Gold prices surged to an all-time high of $4,640 per ounce in January 2026, marking a fantastic increase of 65% (YoY). Meanwhile, Bitcoin (BTC) has consolidated around $95,242, showing underperformance compared to its traditional 'rivals'.
What is happening?
Pressure on Bitcoin
Bitcoin is facing several significant challenges:
· Large outflows from the BTC spot ETF worth $394.7 million (January 16).
· Institutional investors are reportedly starting to reduce their Bitcoin allocations and shift towards gold.
· Major concerns arise from the threat of quantum computing to the long-term security of digital asset cryptography.
Technical Support & Opportunities
Although sentiment seems heavy, technical indicators are actually showing rare signals that could be potential turning points:
· Bitcoin Bull Score dropped to level 20, indicating extreme pessimism that has historically often preceded recoveries.
· Key support is strongly identified in the range of $85,000 - $95,000.
· "Whales" or large investors remain bullish with a long/short ratio of 3.85 and an average entry price of $93,301.
Strategies for Facing Volatility
BTC is currently facing psychological resistance in the zone of $97,000 - $100,000. A sustained breakout above $100,000 is needed to confirm a bullish trend reversal.
For traders, an accumulation strategy around $93,000 with a stop-loss below $85,000 could be an option to manage risk amid institutional rotation to gold.
Conclusion
The market is witnessing an intriguing battle between traditional safe-haven assets (gold) and new generation digital assets (Bitcoin). Regulatory uncertainty (such as the US GENIUS Act) and geopolitical dynamics are major drivers of institutional fund movement.
Is this the end of the "digital gold" narrative, or just a correction phase before Bitcoin rises again?
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