Bitcoin Sinks to $82K; Stuck Below 50-Day EMA as Gold and Dollar Outshine

Jakarta, Pintu News – Bitcoin (BTC) price briefly traded at around $88,200 after failing to break the $89,000 resistance zone for the third time this month on January 29. This movement came after the dollar rallied sharply and gold prices continued to show strength, even breaking $5,500 per ounce earlier this week.

BTC is still about 30 percent below its October peak, while precious metals and stocks are near record highs. So, how will Bitcoin price move today?

Bitcoin Price Drops 6.37% in 24 Hours

As of January 30, 2026, Bitcoin was trading at $82,082, equivalent to approximately IDR 1,384,902,615—marking a 6.37% decline over the past 24 hours. During this period, BTC hit a low of IDR 1,374,042,926 and reached a high of IDR 1,485,661,290.

At the time of writing, Bitcoin’s market capitalization is around IDR 27,485 trillion, while its 24-hour trading volume has surged by 74%, reaching IDR 1,374 trillion.

Read also: Arthur Hayes: “The direction of Bitcoin is determined by central banks, not crypto hype!”

Strengthening Dollar and Gold Rally Cast a Shadow on Crypto Assets

The current macroeconomic backdrop has become less favorable for risky assets. Finance Minister Scott Bessent reiterated the strong dollar policy on Wednesday, which triggered the biggest one-session jump in the dollar index since last November.

This comes after the Federal Reserve kept interest rates on hold, signaling caution before making further cuts. The combination of a stronger dollar and record gold prices has attracted capital to traditional safe haven assets, leaving Bitcoin marginalized.

Analysts note that BTC still trades like a high-beta risk asset, not as a macro hedge. While gold surged 15 percent and silver rose 30 percent as the dollar weakened earlier this month, Bitcoin showed no significant participation in the rotation.

Spot Outflow Affirms Distribution Pattern

Flow data from exchanges reinforced the cautious sentiment. Coinglass recorded a net outflow of $80.24 million on January 29, extending its steady distribution pattern throughout January.

When spot flows turn negative in the middle of a consolidation phase, it usually signals that asset holders are reducing exposure, not adding. The lack of inflows despite the price stabilizing around $88,000 suggests that buyers are still hesitant to enter before major resistance is broken.

Read also: 5 Reasons Why Bitcoin Price Could Plummet This Week

EMA Cluster Limits Upside as Structure Weakens

On the daily chart, Bitcoin is trading below all the major exponential moving averages (EMAs). The 20-day EMA is at $90,073, the 50-day EMA at $91,134, the 100-day EMA at $94,550, and the 200-day EMA at $98,327. These lines of resistance create an upper limit that buyers haven’t managed to break since early January.

The Supertrend indicator also still shows a bearish signal at $94,850, confirming the overall downward trend. The price movement shows repeated rejection around $89,000, where this psychological resistance level coincides with the 50-day EMA zone.

The uptrend line from December’s low around $85,000 has been a support during January. This structure is still holding, but the narrowing range between the trendline support and EMA resistance suggests that the direction of the move will soon be determined in the next few sessions.

Intraday Momentum Struggles to Strengthen

On the 30-minute chart, Bitcoin is trading near the session VWAP at $88,228 after dropping from the upper band at $88,601. The RSI indicator is at 40.48, reflecting momentum that is starting to weaken after an early session attempt to break $89,000.

The lower band of the VWAP at $87.855 is the immediate support. If this level is broken, the price could potentially test the uptrend line around $87,500, which is an important area for the bulls to maintain the short-term structure.

Intraday price action shows a lower high pattern since the January 28 peak at $90,000, reinforcing the sellers’ dominance in the short-term direction until buyers are able to reclaim the $89,000 zone with conviction.

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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:

• CoinEdition. Bitcoin Price Prediction: BTC Stuck Below 50 Day EMA as Gold Rally & Dollar Strength Drain Momentum. Accessed on January 30, 2026