NewsBTC •
January 27, 2026 at 03:20 •
Analysis
Bitcoin price started a recovery wave from $86,000. BTC is slowly moving higher and might rise further if it clears $89,500. Bitcoin started a minor recovery wave from the $86,000 level. The price is trading near $88,500 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $88,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might recover if it manages to settle above $88,800 and $89,500. Bitcoin Price Attempts Rebound Bitcoin price extended losses and traded below the $87,200 support. BTC even declined below $86,500 before the bulls appeared. A low was formed at $86,007, and the price is now attempting a recovery wave. The price climbed above the $87,000 and $87,500 levels. There was a...
