Bitcoin ($BTC ) is showing a recovery today 27th Jan, currently trading near $88,700, after a brief dip to the $86,000 range earlier this week.
The primary driver today is a massive show of institutional confidence. Strategy Inc. (MSTR) confirmed it purchased an additional $264 million of Bitcoin during the recent market downturn.
#Bitcoin is benefiting from LSE Listings ๐ฌ๐ง. BlackRock (iShares) has officially admitted nearly 1 million new Bitcoin ETP securities to the London Stock Exchange (LSE) today.
Gold vs. Cryptoโ๏ธ
With Gold hitting record highs above $5,000/oz this week, some portfolio managers are rebalancing. High stock valuations and "overbought" gold signals are leading some funds to rotate capital back into "Digital Gold" (Bitcoin), which is currently trading ~30% below its October 2025 all-time high of $126,000.
๐ Technical Levels to Watch:
Resistance: $90,500. This is the key "breakout" level for the week. If BTC closes a daily candle above this, the path to $95,000 opens up.
Support: $87,000. As long as we stay above this "reclaimed" floor, the short-term trend remains bullish.
