Bitcoin Holds Steady at $88,000 — Is a Surge to $100,000 Next?

Jakarta, Pintu News – Bitcoin (BTC) is going through a correction phase after the latest drop, but from a market structure point of view, the overall trend still looks positive.

The current price movement resembles a controlled pullback rather than signs of a fall, and this pattern corresponds to the long-term structure that historically often precedes the continuation of an uptrend. So, how will Bitcoin price move today?

Bitcoin Price Drops 0.11% in 24 Hours

On January 28, 2026, Bitcoin was priced at $88,973, equivalent to IDR 1,491,392,362, marking a slight 0.11% correction over the past 24 hours. During that time, BTC hit a low of IDR 1,463,931,728 and a high of IDR 1,499,950,885.

At the time of writing, Bitcoin’s market capitalization is approximately IDR 29,785 trillion, while its 24-hour trading volume has declined by 7% to IDR 740.89 trillion.

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Bitcoin Profits Decline

From a trader’s perspective, the latest price drop looks more like a purge of weak market participants than a panic sell-off. Short-term sellers seem to have started to retreat, while the more patient large market participants have quietly started to reorganize their positions.

This turn often marks the transition from the late-cycle distribution phase to the early accumulation phase, which creates the conditions for a potential upward increase in volatility once liquidity is re-established.

On-chain data reinforces this narrative. Overall network profitability saw a significant shrinkage, with the percentage of Bitcoin supply that was in profit falling from 75.3% to 66.9%. This decline pushed profitability below the historical threshold of around 69.1%, a zone that repeatedly correlates with local price stabilization.

As more holders are in a loss position, selling pressure tends to ease as the incentive to sell at unfavorable prices decreases.

Historically, a drop below this profit threshold often serves as a reset mechanism, allowing prices to form a bottom before impulsively rising again. Although there was a short-term bearish phase that interrupted this pattern recently, the current price level is still much lower than the previous peak.

The behavior of long-term holders further reinforces the positive outlook. The Long-Term Holder Net Unrealized Profit/Loss (LTH NUPL) indicator shows that their profits are shrinking towards levels that have historically changed holder behavior.

When the LTH NUPL falls below 0.60, long-term players usually slow down or stop distribution action, choosing to wait for better conditions. In previous cycles, this change marked the beginning of a re-accumulation phase and a decrease in selling pressure, allowing prices to gradually recover.

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BTC Price Looks Ambitious

From a technical standpoint, Bitcoin price is still within an ascending broadening wedge pattern. The price recently bounced off the lower boundary of this structure and is currently trading around $88,475.

The immediate task for the bullish side is to break the $89,241 level and reclaim the $90,000 psychological level. Price acceptance above $90,000 would be a signal of improved short-term momentum and confirm the strength in this pattern.

If there is a confirmed breakout from this wedge pattern, then the opportunity for higher price targets will open up. A move towards $98,000 is likely to be the first major milestone, followed by a healthy consolidation phase and a pullback to around $95,000 to form a support level. This base is important before a sustained price push towards $100,000.

However, downside risks remain to be watched out for. If selling pressure resurfaces or macro conditions worsen, failure to maintain current levels could push Bitcoin price down below $87,210.

In that scenario, a deeper correction towards $84,698 becomes likely, which would invalidate the bullish scenario and delay the potential breakout.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Bitcoin Price’s Rise To $100,000 Will Warrant A Pit-Stop At This Level. Accessed on January 28, 2026