ARK Invest Makes $21 Million Crypto Purchase in 2026
- First Trades: On January 23, 2026, ARK Invest executed its first crypto trades, investing over $21 million primarily in shares of Coinbase, Circle, and Bullish, demonstrating ongoing confidence in the crypto market.
- Market Response: Despite the downturn, ARK's transactions have sparked interest in crypto infrastructure stocks, indicating that investor confidence in crypto exchange platforms remains strong, with expectations for future market recovery.
- Long-Term Outlook: ARK's CEO Cathie Wood noted that Bitcoin could test the $80,000 to $90,000 range by 2030, reflecting a bullish outlook on Bitcoin's long-term growth despite current market volatility.
- Market Potential: ARK's investment strategy aligns with projections that the crypto market could reach $28 trillion by 2030, underscoring the company's significant focus on the anticipated economic shifts within the crypto sector.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 30454.51 | 45227.255 | 61054.51 | 75827.255 | 91654.51 | 106427.255 | 122254.51 |
| Fibonacci | 45227.255 | 56916.455 | 64138.055 | 75827.255 | 87516.455 | 94738.055 | 106427.255 |
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