Cathie Wood: Bitcoin Set to Resume Uptrend

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 28 2026

BTC+2.552%

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Decreased Selling Pressure: Cathie Wood noted that the selling pressure on Bitcoin has significantly decreased, primarily due to a $28 billion leveraged liquidation event last October, indicating an improvement in market sentiment.
Price Range Prediction: Wood predicts Bitcoin will consolidate between $80,000 and $90,000, suggesting that the market is preparing for a future uptrend while reflecting her confidence in the current bull cycle.
Cycle Analysis: Her assessment aligns with the final phase of the four-year cycle downturn, indicating that Bitcoin will re-enter an upward trend after completing its correction, further solidifying her optimistic outlook on the market.
Market Signals: Wood emphasized that despite current market volatility, the long-term bull market for Bitcoin remains valid, urging investors to pay attention to future price movements and market dynamics.

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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 4 technical signals, shows that 3 indicators are flashing buy, while 1 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 crypto.

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	58271.965	62816.312	66911.305	71455.652	75550.645	80094.992	84189.985
Fibonacci	62816.312	66116.54	68155.424	71455.652	74755.88	76794.764	80094.992

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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