Bitcoin (BTC) Price Analysis for January 16
Analysis
Price Impact
MedBitcoin has declined by 1.23% over the last 24 hours. technical analysis suggests further drops if local support levels at $95,135 and subsequently $93,000-$94,000 fail to hold, potentially leading to a test of $90,000-$92,000 in the midterm.
Trustworthiness
MedThe analysis is based on technical indicators from a recognized crypto news source, u.today, but includes standard disclaimers about market volatility and the speculative nature of price predictions.
Price Direction
BearishAll timeframes (hourly, daily, and weekly) indicate a bearish trend with price targets ranging from $94,000 to $90,000-$92,000 if current support levels are broken.
Time Effect
ShortThe analysis provides short-term outlooks for 'tomorrow' and 'by the end of the week', with a midterm view for the weekly bar's closure.
Original Article:
Article Content:
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Most of the coins are in the red zone today, according to CoinStats . Advertisement Top coins by CoinStats BTC/USD The rate of Bitcoin (BTC) has declined by 1.23% over the last 24 hours. Image by TradingView On the hourly chart, the price of BTC is going down after a breakout of the local support at $95,135. If the daily bar closes far from that mark, traders may witness a further drop to the $94,000 zone tomorrow. Image by TradingView On the longer time frame, the rate of BTC keeps declining after yesterday's bearish closure. You Might Also Like Thu, 01/15/2026 - 16:14 Bitcoin (BTC) Price Analysis for January 15 By Denys Serhiichuk If the bar closes near its low, there is a high chance of seeing a test of the $93,000-$94,000 range by the end of the week. Image by TradingView From the midterm point of view, one should pay attention to the weekly bar's closure in terms of the $95,938 level. If it happens far from it, bears may seize the initiative, which might lead to a decline to the $90,000-$92,000 range. Bitcoin is trading at $94,541 at press time. #Bitcoin Price Prediction