.