Bitcoin sellers took to Wall Street to push BTC price below $90,000, but a six-figure price goal remained in play.
Bitcoin (BTC) narrowly avoided big losses on the open on Wall Street on Tuesday as U.S. markets reacted to fears of an EU trade war.
Key points:
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US markets are reacting to the EU trade war over Greenland for the primary time, with BTC price support at $90,000 on the road.
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Gold and silver proceed to hit all-time highs as stocks panic.
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A well-liked trader says Bitcoin can still reach $100,000 if support here holds.
Bitcoin struggles with stocks which can be bothering Greenland
Data from TradingView showed that a fight was unfolding around $90,000 as BTC price support.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
US stocks opened with predictable losses, with the S&P 500 and Nasdaq Composite Index each down around 1.5% on the time of writing.
Meanwhile, precious metals continued their record-breaking upward trend – gold hit $4,750 an oz for the primary time, while silver fell below $96.
XAU/USD one-hour chart. Source: Cointelegraph/TradingView
Rhetoric from each side increased before the opening as US President Donald Trump shared images of Greenland and Venezuela as a part of US territory. This followed posts showing text communications between Trump and European leaders.
Source: Truth Social
“I had a excellent phone conversation with Mark Rutte, Secretary General of NATO, regarding Greenland,” Trump wrote in considered one of several posts on Truth Social.
“I even have agreed to a gathering of the assorted parties in Davos, Switzerland.”
Trader: The BTC price goal of $100,000 stays in place
With the main target thus shifting to the World Economic Forum, which is able to happen until January 23, crypto market participants have been in “wait and see” mode.
“$BTC has been rejected from its weekly bull market support band,” trader BitBull summarized in its latest X evaluation, citing two overhead moving averages.
“This happened twice in the primary quarter of 2025 before BTC finally reclaimed it and set a brand new ATH. As long as BTC stays above the $88,500 level, the uptrend continues to be intact.” 
BTC/USDT weekly chart. Source: BitBull/X
Previously, Cointelegraph reported on the assorted key BTC price levels currently in play as support retest zones.
Among them was a warning from veteran trader Peter Brandt that the recent rejection at $98,000 may lead to $60,000 or lower. Brandt subsequently said that BTC/USD is in a diagonal structure that’s unsuitable for trading.
Bitcoin has now develop into a diagonal pattern. I do NOT trade diagonal patterns. I'll leave that to the parents at Elliott Wave, who will certainly tell us how they figured all of it out after the following big move $BTC pic.twitter.com/hj04jJHdod
– Peter Brandt (@PeterLBrandt) January 20, 2026
Trading his signature pessimistic sentiment for cautious optimism, Crypto trader Il Capo saw the potential for a reclaim of $100,000 inside two days.
“This is where the support zone is. Hold this position and next thing you recognize ought to be $100,000,” he told X followers.
“This may very well be a vital higher low for the general crypto market before the strong uptrend continues.” 
BTC/USD two-day chart. Source: Il Capo from Crypto/X
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