Bitcoin buy signals emerge above $90,000, with $90,000 marked as key support

Bitcoin hovered above $90,000 on Jan. 20 as multiple on-chain and sentiment gauges flashed buy signals, Cointelegraph reports. The Hash Ribbons metric, based on hashrate's 30-day and 60-day moving averages, indicated miner capitulation is ending and a recovery is underway, with Capriole Investments describing the current band as a long-term buying opportunity and On-Chain Mind calling the reading among the strongest on record. CryptoQuant said the Fear and Greed Index saw its 30-day average cross above the 90-day in a "golden cross", a pattern that typically follows extended fear and has historically preceded several weeks of gains. Analysis marked $90,000 as key support, with BTC trading in a $90,000–$92,000 range that aligns with the 4-hour 200 moving average; a weekly break below $90,000 could target $80,000–$85,000, with next support near $74,500 and the 200-week moving average.