Bitcoin ($BTC ) is currently trading around $89,000 USD amid short-term volatility, with recent gains but a bearish sentiment indicated by a Fear & Greed Index of 29.Over the last 30 days, it has seen 43-47% green days and about 2.8% volatility, following a 10.72% rise in the past month.

✔️Current Status

BTC hovers near $88,972-$89,577, down slightly today but up 1.21% over the last week. Technical indicators show mixed signals, with bearish sentiment dominating despite optimistic short-term forecasts predicting a rise to $89,260 by January 30.Recent PerformanceIn January 2026, BTC peaked near $97,000 early in the month before correcting to the mid-$80,000s, reflecting broader market caution.Over six months, it's up 17.24%, buoyed by long-term bullish trends.

✔️Short-Term Outlook

Analysts forecast BTC climbing to $90,000+ soon, potentially testing $100,000 later in 2026, though predictions vary widely from $75,000 to $225,000. Volatility persists with 13/30 green days recently.