Technical Analysis

Bitcoin traded around $95,000 at press time, according to TradingView, after rebounding from the $91,000–$92,000 demand zone. Liquidity gauges highlighted on X show the Global Liquidity Index at a new cycle high, while CryptoQuant's UTXO age bands indicate short‑term holders are in profit and risk is being redistributed toward mid‑term cohorts. Immediate resistance lies at $97,000–$98,000.

Bitcoin futures open interest showed a cautious rebound in January after last quarter's sharp deleveraging, signaling tentative risk appetite returning to derivatives. Despite the improvement, OI remains well below prior highs, while options activity has overtaken futures, hinting at a shift toward strategies that reduce forced liquidations.

On January 19, 2026, South Korea’s won was reported to have fallen about 2.5% against the US dollar, making it Asia’s worst-performing currency as USD/KRW hovered near 1,472.8. Over the same period, Bitcoin traded at a premium of 2.49% on Korean exchanges versus global platforms, signaling stronger local demand and aligning with key price levels around $25,200 and resistance near $28,754.40.

Gold and silver futures opened the week with sharp gains as geopolitical tensions and fresh U.S. tariff threats fueled safe-haven demand. With gold pressing toward $4,700 and silver consolidating near multi-year highs, traders are watching key technical levels that could define the next leg higher.

Bitcoin's latest drop unfolded with unusually tight dispersion across major spot venues and stable session extremes. More than $500 million in long positions were liquidated in roughly sixty minutes across derivatives markets. The move looked dramatic, yet order books and arbitrage activity appeared orderly.

Ethereum has retreated from the $3,400 resistance area and is now trading below $3,250 and the 100-hourly Simple Moving Average while holding support near $3,200. The recent drop pushed ETH down through $3,320, $3,280, and the 50% Fib retracement of the $3,060 to $3,402 move, with price briefly testing the $3,180 zone. As long as buyers protect the $3,180–$3,200 support band, the market could attempt a recovery toward $3,250, $3,280, and possibly the $3,320–$3,400 resistance levels, while a break lower may open the way to $3,120 or even $3,050.

Ethereum is consolidating near $3,300 as traders watch a narrowing structure and improving momentum. A January 18, 2026 post by Merlijn The Trader stressed holding $3,300 and pointed to $3.9k–$4k as a potential upside zone. The 4-hour MACD has turned upward, while patterns such as a falling wedge and double bottom are in focus.

After a calm weekend, liquidity stayed thin and volatility subdued across majors. XRP's trading participation fell toward zero while price drifted under the 100/200 EMA. SHIB compressed near short‑term support with few obstacles overhead. Bitcoin's attempts higher lacked volume, facing repeated rejection near key daily moving averages.

Bitcoin slid under $93,500 after losing $95,000 and $94,000, and briefly dipped below $92,000 while remaining beneath the 100‑hour SMA. If $92,000 holds, upside hurdles sit near $93,000, $93,500 and $94,000, with scope toward $95,000; failure to stabilize risks tests of $91,800, $91,300 and the $90,000 area.

Large holders amassed over 210 million ADA across the past three weeks while the token traded below $0.40. Price compressed near $0.38–$0.39 inside a multi‑month descending channel, with Binance top traders 72.52% long and the OI‑Weighted Funding Rate at +0.0018%. Momentum stayed weak, leaving a breakout above resistance as the key signal.