$BTC 📉 Bitcoin Market Analysis: Local Downtrend and Key Support Levels Date: January 31, 2026
Timeframe: 15-Minute (Short-term)
1. Market Overview
The current price of Bitcoin is sitting exactly at $83,000.00. Looking at the 15-minute chart, we can see a clear bearish momentum over the last few hours. After failing to hold the $84,000 level, the price has experienced a sharp decline.
Currently, the price of Bitcoin is at $83,000.00. According to the 15-minute chart, a strong bearish trend has been observed in the market over the last few hours. The price has sharply dropped after failing to hold the support at $84,000.