Bitcoin (BTC) Price Prediction for January 24, 2026: Today's Price Update
2026-01-23
Bittime - Although Bitcoin (BTC) price today has declined, the potential for recovery remains. Therefore, Bitcoin's price prediction for January 24, 2026, is a topic of interest for investors and traders.
How is the BTC price developing? What factors influence the current price? This article will review Bitcoin price predictions and the key factors influencing them.
Key Takeaways:
Bitcoin price today experienced a slight declinebut there is potential for a rebound.
Market sentiment tends to be cautious, with high levels of fear among investors.
Technical factors and supply flowsBTC is a major influence in Bitcoin price movements.
BTC Price Performance Today, January 23, 2026
Bitcoin's price on January 23, 2026, experienced a slight decrease of -0.02%. Currently, BTC is trading at around $89,159, a significant drop from its previous high of $91,000.
This price reflects market uncertainty that has caused many investors to feel cautious, even though the price remains above a key support level.
Read also: Bitcoin (BTC) Price Rises After Fed Speech: Will the Bullish Trend Continue?
Historical Bitcoin Price Movements
Bitcoin (BTC) has shown high volatility throughout 2025 and early 2026. In recent weeks, BTC has seen a sharp decline caused by a combination of technical and macroeconomic factors.
BTC prices have plunged more than 6% in the past week, thanks to an emerging bearish technical pattern and increased supply from short-term holders selling to lock in profits.
Today's BTC Price Analysis
Today, the Bitcoin price showed signs of consolidation within a "bear flag" pattern. This pattern indicates a possible further decline towards the support level around $80,000.
However, BTC's price could still reverse if it manages to break through resistance at around $92,000 with strong trading volume. The massive influx of BTC to exchanges is also a factor depressing the price, exacerbating already fragile market conditions.
Read also: The Impact of the China-US Trade War on Bitcoin Prices: Global Risks Shake the Crypto Market
Bitcoin (BTC) Price Prediction January 24, 2026
Looking at the current technical pattern and the macro factors at play, the Bitcoin price prediction for January 24, 2026, tends to show a potential decline towards the $80,000 support area.
However, the Bitcoin market could reverse if there is a positive shift in sentiment or more aggressive price action on the buying side. If the price manages to break through the key resistance of $92,000, there is potential for a new bullish movement.
Factors Affecting Bitcoin Price
Market Sentiment: The cryptocurrency market is still haunted by macroeconomic uncertainty, with many investors tending to avoid high risks.
Supply Pressure: Increased BTC flow to exchanges could exacerbate the price decline, with many short-term holders selling to book profits.
Upcoming Bitcoin Halving: The block reward halving process scheduled for 2028 could strengthen Bitcoin's scarcity, providing the potential for higher long-term prices.
Read also: Who is Chen Zhi? The Man Behind the $15 Billion in Bitcoin Seized by the US Government
Potential BTC Price Scenarios
There are two possible scenarios in the short term:
Bearish Scenario: If Bitcoin fails to break through resistance and supply flows remain high, the BTC price is at risk of falling lower towards support around $80,000.
Bullish Scenario: If BTC manages to stay above the support level and shows strength with more aggressive price movements, there is a possibility of retesting the higher resistance level, namely $92,000.
Conclusion
Bitcoin is currently in a challenging phase. With supply pressure and negative market sentiment, the BTC price could experience further declines in the near future.
However, long-term fundamental factors, such as the upcoming halving and growing adoption, provide hope for more positive price movements in the future.
With high volatility, it is crucial to constantly monitor market developments and make wise investment decisions.
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Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.
Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.
FAQ
What influences the current price of Bitcoin?
The main factors influencing Bitcoin's price are cautious market sentiment, the influx of supply into exchanges, and macroeconomic pressures in the global market.
Will Bitcoin continue to fall on January 24, 2026?
The potential for a decline remains if Bitcoin fails to break through the existing resistance. However, a change in market sentiment or a positive increase in trading volume could alter the direction of the price movement.
What to look for when investing in Bitcoin?
Investing in Bitcoin is highly volatile. Therefore, it's important to regularly monitor price movements, understand technical factors, and consider external factors that influence prices.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
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