What price will Bitcoin hit January 26-February 1?

Bitcoin is currently trading near $90,000 as the market enters what analysts at Coinbase and Glassnode describe as a "more stable phase". After a sharp rally from intra-day lows of $87,100 on Tuesday, Bitcoin surged above $89,400, closing the day with strong momentum. This price action comes as the cryptocurrency market shows signs of maturation, with liquidity support holding and investors shifting toward hedging strategies rather than excessive leverage.

Current Situation

Bitcoin is trading approximately 12% lower than its price one year ago, yet corporate accumulation shows no sign of slowing in 2026. Public companies have been quietly growing their Bitcoin holdings despite the year-over-year price decline. Strategy (formerly MicroStrategy) now holds $63 billion in Bitcoin, continuing its aggressive accumulation strategy. In a significant development for mainstream adoption, Steak 'n Shake increased its Bitcoin exposure by an additional $5 million in notional value, deepening its commitment to the cryptocurrency.

The exchange-traded fund (ETF) landscape has also shown resilience. After a five-day streak of outflows totaling $1.7 billion, Bitcoin ETFs recorded a modest $6.8 million in net inflows on Monday, putting an end to the negative trend. This reversal in ETF flows suggests that institutional demand may be stabilizing after a period of profit-taking.

Key Factors

Several critical factors are influencing Bitcoin's price trajectory for the remainder of this week:

Seasonality Patterns: Historical data indicates that February tends to be one of Bitcoin's best performing months. Bitcoin network economist Timothy Peterson has dubbed February the real "Uptober" event, referring to the historically strong performance that often begins in this month. If historical patterns repeat themselves, Bitcoin could see positive momentum as February approaches.

Corporate Treasury Adoption: The steady accumulation of Bitcoin by public companies and corporations continues unabated. Despite trading 12% lower than last year, corporate buyers are viewing current prices as an attractive entry point. This trend of corporate treasury adoption provides a fundamental floor for prices and reduces available supply on the open market.

Market Maturation: Analysis from Coinbase and Glassnode points to Bitcoin entering a more stable market phase. Investors are increasingly using hedging strategies rather than leverage, which could reduce volatility and create a more sustainable price trajectory. This shift in market behavior suggests that the wild price swings of previous cycles may be moderating.

Institutional Infrastructure: The growing infrastructure for Bitcoin investment, including ETF products and custody solutions, continues to mature. The end of the ETF outflow streak and the return to positive inflows indicates that institutional investors remain engaged with the asset class.

Regulatory Developments: South Dakota lawmakers are considering a bill that would permit the state to invest public funds in Bitcoin. While similar legislation was deferred in 2025, the renewed proposal indicates growing interest at the state government level in cryptocurrency adoption. Such developments, even if not immediately successful, signal broader acceptance of Bitcoin as a legitimate asset class.

Prediction

Based on the current market structure and available data, Bitcoin is unlikely to make a significant upward move during the January 26-February 1 period. Several factors support this view:

First, the market is described as being in a "more stable phase," which typically implies consolidation rather than breakout moves. The recent price action showed a sharp rally from $87,100 to above $89,400, but such moves in stable markets often see pullbacks rather than sustained momentum.

Second, Bitcoin is trading 12% lower than one year ago, and corporate accumulation, while steady, has not been sufficient to drive prices back to previous highs. The $6.8 million in ETF inflows, while positive, represents a modest reversal compared to the $1.7 billion in outflows during the preceding five-day streak.

Third, the shift toward hedging strategies over leverage suggests that traders are positioning for stability rather than chasing upside breakouts. This behavioral change typically results in range-bound price action rather than trending moves.

However, the historical seasonal strength in February, which network economist Timothy Peterson highlights, provides a counter-balance to the bearish outlook. If the seasonal pattern begins to manifest early, it could provide support and potentially limit downside during this period.

The prediction expects Bitcoin to remain below current levels by February 1, with consolidation in the $87,000-$89,000 range being the most probable outcome. A break above $90,000 would require significantly stronger catalysts than those currently evident in the market.