BTCUSD Today: January 23 Tariff Retreat Fuels Crypto Rebound
Bitcoin price today is firmer after policy headlines eased pressure on risk assets. Former President Trump backed off proposed Greenland tariffs on January 22, helping sentiment across crypto. BTCUSD stabilized near the $90,000 area, while ETHUSD reclaimed $3,000 intraday. We review key price levels, technical signals, and what US investors should watch next. Our aim is clear: turn today’s macro shift into a practical trading plan with tight risk and defined targets.
Macro Relief Lifts Digital Assets
Bitcoin price today benefited as tariff risk faded. Markets dislike uncertainty, and the Greenland tariff talk had weighed on liquidity and appetite for volatility. With that threat removed, dip buyers returned and short covering followed. Coverage highlighted the shift in tone for BTC and ETH after the retreat source.
The crypto market rebound often aligns with a firmer tone in broader risk assets. When policy uncertainty falls, correlations with growth stocks can tighten. That helps Bitcoin price today hold higher ranges as traders rotate back into beta. While correlations vary over time, a calmer policy backdrop can lower volatility spikes and improve depth on US dollar pairs.
Spot Moves: BTC and ETH Levels We Track
Bitcoin price today sits near recent averages. For reference, BTC traded between $88,408.65 and $90,273.35 in a recent session, with a 50-day average of $90,220.15 and a 200-day average of $105,438.91. RSI at 48.91 is neutral, suggesting balance between buyers and sellers. A sustained close above the mid-$90,000s could open a run toward the upper Bollinger band at $93,209.41.
The crypto market rebound firmed as Ethereum price retook the $3,000 mark intraday, with a recent high at $3,035.84 before easing to $2,949.36. The Block reported ETH’s reclaim alongside the tariff retreat source. ETH’s 50-day average is $3,081.51 and 200-day is $3,667.38. MFI at 61.91 signals healthy demand on up moves.
Technical Picture: Momentum and Volatility
Bitcoin price today shows improving momentum. MACD at -245.82 versus a -967.46 signal gives a positive histogram of 721.64, hinting at stabilization. ADX at 25.89 points to a firm trend, while Stochastic %K at 54.73 and %D at 68.50 indicate room for upside if buyers press. We prefer confirmation with a close above the 50-day average.
ATR near 3,252.65 reflects wide intraday swings in BTC, so position sizing matters. Bollinger bands for BTC sit at $84,208.69 to $93,209.41, framing today’s playbook. For ETH, ATR is 149.39, with bands from $2,771.08 to $3,245.91. Traders can plan entries near midlines and manage exits near bands while watching tape speed.
Strategy for US Investors
For Bitcoin price today, we watch the $90,000 area and the 50-day average at $90,220.15 as near-term pivots. For Ethereum price, $3,000 and the $3,081.51 average are key. Use tight stops under recent lows, avoid oversized positions in high volatility, and scale entries to dampen noise during headline-driven sessions.
Policy headlines remain a driver after the Trump tariff retreat. We will track any trade rhetoric shifts and their effect on dollar liquidity. Also watch funding rates, on-chain flows, and spot order book depth around $90,000 for BTC and $3,000 for ETH. Clear acceptance above these zones would support follow-through buying.
Final Thoughts
Bitcoin price today is steadier as a tariff headwind faded, giving traders permission to add risk. BTC’s neutral RSI and tightening gap to its 50-day average set a simple plan: look for acceptance above $90,220 for momentum continuation, or fade into the upper band if rallies stall. ETH’s reclaim of $3,000 improves breadth across majors, with demand signals supporting dips. Keep sizes modest given ATR readings, and use clear invalidation below recent session lows. The day’s takeaway is simple: macro easing plus improving technicals favors a buy-the-dip bias, but only with disciplined stops and measured targets that respect volatility.
FAQs
Why is the Bitcoin price today higher?
Reports said former President Trump backed off proposed Greenland tariffs, easing a macro overhang that had cooled risk appetite. With that policy risk reduced, buyers returned, short covering kicked in, and liquidity improved, helping Bitcoin stabilize near key averages and supporting a broader crypto market rebound.
What levels matter most for Bitcoin right now?
We watch the $90,000 area, the 50-day average at $90,220.15, and Bollinger resistance near $93,209.41. A daily close above the 50-day average would signal momentum, while a break below recent lows near $88,408.65 would warn that sellers are back in control.
How is Ethereum price reacting to the rebound?
Ethereum price reclaimed $3,000 intraday, with momentum supported by a Money Flow Index near 61. That strength aligns with improving risk tone. We track the 50-day average at $3,081.51 and Bollinger midline near $3,008.50 as guides for trend continuation or potential fade setups.
Is this crypto bounce sustainable?
It can be if policy risk stays calm and price holds above key averages. For Bitcoin, watch acceptance above $90,220. For Ethereum, $3,000 to $3,082 is important. Rising volume on up days and stable funding rates would confirm, while sharp reversals at band tops would argue for caution.
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.
