Jan 24, 2026
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Bitcoin Miners Enter Recovery Mode as Price Hovers Around $90,000
Bitcoin Price and Miner Health
- Bitcoin's price is currently around $89,830, facing difficulty in breaking the six-figure mark.
- A recent sell-off has put pressure on miners, but a recovery may be underway as indicated by the Miner Financial Health Index (7D-SMA).
- The index tracks the balance between miner revenue and selling pressure. A negative value indicates capitulation; a positive trend suggests recovery.
- The index is showing an upward trend towards neutral, suggesting that miners might recover soon.
Market Conditions and Potential Bitcoin Momentum
- Bitcoin Vector notes potential strength building for a significant move as the market exits a "high-risk environment."
- This transition was last seen in April 2025 before the bull run resumed, indicating a classic momentum bottoming pattern could lead to large rallies.
- A final push lower in price, coupled with an upside momentum boost, is needed for a bullish signal to form.
