What is happening with Bitcoin

Bitcoin is currently in the midst of a high-stakes tug-of-war as we approach the end of January. After a tumultuous start to the year, the "Digital Gold" narrative is being tested amid geopolitical changes and institutional movements.

The Current Situation

After falling to the $86,000 – $87,000 range earlier this week due to a "risk-off" sentiment in global markets, BTC has begun to stabilize. Although it's still about 30% below its peak of $126,000 in October, several key factors are keeping the community on edge:

FOMC Anticipation: All eyes are on today’s FOMC meeting. Historically, 2025 experienced pullbacks following 7 out of 8 meetings. The market is anticipating only a low (2.8%) chance of a rate cut, meaning any unexpected hawkish signals could trigger increased volatility.

ETF Momentum: In a positive turn, spot Bitcoin ETFs ended a five-day outflow streak yesterday. Institutional "buy the dip" behavior continues to serve as an essential support factor.

The "Gold" Divergence: Interestingly, while BTC has seen a 17% decline over the last year, physical gold has reached record highs above $5,000. This separation indicates that investors are currently leaning towards traditional "safe havens" amid uncertainties related to trade tensions.

Technical Levels to Watch

Resistance: $95,000. A break above this level could pave the way toward the psychological barrier of $100k.

Support: The immediate line in the sand is at $84,000. If this level fails, analysts are looking for a deeper correction toward the 200-week EMA.

My Advice:

Sentiment has shifted from "Belief" to "Anxiety," according to on-chain data (NUPL). Historically, these consolidation phases are when patient "HODLers" build their positions.

Are you in accumulation mode or waiting for clarity after the FOMC meeting? Let’s discuss below!
$BTC ‌