As of Thursday, January 22, 2026, Bitcoin is currently trading right at the $90,000 mark, showing signs of stabilization after a period of significant volatility earlier this week.

​While it has fluctuated slightly above and below this level throughout the day, the market is viewing $90,000 as a critical psychological and technical battleground.

​Current Market Snapshot

​Price Action: After dipping below $87,200 on Tuesday, Bitcoin staged a recovery. It is currently hovering around $90,000 to $90,500.

​Key Resistance: Analysts are watching $90,500 and $91,350 as the immediate hurdles to clear for a sustained move higher.

​Support Levels: If it fails to hold $90k, the next major support zone is cited between $87,200 and $88,000.

​What’s Driving the Price Today?

​Geopolitical De-escalation: Market anxiety peaked earlier this week due to tensions surrounding U.S. interests in Greenland and potential tariffs on European allies. Recent "market-friendly" comments from the World Economic Forum in Davos have helped stabilize risk assets like Bitcoin.

​Bitcoin vs. Gold: Gold has been hitting record highs (near $4,888), causing the Bitcoin-to-gold ratio to drop to its lowest level since late 2023. Some institutional investors are viewing this as an "asymmetric buy signal," suggesting Bitcoin is undervalued relative to the precious metal.

​Institutional Milestones: The crypto sector saw a boost today from the BitGo IPO, which priced above its expected range, signaling that institutional appetite for digital asset companies remains robust despite the choppy price action.