BTCUSD Today: January 23 Meme Presales Surge as Bitcoin Nears $90K
BTCUSD today is hovering near $90K as traders chase meme presales, led by APEMARS, and rotate out of majors. As BTCUSD steadies, TRON’s pullback below $0.30 and rising derivatives pressure on Hyperliquid flag higher intraday risk. For Canadian investors, this mix can affect CAD quotes, spreads, and fills across local exchanges. We outline actionable levels, explain the meme coin rally, and share a clear plan to manage volatility and liquidity through the session.
Bitcoin price snapshot and key levels
BTCUSD today trades in a tight but lively band. Intraday range shows $88,408.65 to $90,273.35, with RSI at 48.91 signaling neutral momentum. Average True Range sits at 3,252.65, pointing to wide candles and fast whipsaws. Bollinger Bands span $84,208.69 to $93,209.41 around a $88,709.05 midline, setting clear reference levels for entries and risk.
Price hovers around the 50-day average at $90,220.15, well below the 200-day at $105,438.91. MACD is -245.82 versus a -967.46 signal, with a 721.64 histogram uptick hinting at improving short-term thrust. ADX at 25.89 indicates a firm trend backdrop. Watch the Bollinger mid near $88,709.05 as first support and the upper band at $93,209.41 as initial resistance.
BTCUSD today may quote slightly differently in CAD on domestic platforms due to FX and fees. Expect wider spreads during U.S. data releases and meme coin headlines. Consider using limit orders near the $88,709.05 mid-band and scaling around $84,208.69 to $93,209.41. TSX-listed Bitcoin ETFs can reduce custody risk if you prefer exchange-traded exposure.
Meme presales and APEMARS buzz
Retail flows are tilting toward high-risk presales, with APEMARS drawing attention after an early fundraise that stoked 100x chatter, as noted by Finbold source. BTCUSD today can stall when capital shifts to microcaps. Presales often post sharp paper gains but face unlock risk, thin liquidity, and slippage once tokens list.
A hot presale tape can drain near-term liquidity from BTC and ETH order books. That often increases spread sensitivity, reduces depth, and raises wick risk around stops. For BTCUSD today, that argues for staggered entries, smaller position sizes, and avoiding market orders during presale news windows. Treat presale hype as a volatility signal, not a directional anchor.
TRX pullback and derivatives pressure on Hyperliquid
TRON’s dip under $0.30 adds to the risk-on yet choppy tone, with some analysts highlighting capital rotation toward newer narratives source. BTCUSD today can react in sympathy when alt liquidity tightens. Watch if TRX weakness broadens to high-beta alts, which could spark a brief flight back to BTC and stablecoins.
Reports of supply and derivatives pressure on Hyperliquid point to cautious leverage. Rising exchange balances or softening basis often precede range expansions. For BTCUSD today, monitor funding flips and open interest spikes. If funding drops while price holds the $88,709.05 mid-band, squeezes can follow. If price loses that level on rising OI, expect momentum continuation lower.
Strategy for Canadian investors today
Focus on levels. Use the Bollinger mid at $88,709.05 for pullback entries, with invalidation below $84,208.69. Trim into $93,209.41. Keep size modest while meme presales run hot. For BTCUSD today, avoid chasing green candles. Prefer limit orders, place staggered bids, and let volatility work for you rather than against you.
Use CAD pairs where possible to reduce FX friction and confirm total fees before placing orders. The CRA treats crypto dispositions as taxable events, so log trades. If you want registered-account exposure, consider TSX Bitcoin ETFs. Model projections show $92,791 in one month and $95,894 over a year, but treat these as guides, not guarantees.
Final Thoughts
BTCUSD today sits near $90K while retail attention shifts to meme presales such as APEMARS. That rotation can thin liquidity on majors and raise intraday chop. Our read: respect the Bollinger map, use the $88,709.05 mid-band for decisions, and fade extremes toward $84,208.69 or $93,209.41 with tight risk. TRX weakness and derivatives pressure on Hyperliquid are caution signs, not doom. For Canadian traders, use CAD pairs, prefer limit orders, and keep careful records for tax. Trade small around news spikes, scale in and out, and let the market confirm direction before pressing size.
FAQs
Is BTCUSD today likely to break above $90K and hold?
It can, but conviction needs stronger breadth and cleaner liquidity. A sustained push above the Bollinger upper band at $93,209.41 with rising volume would help. If price instead stalls near $90K and funding softens, expect range trading around the $88,709.05 mid-band.
What key intraday levels should I watch right now?
Use $88,709.05 as the primary pivot. Support is near $84,208.69, while resistance sits around $93,209.41. If price holds above the pivot with stable funding, dips can be bought. If the pivot fails on rising open interest, momentum can extend lower.
How do meme presales like APEMARS affect BTC in the short term?
They often pull retail liquidity into smaller caps, which can widen spreads and reduce order book depth on majors. That can raise stop-out risk on BTC. Treat presale hype as a volatility cue and keep position sizes modest until liquidity normalizes.
What does TRX pullback and Hyperliquid pressure signal for BTC?
TRX slipping below $0.30 suggests rotation stress among alts. Derivatives pressure on Hyperliquid points to cautious leverage. If funding eases while BTC holds key support, short squeezes are possible. If support breaks on rising open interest, expect momentum continuation lower.
Any tips for Canadians managing CAD-USD risk with BTCUSD today?
Trade CAD pairs when possible, or hedge USD exposure if your broker allows it. Compare all-in costs, including FX and withdrawal fees. If you prefer registered accounts, consider TSX Bitcoin ETFs for CAD-denominated exposure, and keep careful records for CRA reporting.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
