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Today Technical Analysis: Bitcoin Sell-off Accelerates as Prices Slide Toward the $85,000 Zone

January 26, 2026, 08:24

Bitcoin Sell-off Accelerates as Prices Slide Toward the $85,000 Zone

Gold Technical Analysis

Gold continues to demonstrate exceptional strength, extending its bullish trend and trading above the psychologically important $5,000 level. The structure remains bullish, with a clear formation of higher highs and higher lows.

Price is trading well above the three moving averages, M(5), MA(10), and MA(30), which are aligned and sloping upward. The moving averages are acting as dynamic support.

MACD is well above the zero line, and it is signaling accelerating bullish momentum. As long as gold holds above the $4,950–$4,900 region, the overall trend remains bullish.

Gold 4H Chart

Gold 4H Chart 26-1-2026
Resistance$5,100$5,120$5,155
Support$4,985$4,957$4,913

Nasdaq Technical Analysis

On the 4-hour timeframe, Nasdaq-100 is attempting to stabilize after a corrective decline from the 25,900 area. The index previously failed to sustain momentum near that high, leading to a sharp pullback that found support around 24,900. This level acted as a strong demand zone, from which price rebounded aggressively.

Recently, the index has reclaimed the short moving averages, while the 30-period moving average is still slightly above price and flattening. Maintaining that level would strengthen the case for a continuation toward the 25,900 highs, while rejection would signal that the current move is merely a corrective bounce.

MACD has crossed above the signal line, indicating that bearish momentum has faded and bullish momentum is gradually building. However, the MACD remains close to the zero line, highlighting that momentum is still developing.

Nasdaq 4H Chart

Nasdaq 4H Chart 26-1-2026
Resistance25,63825,71225,790
Support25,34225,25525,103

Bitcoin Technical Analysis

Bitcoin remains weak in the short term as seen on the 4-hour timeframe despite the recent rebound from the $86,000–$87,000 area.

Price is still trading below the 30-period moving average, which continues to slope downward and act as dynamic resistance. Although the short term moving averages MA(5) and MA(10) have turned slightly higher, they remain below the 30-period average. For a meaningful structural change, Bitcoin would need to reclaim and hold above the $90,500–$92,000 zone.

MACD behavior supports this cautious view. While the indicator has started to rise from deeply negative levels and the histogram has contracted, it remains below the zero line. This suggests that downside momentum is weakening but not yet replaced by sustained bullish momentum.

Bitcoin 4H Chart

Bitcoin 4H Chart 26-1-2026
Resistance$88,469$89,175$91,122
Support$87,176$85,987$83,120
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