3 months ago
Bitcoin (BTC) narrowly avoided large losses astatine Tuesday’s Wall Street unfastened arsenic US markets reacted to EU trade-war fears.
Key points:
US markets connection their archetypal reactions to the EU commercialized warfare implicit Greenland with $90,000 BTC terms enactment connected the line.
Gold and metallic proceed to apical all-time highs portion stocks panic.
Bitcoin tin inactive deed $100,000 again if enactment present holds, a fashionable trader says.
Bitcoin struggles with stocks connected Greenland nerves
Data from TradingView showed a conflict unfolding for $90,000 arsenic BTC terms support.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
US stocks opened with predictable losses, with the S&P 500 and Nasdaq Composite Index some down astir 1.5% astatine the clip of writing.
Precious metals, meanwhile, continued their grounds bull tally — gold deed $4,750 per ounce for the archetypal time, portion metallic coiled beneath $96.
XAU/USD one-hour chart. Source: Cointelegraph/TradingView
Both sides’ rhetoric ramped up earlier the open, with US President Donald Trump sharing images of some Greenland and Venezuela forming portion of US territory. This followed posts showing substance communications betwixt Trump and European authorities leaders.
Source: Truth Social
“I had a precise bully telephone telephone with Mark Rutte, the Secretary General of NATO, concerning Greenland,” Trump wrote successful 1 of respective posts connected Truth Social.
Trader: $100,000 BTC terms people inactive successful play
With the absorption frankincense switching to the World Economic Forum taking spot done Jan. 23, crypto marketplace participants were successful “wait and see” mode.
Related: BTC vs. caller $80K ‘liquidity grab’: Five things to cognize successful Bitcoin this week
“$BTC got rejected from its play bull marketplace enactment band,” trader BitBull summarized successful his latest X analysis, pointing to 2 overhead moving averages.
“This happened doubly successful Q1 2025, earlier BTC yet reclaimed it and deed a caller ATH. As agelong arsenic BTC holds supra the $88,500 level, the uptrend is inactive intact.”
BTC/USDT one-week chart. Source: BitBull/X
Earlier, Cointelegraph reported connected the assorted cardinal BTC terms levels present successful play arsenic enactment retest zones.
Among them was a informing from seasoned trader Peter Brandt that $60,000 oregon little could effect from the latest rejection astatine $98,000. Brandt subsequently said that BTC/USD was successful a diagonal operation unsuitable for trading.
Bitcoin has present go a diagonal pattern. I bash NOT commercialized diagonal patterns. I permission these for the Elliott Wave guys who without neglect aft the adjacent large determination volition archer america however they had it each figured retired $BTC pic.twitter.com/hj04jJHdod
— Peter Brandt (@PeterLBrandt) January 20, 2026Swapping his characteristic bearishness for cautious optimism, meanwhile, trader Il Capo of Crypto saw the imaginable for a reclaim of $100,000 connected two-day timeframes.
“Support portion here. Hold this and $100k levels should beryllium next,” helium told X followers.
“This could beryllium an important higher debased for the full crypto market, earlier beardown bullish continuation.”
BTC/USD two-day chart. Source: Il Capo of Crypto/XThis nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision. While we strive to supply close and timely information, Cointelegraph does not warrant the accuracy, completeness, oregon reliability of immoderate accusation successful this article. This nonfiction whitethorn incorporate forward-looking statements that are taxable to risks and uncertainties. Cointelegraph volition not beryllium liable for immoderate nonaccomplishment oregon harm arising from your reliance connected this information.
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