NewsBTC
Jan 28, 2026
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BULLISH 📈 : Bitcoin price rises above $88,000 amid recovery wave

Bitcoin's price is experiencing a recovery wave, moving above the $88,000 mark and trading above $88,500. It is currently positioned above the 100 hourly simple moving average.

  • A rising channel is forming with resistance at $89,600 on the BTC/USD hourly chart.
  • If Bitcoin surpasses $89,600, it might reach $90,000, which is close to the 76.4% Fib retracement level.
  • A successful break above $90,000 could potentially push the price toward $91,200 or higher, with further resistance at $92,000 and $92,500.

Bitcoin Price

  • If Bitcoin fails to clear the $89,600 resistance, it may decline again.
  • Immediate support levels are at $88,800 and $88,500, with further support around $87,600 and the main support at $86,000.

Technical indicators:

  • Hourly MACD is gaining pace in the bullish zone.
  • Hourly RSI for BTC/USD is above 50.