Today, January 19, 2026, Bitcoin (BTC) is experiencing a sharp pullback, trading around $92,500 after dropping nearly 3% in 24 hours. This follows a high of $95,467 earlier today. Market sentiment has turned "risk-off" as over $870 million in long positions were liquidated in just four hours. While some analysts maintain a bullish outlook toward $100,000, others warn that a break below the 50-week moving average could trigger a slide toward the $67,000–$74,000 range. The current phase is defined by high volatility and institutional caution amid shifting global trade dynamics.

Today’s Key News Affecting BTC

Trump’s Greenland Tariffs: President Trump announced a 10% tariff on eight European countries (potentially rising to 25%) unless a deal for the purchase of Greenland is reached. This has rattled global risk sentiment, causing investors to flee digital assets for gold and bonds.

Regulatory Stalls: Movement on the Clarity Act (aimed at structuring the US crypto market) has stalled in Congress due to industry objections, creating uncertainty about the long-term US regulatory framework.

Possible Next Move

Bullish Scenario: If BTC can hold the $90,000 support level, a "TACO" bounce or relief rally toward $98,000–$100,000 is possible within the next 48 hours.

Bearish Scenario: A sustained break below $92,000 may lead to a deeper correction. Analysts are eyeing the $67,000 level as the next major psychological floor if geopolitical tensions escalate.

BTC Key Trading Zones
Trader Strategy
Major Resistance (Sell),"$94,700 – $96,000","Professional ""Sell Zone."" Expect heavy rejection here unless volume spikes."
Psychological Barrier,"$100,000",The ultimate target for bulls; a break here signals a move to $120k+.
Immediate Support (Buy),"$91,500 – $92,200","A ""Scalp Buy"" zone. Pivot points suggest a bounce is likely if it hits this floor."
Strong Support (Buy),"$88,000 – $89,800","The ""Value Buy"" zone. Aligns with the 50-period moving average and recent lows."
#CryptoMarketPullback $BTC ‌