January 27 News, Bitcoin, after experiencing a rapid correction, has entered a technical adjustment zone, but market structure indicates this is more of a controlled pullback rather than a trend reversal. The current price hovers around $88,000, and trading behavior aligns more with the “shakeout” characteristic of a mid-term bullish trend rather than panic selling.
On-chain data shows that recent declines were mainly driven by short-term traders exiting, while more patient funds are quietly accumulating. The proportion of Bitcoin supply in profit across the network has dropped from 75.3% to 66.9%, breaking below the critical historical threshold of 69.1%. Past cycles suggest that when the profit ratio falls below this level, selling pressure tends to ease, making it easier for the price to establish new support at lower levels.
Meanwhile, the behavior of long-term holders also signals a bullish bias. The LTH NUPL indicator is approaching 0.60; once it falls below this level, long-term investors typically stop taking profits and shift to a wait-and-see or re-accumulation phase. In previous bull markets, such changes often laid a stable foundation for the next rally.
From a technical perspective, Bitcoin remains within an ascending wedge pattern and has rebounded from the lower boundary. The key short-term target for bulls is to recover $89,241 and firmly stay above $90,000. If this zone is effectively broken, short-term momentum will significantly strengthen, and the price could challenge $98,000, forming a new support zone around $95,000, laying the groundwork for a push toward $100,000.
Of course, risks still exist. If the macro environment worsens or selling pressure re-emerges, Bitcoin could fall further below $87,210, potentially retesting around $84,698, which would undermine the current bullish structure and delay the upward pace.
In the context of intensified bulls and bears competition, the $88,000 to $90,000 range is seen as a key strategic zone. If this area can establish a solid demand zone, the path toward $100,000 for Bitcoin will become clearer.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Brave Introduces Cross-Chain Swaps for Bitcoin, Solana, Zcash, and Cardano Supported by NEAR Intents
Brave Wallet v1.88 added NEAR Intents, enabling cross-chain swaps across Bitcoin, Solana, Zcash, Cardano, and EVM networks.
NEAR Intents has processed over 19 million swaps and more than $14 billion in volume across 35 chains before this wallet integration.
Brave has added NEAR Intents to it
CryptoNewsFlash13m ago
"Seeking a Sword by Marking a Boat" style coin price predictions go viral: the practical logic and flaws of mystical prophecies
Author: Frank, PANews
Whenever the market enters a confusing phase of stagnation, someone attempts to predict the next trend using a "cutting the cord at the boat" style of historical retrospection method. In such circumstances, people often see from these theories and charts that history is repeating itself, and seem to automatically overlap and verify future market movements with a certain period in the past.
This coincidence appears to have a magical effect and is often verified. Some bloggers claim that the accuracy rate of this type of prediction can reach 75%~80%.
Does this "cutting the cord at the boat" style price prediction that repeatedly goes viral on social media actually help the market identify phases, or is it packaging noise as prophecy?
From "Tick Fractals" to "History Rhymes"
The peak operation regarding the prediction of a market top in October 2025 comes from an analyst named CryptoBullet, who created a method called "tick
PANews47m ago
Bitcoin Early Warning of Stock Market Risk? Global Stock Market Turbulence Intensifies After BTC Drops to $60,000
Recently, analysts have pointed out that Bitcoin's price movements often lead traditional risk assets, reflecting the weakness in global stock markets. After experiencing volatility, Bitcoin is currently stabilizing around $70,000, with market sentiment being affected by geopolitical tensions and rising oil prices. Historical data shows that Bitcoin often exhibits signs of peaking before stock market corrections, and investors are beginning to regard it as an important indicator for monitoring risk asset sentiment.
GateNews51m ago
