Bitcoin (BTC) Price Prediction January 23, 2026

After experiencing significant pressure in recent days, the Bitcoin (BTC) price is starting to show signs of recovery. Whale buying, improving macro sentiment, and a technical rebound from a support area have made the market slightly more optimistic.

In this article, we will discuss the latest BTC price conditions, the history of its price movements, an analysis of the causes of today's price increase, and a Bitcoin (BTC) price prediction for January 23, 2026.

Key Takeaways

• Bitcoin price started to rebound supported by whale accumulation action below the $90,000 level.
• Global macro sentiment improved after geopolitical tensions eased, although it remained cautious.
• Technically, BTC is showing a healthy recovery, but further confirmation is needed to continue bullish.

BTC Price Performance Today, January 22, 2026

Based on the latest chart, BTC price is currently trading in the range$89.958, strengthened around0.81% in the last 24 hours. 

Throughout the day, BTC touched its highest level in the area$90.499, while the lowest point is around$87.336.

The 15-minute timeframe shows a fairly neat rebound pattern after the previous sharp decline. Trading volume has also begun to gradually increase, indicating a return of buying interest to the market.

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Historical Bitcoin Price Movements

Historically, Bitcoin (BTC) is known as an asset with high volatility, but has a strong long-term trend.

BTC ever printed all-time high (ATH) at level of $126.080, while the all-time low (ATL) is at $67,81.

Currently, the price of Bitcoin is still around 28.76% below ATH, but it has gone up more than 132.370% from its lowest point.

This historical data shows that short-term corrections are still considered reasonable in the context of Bitcoin's major cycles.

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Today's BTC Price Analysis

So, what's causing the BTC price to rise today? Let's analyze some of the reasons:

1. Whale Accumulation (Bullish Impact)

One of the main factors behind today's Bitcoin price increase is whale accumulation. Several large wallets reportedly purchased around 450 BTC per day, with a value of more than$40 million, when the price dropped below $90,000.

In addition, three other large wallets were recorded as accumulating a total of 3,000 BTC in 24 hours. This pattern is similar to Bitcoin's historical accumulation phase, where the price corrects, often signaling the beginning of a subsequent upward movement.

The decreasing supply of Bitcoin on exchanges also puts upward pressure on prices.

2. Macro Sentiment Improvement (Mixed Impact)

From a macro perspective, global market conditions have improved slightly. Crypto market capitalization has increased by around0,94%, while the Fear & Greed index increased to a level34, indicating a reduction in extreme fear.

President Trump's move to further ease tariffs on European allies has helped ease geopolitical tensions. This has led to renewed interest in risk assets like Bitcoin, although BTC's gains still lag behind those of some altcoins.

3. Technical Rebound (Neutral Impact)

Technically, Bitcoin managed to bounce off the area of $87.231, which was the weekly low. The price was also able to hold above30-day SMA around $90,804, showing interest to buy BTC in important support areas.

The RSI indicator is in the range43,2, reflecting neutral momentum and far from overbought conditions. This indicates that the recent increase is still relatively healthy and not euphoric.

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Bitcoin (BTC) Price Prediction January 23, 2026

Based on the latest price chart and analysis above, here's the Bitcoin (BTC) price prediction January 23, 2026:

- If BTC is able to stay above the area of $89.500–$90.000, opportunities for further strengthening towards $91.500 are quite open.

- Clean breakout above 30-day EMA at $91,500 could be an early signal of a stronger recovery towards $93.000.

- However, if BTC loses momentum again and falls below $88.500, potential for re-correction to the area of $87.000 still needs to be watched out for.

Factors Affecting Bitcoin Price

Some of the main factors that can influence the next BTC price movement is as follows:

1. Whale Action and Institutions: Accumulation or distribution from large players greatly influences BTC price movements.

2. Global Macro Sentiment: Geopolitical issues, tariff policies, and global economic conditions have a direct impact on risk assets.

3. Market Liquidity: Global capital flows and bond market conditions also influence interest in Bitcoin.

4. Technical Analysis: Support, resistance, RSI, and moving average levels are the main references for short-term traders.

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Potential BTC Price Scenarios

Based on the price predictions above, here are the potential scenarios for BTC price movements:

Bullish Scenario

BTC held above $90,000 and broke through $91,500, paving the way for $93.000–$94.000.

Conservative Scenario

Prices are moving sideways in the range $88.800–$91.000 while waiting for a new catalyst.

Bearish Scenario

If selling pressure reappears, BTC could potentially drop to the area of $87.000–$86.500.

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Conclusion

The Bitcoin (BTC) price prediction for January 23, 2026, shows signs of recovery after the previous strong pressure. Whale accumulation and improving global sentiment are the main factors driving today's rise.

However, Bitcoin is still in a crucial phase and needs further confirmation to truly emerge from short-term pressure.

For traders and investors, remain disciplined with risk management and pay attention to important technical levels before making decisions.

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FAQ

Why is Bitcoin price rising today?

The increase was triggered by whale accumulation, improving macro sentiment, and a technical rebound from the support area.

Has BTC entered a bullish trend?

Not yet. BTC still needs confirmation by breaking through the crucial resistance above $91,500.

Where is Bitcoin's nearest support level?

The nearest support is in the range of $88,500–$89,000.

Is it still safe to buy Bitcoin now?

It depends on your strategy. For the short term, pay attention to support and resistance areas. For the long term, corrections are still considered normal.

What factors are most influencing BTC right now?

Whale action, global sentiment, and market liquidity conditions are the main factors.a