On January 22, Bitcoin's price declined by 1.03% and was trading near $88,785, with intraday action showing a false break below local support at $89,974. If the daily candle finishes around or under that level, charts indicate potential downside toward $88,500 and a possible range between $88,000 and $90,000 through the end of the week. Midterm readings also show BTC retreating after a failed move above resistance at $94,652, keeping focus on lower support areas for the rest of the month.

Bitcoin remains in a corrective consolidation after a failed push above the mid-$90,000 area, with price now oscillating around the $90,000 support zone. Key daily support is clustered in the $88,000–$90,000 region, while a decisive close below this band could open a move toward the $80,000 demand area. On shorter timeframes, the $90,000 level is being retested after an intraday dip, and on-chain activity continues to weaken as the 30-day EMA of active addresses sets new lows despite elevated prices.

At Davos on Wednesday, US President Donald Trump said he would not use force to take Greenland and paused tariff plans amid rising tensions. According to the report, Bitcoin rose from about $87,000 to $90,000 that evening, following weeks of declines linked to trade threats and Greenland-related uncertainty.

Bitcoin is trading close to $90,000, holding a support band at $86,000–$89,000 after a pullback from local highs around $95,000. Momentum has cooled, and the Binance leverage ratio is near 0.184, while some market participants are watching potential Bank of Japan actions for a risk-on impulse. BTC is down 7% over the past week with a small daily uptick.

The Netherlands plans to introduce the Wet werkelijk rendement Box 3 system on January 1, 2028, shifting to a tax on actual annual returns for assets including Bitcoin and other cryptocurrencies. Under the proposal, a 36% flat tax will apply to positive net returns above a €1,800 per-person threshold, and losses can be carried forward to offset future gains. The rules would tax both realised profits and unrealised gains, meaning investors may face annual liabilities based on portfolio value changes rather than only on asset sales.

Asset manager Strive has unveiled a $150 million follow-on sale of its Variable Rate Series A Perpetual Preferred Stock to support additional Bitcoin purchases and reduce outstanding debt, while holding about 12,798 BTC as of January 16. The move coincides with what CryptoQuant identifies as a record long-term Bitcoin supply release in 2024–2025 and continued whale accumulation despite elevated leverage and market volatility.

Onchain data from 2024 and 2025 shows that Bitcoin long-term holders with coins dormant for at least two years have revived more supply than in any prior cycle. Analysts note that this wave of selling, which intensified once BTC passed $40,000 and continues into early 2026, differs from the 2017 and 2021 bull markets because it involves significantly older coins and less speculative momentum. They suggest Bitcoin may be entering a new phase marked by a shift in who holds BTC and for what reasons.

On January 22, 2026, SkyBridge Capital founder Anthony Scaramucci said at the World Economic Forum in Davos that he remains cautiously optimistic on Bitcoin and the wider crypto market despite recent volatility. He reiterated a prior projection that Bitcoin could climb to $170,000 by late 2025 and now wants to see the asset revisit the $125,000–$150,000 range, while also expressing a positive view on upcoming US legislation on stablecoins and digital asset classification.