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Bitcoin Price at $95K Crossroads: Does It Break $94,500 Support or Surge to $100K? – BTC TA January 16, 2026
📰 sources⭐ 5.0
TL;DR:
The Bitcoin price rose to nearly $98,000 on Tuesday, but since then the price has sunk nearly all the way back down to the $94,500 breakout level. A distribution phase has taken place over the last couple of days.
Key Points:
Background:
Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.
Why It Matters:
This development could influence BTC price action and market sentiment in the near term.