On Thursday, Bitcoin slipped under $69,000 for the first time since Nov. 6, 2024, as analysts highlighted several classic capitulation signals. Heavy losses from short‑term holders, an "extreme fear" reading on sentiment gauges, and Bitcoin’s most oversold RSI levels since the 2022 bear market all suggested that seller exhaustion and a potential price bottom could be approaching. These conditions have historically preceded both short-term weakness and subsequent rebound phases in the BTC market.

On Thursday, Bitcoin slid beneath the $84,000 support that had held since mid‑November 2025, reaching $81,000 as long liquidations totaled about $1.6 billion. On January 30, 2026, the Crypto Fear and Greed Index printed 16, reflecting extreme fear. Analysts highlight the 200‑week SMA near $57,974 and, in a worst case, targets down to $50,000.

BTC’s pre-FOMC push on Wednesday halted at $90,000, keeping price confined to the $86,000–$90,000 band since Jan. 20. Analysts say momentum could improve if $93,000 is reclaimed as support, with resistance clustered near the 50-day and 100-day SMAs at $90,000 and $94,000. ETF flow stability may further aid a break toward $98,000.

Bitcoin hovered below $90,000 on Wednesday as traders awaited the FOMC decision and Jerome Powell's remarks. Market odds favored no rate change, while key BTC support sits at $80,000–$84,000, with potential downside toward $65,500 if that area fails.

Bitcoin fell below $87,000 and reached a five-week low near $86,000, while the Coinbase Premium Index slid to a 12-month trough around -0.17, signaling heavier US sell pressure. Technicals point to a measured downside toward $66,800, with $93,000 now a level to reclaim and US spot ETFs recording about $1.72 billion in five-day outflows.

Ether briefly reclaimed the $3,000 mark but weakening demand and negative spot ETF flows suggest sellers may still be in control. Analysts highlight the $2,800–$3,000 zone, where around 9 million ETH were accumulated, as critical support, warning that a confirmed bear flag breakdown could send price toward $1,850. If this area holds, clustered buy orders and institutional interest could still offer a base for a rebound.

On Jan. 21, Glassnode reported that Bitcoin’s onchain structure remains fragile, with BTC trading between the True Market Mean at $81,100 and the short-term holder cost basis at $98,400. The firm cautioned that a dense supply overhang above $100,000 and a Risk Index reading near the High Risk zone could prolong consolidation, while recent spot Bitcoin ETF outflows of $708.7 million suggest continued institutional de-risking.

Bitcoin holds near the $90,000 support as miner-based Hash Ribbons and the Fear and Greed Index issue buy signals, pointing to improving sentiment. Analysts note a recent crossover in sentiment gauges and a recovery from miner capitulation, while traders watch the $90,000–$92,000 range for confirmation of trend direction.

XRP dropped below $2 after six straight declines, while Bitcoin hit $92,000 and Ether tested $3,000. Despite $1.28 billion in cumulative spot ETF inflows and a six-month high in XRP Ledger transactions, price weakness persisted. The pair now tests support around $1.96, with key levels at $1.80, $1.75, and $1.61.