Bitcoin (BTC) Price 2026
As of 31 January 2026, Bitcoin (BTC) is trading at $83,647.63 with a total market capitalization of approximately $1.67 trillion. On the weekly timeframe, BTC has formed a bullish engulfing candlestick pattern a strong technical signal that indicates renewed buying momentum after a period of consolidation.
This pattern suggests that Bitcoin is poised to resume its upward trend following nearly two weeks of correction and sideways price action. Historically, bullish engulfing formations on higher timeframes often precede sustained rallies reinforcing the current optimistic market structure.
BTC Price Forecast for 2026
Based on historical price behavior and long term trend analysis the following projections outline potential price scenarios for Bitcoin
Minimum Price: $89,305.00
Average Trading Price: $90,469.03
Maximum Price: $91,730.07
With bullish technical confirmation in place market participants may anticipate Bitcoin retesting its recently established all-time high of $126,173. A successful breakout above this level could further validate the continuation of the broader bull market cycle and strengthen long term bullish sentiment.
As always traders and investors are encouraged to combine technical signals with risk management strategies when navigating market volatility.