Kategorie: Bitcoin News

• Bitcoin (BTC) is showing early buy signals amid an ongoing correction near $69,500.
• The key support levels at $65,800 and $60,100 attract dip buyers.
• A break above $74,500 could trigger renewed bullish momentum.

Bitcoin has been in a volatile state over the past month, with prices hovering near $69,500.

The cryptocurrency has faced a 23.2% drop over the last month, signalling a deeper correction in progress.

Despite the decline, recent market activity suggests early buy signals are starting to emerge.

Bitcoin price trapped in a sideways phase

BTC is currently trading in a sideways range between $62,800 and $78,900 over the past seven days.

This range indicates indecision among traders, with neither bulls nor bears fully controlling the market.

Analyst Doctor Profit warn that this sideways phase could be a trap, potentially leading to a deeper drop toward $44,000–$50,000.

However, this view is balanced by macroeconomic developments that may provide temporary support for Bitcoin.

The recent rebound above $70,000 came after a short squeeze pushed BTC higher, liquidating over $245 million in positions.

This shows that buying pressure still exists, particularly from opportunistic traders looking to enter at perceived lows.

Liquidity remains relatively strong, with 24-hour trading volume exceeding $46 billion, suggesting continued investor participation.

Bitcoin technical outlook: the buy signals

From a technical standpoint, Bitcoin remains capped below key resistance at $69,000–$69,500.

Breaking above this level is essential for bulls to regain control of short-term momentum.

On the flip side, the support levels at $65,800 and $60,100 provide clear thresholds where buyers may step in.

Recent dip buying indicates that some traders are accumulating Bitcoin during the correction.

Notably, the reset of leveraged positions in derivatives markets points to reduced short-term selling pressure.

Meanwhile, macro factors such as strong US economic data and Federal Reserve liquidity injections provide additional tailwinds.

Political events like Japan’s election have also lifted global risk appetite, indirectly supporting BTC and other risk assets.

Historical trends show that Bitcoin often experiences deep corrections after major rallies, making the current slump consistent with past market cycles.

The all-time high of $126,080, reached in October 2025, remains distant, but the current consolidation may offer opportunities for medium-term accumulation.

Analysts emphasise that patience is critical, as further volatility is expected before a sustained uptrend emerges.

Bulls should watch these key technical zones carefully, knowing that a breakout above $74,500 could signal renewed upward momentum.

Conversely, a fall below $65,800 could intensify selling and extend the correction phase.

Overall, the market is balancing between lingering bearish pressure and emerging buying interest, creating a cautious but potentially rewarding environment.

Investors with a longer-term perspective may view current prices as an entry point amid market-wide corrections.

Short-term traders should remain alert to both upside breakouts and downside risks in the coming weeks.

The post Bitcoin price outlook: buy signals appear amid deep BTC correction appeared first on CoinJournal.

• Bitcoin fell below $85,000 and touched a low of $84,250.
• CoinGlass data shows total liquidations hit $804 million over the past 24 hours.
• The crash happened as gold fell from its peak above $5,500 on Thursday.

Cryptocurrency markets saw a sharp risk-off move on Thursday, with Bitcoin sliding to a low of $84,250.

The sell-off swept through major tokens, sending shockwaves across the crypto derivatives market.

Long positions bore the brunt of the move, as the drop pushed total liquidations over the past 24 hours above $800 million.

The downturn coincided with an abrupt reversal in gold prices, with the metal retreating from recent highs above $5,500.

Analysts cited mounting macroeconomic and geopolitical tensions as key drivers of the sudden shift in sentiment.

Bitcoin tanks as gold sheds gains

Bitcoin has struggled to reclaim the $90,000 support level, with a brief move toward that mark fading as gold surged.

During Asian and early European trading on January 29, the cryptocurrency began a steady decline, slipping below $88,000.

Selling accelerated as the US session opened, with Bitcoin sliding on above-average trading volumes.

The sell-off pushed the benchmark asset to an intraday low near $84,000, its weakest level since December 2025.

The same area had seen a bearish retest in November, a move that may have prompted at least one large holder to sell roughly 200 BTC.

Over the past 24 hours, Bitcoin was down about 5%.

The broader market sell-off dragged Ethereum to around $2,800, XRP to $1.79, and Solana below $120.

Crypto investor Ted wrote on X that the latest drop has left Bitcoin trading near a critical technical level.

$BTC is now back into its strong support zone.

Nearly $140,000,000 in spot bids have been placed between the $80,000-$84,000 level.

If this zone is lost, Bitcoin will go straight to April 2025 lows. pic.twitter.com/QBbW294Rc0

— Ted (@TedPillows) January 29, 2026

The Bitcoin sell-off unfolded amid a broader shift to risk aversion across global markets.

Equities moved lower, led by a sharp decline in Microsoft shares, while investors also reacted to a sudden reversal in precious metals.

Gold, which had climbed to a record high above $5,500 an ounce earlier on Thursday, reversed course and fell toward $5,300. Silver also retreated sharply from recent highs.

Analysts said the move reflects a mix of macroeconomic pressures and heightened geopolitical risks, including rising tensions between the United States and Iran.

The Federal Reserve’s decision to hold interest rates on Wednesday, alongside guidance suggesting rate cuts may be delayed until late 2026, further weighed on risk assets, prompting investors to favour short-term cash positions over digital assets or traditional safe havens.

Over $800 million was wiped out amid a surge in derivatives liquidations

Bitcoin’s sharp decline was mirrored in the derivatives market, where leveraged positions were unwound aggressively.

Data from crypto analytics platform Coinglass show that more than $800 million in positions across spot and futures markets were liquidated over the past 24 hours, with the bulk of losses borne by long traders.

Bitcoin alone accounted for $332 million in liquidations during the period, of which more than $318 million were long positions, according to the data.

While the scale of the sell-off and liquidations was smaller than the market dislocation seen on October 10, 2025, analysts say the episode underscores ongoing fragility in market positioning.

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• The company lifted its 2025 operating income guidance to $40 million.
• A non-cash Bitcoin impairment of $680 million to $700 million is expected for 2025.
• Metaplanet projected a $632 million ordinary loss and $491 million net loss for 2025.

Metaplanet, a Tokyo-listed Bitcoin treasury company, has raised its revenue and operating income forecasts for 2025 and issued much higher guidance for 2026, even as it flagged a large non-cash Bitcoin write-down that is set to dominate its annual results.

In a notice released on Monday, the company said its Bitcoin income generation business is expected to deliver stronger-than-expected performance, particularly in the final quarter of the year.

However, Metaplanet also projected a steep ordinary loss and net loss for 2025, driven largely by accounting adjustments tied to Bitcoin’s valuation at year-end.

The company is scheduled to file its full-year results on Feb. 16.

Revenue upgrade driven by Bitcoin income generation

Metaplanet said it now expects 2025 revenue of 8.905 billion Japanese yen, or around $58 million, based on its updated guidance.

The company also raised its operating income forecast to $40 million, signalling improved performance at the operating level despite broader market volatility affecting its holdings.

Management said Q4 2025 revenue from its Bitcoin income generation business “is expected to significantly exceed initial projections,” which led it to lift full-year revenue guidance for that segment to about $55 million.

That compares with around $40 million previously announced, showing a sharp upgrade in the contribution from its Bitcoin-linked revenue stream.

Large impairment set to drive headline loss

Even with the stronger operating forecasts, Metaplanet expects to report a deep annual loss for 2025.

The company projected an ordinary loss of $632 million and a net loss of $491 million. These figures are largely attributed to a Bitcoin impairment loss estimated at roughly $680 million to $700 million, which is expected to be recognised in its year-end reporting.

Metaplanet explained that the impairment is a “non-cash accounting adjustment reflecting period-end price fluctuations” and said it has no direct impact on its cash flows or day-to-day operations.

The notice linked the impairment to quarter-end mark-to-market accounting treatment and referenced Bitcoin holdings valued at year-end prices, with Bitcoin shown at $87,876 in the disclosure.

BTC holdings and treasury metrics expand sharply

Metaplanet also reported rapid growth in its Bitcoin treasury business during 2025, underlining how the company has built up its exposure to Bitcoin while developing income generation activities around its holdings.

BTC holdings rose from 1,762 BTC at the end of 2024 to 35,102 BTC at the end of 2025, showing a significant increase in the company’s balance sheet allocation.

It also reported BTC yield per diluted share of 568% for the year. The company uses this metric to measure how much Bitcoin backing each diluted share has increased, offering a per-share view of its Bitcoin accumulation.

While the impairment is expected to weigh heavily on reported net results, Metaplanet’s updated figures suggest it is still expanding its treasury position and Bitcoin-linked operations at a pace.

2026 guidance rises but earnings remain uncertain

For 2026, Metaplanet forecast revenue of around $103 million and operating income of $73 million, representing a sharp step up from its 2025 targets.

The company said almost all of its 2026 revenue is expected to come from the Bitcoin income generation business, reinforcing the segment’s central role in its business model.

Metaplanet also projected selling, general and administrative expenses of about $29 million for 2026 as it ramps up operations.

However, it said it will not provide guidance for ordinary income or net income for 2026 due to the difficulty of forecasting Bitcoin prices, signalling that future reported earnings could remain volatile even if operating performance strengthens.

The company added that it publishes daily data on its BTC holdings, unrealised gains and losses, and related metrics, offering investors regular visibility into how price swings affect its treasury position.

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