CRYPTO MARKET UPDATE: January 12, 2026
Current Market Snapshot
Bitcoin is trading at around $91,700 today, showing resilience after recent volatility. The market appears to be in a consolidation phase, stuck between key levels as traders assess the next big move.
Is It Bullish or Bearish ?
The sentiment is "cautiously neutral to slightly bullish".
Here's why:
•
$BTC recently broke above $90,000 resistance and touched $94,588 before pulling back
• The MACD indicator shows positive momentum with the MACD line above the signal line, suggesting potential upside
• Technical analysis shows 7 bullish signals versus 22 bearish signals, indicating mixed sentiment
Next 24 Hours: What to Expect
Key resistance: $94,854 is the critical level to watch - a break above could trigger the next bullish phase
Support levels: $90,494 and $90,028 provide immediate support, with strong support at $89,682
The market is consolidating with low trading volume. A breakout in either direction could happen, but Bitcoin continues to trade sideways between $84,000 to $94,500.
The Verdict: Neutral leaning slightly bullish. Watch for a break above $94,850 for upside momentum or below $90,000 for potential downside. The next 24 hours will likely see continued range-bound trading unless major news catalysts emerge.
$BTC $SOL #MarketSentimentToday #AzanTrades #Binance