Crypto Market Analysis: Daily Bitcoin, Ethereum & DeFi Updates podcast.
# Bitcoin in the Squeeze: What You Need to Know This Week
Hey everyone, Crypto Willy here, and boy do we have some fascinating developments to break down as we head into the final week of January.
So here's the situation: Bitcoin is currently trading around $89,500, and it's caught in what I like to call a "coiled spring" moment. According to Token Metrics' latest analysis, we're looking at the tightest Bollinger Bands squeeze since July 2025—that gap has compressed to less than $3,500, which is basically screaming that a major move is coming. The question isn't *if* Bitcoin moves; it's *when* and *in which direction*.
Now, here's where it gets interesting. Be In Crypto's technical analysis is showing some concerning signals underneath the surface calm. Long-term holders have been the real MVPs keeping Bitcoin from completely tanking, but their buying intensity just dropped roughly 24% in just four days. On January 19th, these holders added about 22,618 Bitcoin, but by January 23rd, that daily net buying plummeted to around 17,109 BTC. That's the kind of shift that makes analysts take notice.
But don't panic yet. According to Token Metrics, Bitcoin's bounced back impressively from recent lows near $87,600 and is now hovering around $95,000 in some analyses. The technical picture actually looks somewhat bullish in the short term—the MACD indicator has crossed into positive territory with the histogram expanding, which suggests selling pressure is fading and bullish momentum is building.
Here's what traders are watching right now. The immediate resistance sits at $99,500, which is where the 100-day exponential moving average is acting as a gate-keeper. If Bitcoin can push through that with conviction and hold above it, the next major target zone is $100,000 to $102,000. Token Metrics is forecasting that in a bullish scenario, we could see Bitcoin climbing to $110,000 to $125,000 in Q1 2026. That's the dream scenario, right?
On the flip side, support is holding at $94,000, but the real critical level is $92,000. If Bitcoin breaks below that, we're likely looking at a retest of those recent lows around $87,600, or potentially even probing down toward $80,000 territory.
What's also worth noting is that institutional demand remains solid. Bitcoin spot ETFs pulled in over $1.9 billion in net inflows during the first week of January alone, according to Token Metrics. That kind of institutional backing provides some real foundation underneath the price action.
The macro headwinds are real though. IG's recent reporting notes that tariff risks and macro uncertainty are capping momentum despite early-2026 gains. We've come a long way from those record highs in October 2025, so there's definitely some profit-taking in the mix here.
So what does this all mean? We're in a fascinating holding pattern. Bitcoin's consolidating, building energy, and the technical setup suggests something significant is about to happen. Whether it's a breakout to the upside or a deeper correction depends largely on whether buyers can defend those key support levels and push through overhead resistance.
Thanks so much for tuning in, and make sure you come back next week for more crypto analysis and market updates. This has been a Quiet Please production—head over to QuietPlease.AI to check out all our content. Stay sharp out there, and happy trading!
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