Bitcoin is trading around the $90,000 area while on-chain indicators point to weak U.S. spot demand and ongoing selling from American investors over the past month. Data tied to Coinbase shows a mostly negative Bitcoin Premium Index, with only a brief positive blip during a short move above $94,000 before slipping back. At the same time, global liquidity has been flat in recent weeks, though expectations for looser central bank policy in 2026 are building and could later support Bitcoin.

On January 11, 2026, reports indicated the UAE began government-sponsored Bitcoin mining powered by its natural gas. CZ, founder of Binance, said on social media the country has been mining "for a while." In August 2025, Arkham Intelligence reported roughly 6,300-6,450 BTC worth $700 million were accumulated via state-backed operations through Citadel Mining.

Fidelity's Jurrien Timmer identifies $65k as Bitcoin's critical "line in the sand," with the power-law trendline near $45k if 2026 becomes a consolidation year. On January 10, 2026, David Eng argued bear markets persist as cycles lengthen and volatility eases, adding that compressed readings imply price must catch up.

On Jan. 10, 2026, Michael Saylor echoed Hal Finney's Jan. 11, 2009 Running bitcoin tweet by posting the same phrase on X. Strategy, formerly known as MicroStrategy, holds 673,783 BTC acquired at an average price of $75,024, valued at over $61.16 billion with a 20.98% unrealized gain.

As of early 2026, Bitcoin's weekly RSI sits in the low 30s with price near $80,000, according to the analysis. Two 2025 pullbacks followed bearish divergences, and traders are watching $98,000 (0.382) and $103,000 (0.5) as retest zones, while $91,000–$93,000 may act as a front-run retest if momentum stays weak.

On 11 January 2026, veteran fund manager Larry Lepard argued that subtle Federal Reserve balance-sheet expansion since late 2025 is quietly adding liquidity through reserve management rather than overt quantitative easing. He believes this "gradual print" environment, also described by macro analyst Lyn Alden, could favor scarce assets such as Bitcoin over time as investors seek protection from currency dilution.

Large Bitfinex accounts pared BTC longs after a late-December peak near 73,000 BTC, alongside an estimated 220,000 BTC decline in whale balances through 2025. Bitcoin is holding a tight $88,000–$92,000 band, with $94,000 viewed as near-term resistance. Some analysts map a prior spring-and-rally pattern that could extend toward $135k if confirmed.

On January 9, Bitcoin hovered around $90,700 with 24-hour volume near $12.18 bn as crypto ETFs recorded $343.8 mn in net redemptions. BTC now trades within a tight band between support at roughly $90,000 and resistance at $91,520, forming a symmetrical triangle that could precede either a breakout toward $93,011–$94,800 or a slide toward $89,241–$87,921.