Bitcoin (BTC) Price Prediction January 31, 2026

After several days of trading below the psychological $90,000 level, the BTC price has weakened further, recording a sharp decline over the past week. Is this decline merely a healthy correction or a sign of a deeper bearish phase?

In this article, we'll discuss today's BTC price performance, the history of Bitcoin's movement, the main causes of the price decline, and the Bitcoin (BTC) price prediction for January 31, 2026. Read this article to find out more!

Key Takeaways

• Bitcoin experienced a sharp correction due to massive leverage liquidation.
• Global macro uncertainty makes investors tend to avoid risky assets.
• The $83,000 area is a key support that will determine BTC's next direction.

BTC Price Performance Today, January 30, 2026

Based on the latest BTC/USDT chart, BTC price today is trading in the range $82.866. In last 7 days, BTC recorded a decline of around-7,60%, worse than the global crypto market decline which was in the range of-6,80%.

Technically, selling pressure appears quite strong, with red candles dominating price movements. Trading volume also increased as the price fell, indicating ongoing distribution and liquidation.

In addition, despite a small bounce (dead cat bounce), the short-term trend is still leaning towards bearish.

Read Also: Gold vs. Bitcoin: Best Asset Predictions for 2026 

Historical Bitcoin Price Movements

Bitcoin (BTC) has experienced an extremely volatile price movement since its launch. This largest cryptocurrency once reached an all-time high (ATH) of $126,080, while its all-time low (ATL) was $67.81.

At current prices, Bitcoin is around 34.39% below ATH, but still recorded an extraordinary increase of more than 121,890% compared to its lowest price. 

This data confirms that volatility is a key characteristic of Bitcoin, and correction phases are a normal part of the market cycle.

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Today's BTC Price Analysis

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

1. Massive Leverage Unwind (Bearish Impact)

One of the main factors behind the BTC price crash was a massive wave of liquidations in the derivatives market. In the past 24 hours, total liquidations in the crypto market reached$1.75 billion, with long positions contributing around94%of the total.

Specifically for Bitcoin, the long liquidation value reached around$826 millionThis situation creates a domino effect. As prices begin to fall, leveraged positions are forced to close, triggering additional sell orders, and ultimately accelerating the price decline.

This condition is typical of a sharp correction after excessive bullish euphoria.

2. Global Macro Uncertainty (Bearish Impact)

On the macro front, Asian market volatility increased following Donald Trump's political statements regarding a potential government shutdown and the planned announcement of a Federal Reserve Chair candidate. This uncertainty put global markets on the defensive.

Investors tend to reduce exposure to high-risk assets, including crypto. Bitcoin, as a high-beta asset, is more severely impacted than other financial instruments. This pressure is also evident in weakening US stock index futures.

3. Important Technical Breakdown (Bearish Impact)

Technically, Bitcoin has broken below the 30-day SMA in the $90.971 areaand now moving far below7-day SMA at $88,043This confirms a change in the short-term trend to bearish.

The 14-day RSI indicator is at the level34,4, approaching the oversold area. While this opens up the opportunity for a technical rebound, a low RSI can also persist for quite some time during a downtrend. The nearest Fibonacci support is located around$83.250, which is now a crucial level.

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Bitcoin (BTC) Price Prediction January 31, 2026

Based on technical analysis and current market sentiment, here’s the Bitcoin (BTC) price prediction for January 31, 2026:

- If the BTC token is able to hold above $83,000, there is still a chance for a short-term rebound towards the $85,500–$87,000 area.

- However, if the $83,000 support is validly broken, BTC has the potential to continue its decline to the $80,000–$78,500 area.

As long as the price remains below $90,000, the short-term trend remains bearish.

Factors Affecting Bitcoin Price

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

1. Leverage and Derivatives: The high use of leverage makes BTC price movements very sensitive to liquidation.

2. Macroeconomic Conditions: Monetary policy, interest rates, and global political stability greatly influence investor interest in crypto assets.

3. Technical Analysis: Support-resistance levels, moving averages, and momentum indicators are the main references for traders.

4. Market Sentiment: Fear & Greed Index, cash flow, and market psychology play a big role in the short term.

Read Also: Clovis (CLO) Price Forecast 2026-2030: Long-Term Outlook 

Potential BTC Movement Scenarios

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

Bullish Scenario

BTC holds above $83,000 and rebounds to the $88,000 area if selling pressure subsides.

Conservative Scenario

Price moves sideways in the $82,000–$85,000 range while awaiting new catalysts.

Bearish Scenario

A breakout below $83,000 opens the door to the $80,000 area or lower.

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Conclusion

The Bitcoin (BTC) price prediction for January 31, 2026, indicates that the market remains in a fairly deep correction phase. Large leveraged liquidations, macroeconomic uncertainty, and a technical breakdown are combining to depress the BTC price.

However, the $83,000 area now represents a crucial turning point. The price reaction at this level will determine whether Bitcoin can stage a short-term recovery or continue its downtrend.

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FAQ

Why did Bitcoin price drop sharply this week?

The decline was triggered by the liquidation of large leveraged positions and risk-off sentiment due to macro uncertainty.

Is Bitcoin oversold?

The RSI is approaching oversold, but this condition could persist if the downtrend continues.

Where is Bitcoin's closest support currently?

Crucial support is around $83,000, then $80,000 if a breakdown occurs.

Is it still safe to buy Bitcoin now?

For the long term, gradual accumulation can be considered, but short-term traders need to be extra cautious.

What factors are influencing BTC the most right now?

Derivatives market leverage, global sentiment, and key technical levels.