On Thursday, January 22, 2026, BTC posted a modest 1.2% technical rebound, reaching $89,354.34. ETH followed suit, rising modestly to $2,976.05. However, the week remains negative for BTC, with a 7.9% decline overall. This rebound is purely technical: following yesterday’s sharp drop, buyers attempted to capitalize on lower prices. Trading volume is down compared to Wednesday, suggesting a lack of conviction among market participants. Technically, BTC is testing the $89,500 resistance level, a point that could impede further recovery. The Relative Strength Index (RSI) has climbed back to 45, but the 50-day moving average (around $91,000) remains a significant hurdle. Macroeconomic factors continue to be unfavorable: U.S. bond yields are still rising, enhancing the dollar’s appeal. Market sentiment is mixed: some traders view this rebound as a selling opportunity, while others hope for a return towards $90,000. ETH, despite its gains, struggles to surpass the $3,000 mark, a crucial psychological threshold. Outlook: If BTC fails to break above $90,000 within the next 48 hours, a retest of $87,000 is likely. Volatility remains high, and investors should exercise caution.
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