Bitcoin (BTC) Price Analysis for January 22
Analysis
Price Impact
MedBitcoin (btc) price has dropped by 1.03% and the market is 'back to red'. a false breakout of local support suggests potential for further drops, with a midterm view indicating a 'going down' trend after failing to hold resistance.
Trustworthiness
MedThe analysis is based on technical indicators and provided by u.today, a known crypto news outlet. it offers an opinion-based market view rather than definitive financial advice, as highlighted by its disclaimer.
Price Direction
BearishHourly chart shows a false breakout of support at $89,974, with a potential drop to $88,500. midterm analysis suggests a continued downtrend after a false breakout of $94,652 resistance. while short-term sideways trading between $88,000-$90,000 is possible until the end of the week, the overall sentiment leans bearish.
Time Effect
ShortThe analysis covers hourly movements, predictions for 'until the end of the week' for sideways trading, and 'rest of the month' for the midterm downtrend, focusing on immediate and near-term price action.
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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 The market is back to red after a slight bounce back, according to CoinStats . Advertisement Top coins by CoinStats BTC/USD The price of Bitcoin (BTC) has dropped by 1.03% since yesterday. Image by TradingView On the hourly chart, the rate of BTC has made a false breakout of the local support at $89,974. However, if the daily bar closes near that mark or below it, traders may witness a further drop to the $88,500 zone. Image by TradingView On the longer time frame, the price of the main crypto is within yesterday's bar, which means none of the sides has seized the initiative yet. You Might Also Like Thu, 01/22/2026 - 15:24 Ethereum (ETH) Price Analysis for January 22 By Denys Serhiichuk In this case, sideways trading in the zone of $88,000-$90,000 is the most likely scenario until the end of the week. Image by TradingView From the midterm point of view, the rate of BTC is going down after a false breakout of the local resistance at $94,652. If the drop continues, one can expect a test of the support for the rest of the month. Bitcoin is trading at $88,785 at press time. #Bitcoin Price Prediction