On January 27, 2026, analysts highlighted that the U.S. Dollar Index (DXY) hovering close to 97 is approaching a zone that has previously aligned with strong Bitcoin (BTC) advances. Historical moves where DXY slid below 96 have coincided with Bitcoin surging from about $2,000 to $20,000 in 2017 and from roughly $10,000 to $64,000 in 2020–2021. With BTC now around $87,852.43 and showing mixed short-term performance, traders are closely monitoring whether another dollar breakdown could again reshape Bitcoin's macro backdrop.

A severe US winter storm over the weekend prompted miners to voluntarily cut loads, briefly weakening Bitcoin network capacity. Hashrate slid to about 663 EH/s before recovering toward 854 EH/s, while crews addressed outages and demand spikes. Price hovered near $88,300, and BTCUSD was seen at 87,866 during the turbulence.

On Jan. 26, CoinGlass data showed its Coinbase Bitcoin Premium Index turning sharply negative, signaling that BTC began trading at a growing discount on Coinbase versus Binance. The divergence has emerged alongside more than $1.3 billion in recent US spot Bitcoin ETF outflows, shifting USDT/USD mechanics and tighter derivatives and arbitrage conditions.

On July 12, 2019, Donald Trump wrote that Bitcoin was "based on thin air." By January 27, 2026, the article calculates that a $1,000 purchase made then would be worth $7,730 with BTC at $87,888, a 673% rise and $6,730 profit. It also cites a $4,660 profit by 2021 and notes a recent decline reportedly removed around 25,000 Bitcoin millionaires.

In a January 27 video posted on X, Anthony Pompliano compared Bitcoin’s 16% decline over the past year with sharp gains in gold, silver, copper, and platinum, while BTC has traded in a tight $84,000–$94,000 range since mid-November. He attributed the divergence to changing demand drivers in precious and industrial metals, Wall Street’s growing role in Bitcoin, reduced volatility, fading “chaos hedge” and inflation narratives, and rising competition from AI-related and other speculative assets. At the time of reporting, Bitcoin was priced at $88,131.

On January 27, 2026, large orders clustered around $86,000–$87,000 are supporting BTC, while sell pressure emerges above $90,000. BTC last traded at $88,842.62 after dipping into the $85,000 range, and derivatives open interest is $27B with sentiment at 29 on the fear and greed index.

Bitcoin is trading under $90,000 after repeated failures to clear the $94,000–$98,000 resistance zone, with chart patterns indicating potential downside toward $70,000. Analysts highlight supports at $80,000, $75,000, and $70,000, while a possible moving-average crossover and a rare setup pointing to a fourth consecutive red month are reinforcing bearish sentiment.

Fundstrat managing partner Tom Lee told CNBC's Power Lunch on Monday that Bitcoin and Ethereum may see a strong upside move once the sharp advance in gold and silver cools. He attributed crypto's recent underperformance to industry-wide deleveraging and investor enthusiasm shifting toward precious metals, even as he argued that digital asset fundamentals have improved since October.