Bitcoin Market Update and Setup Friday 1/16/2026

Bitcoin and Bitcoin Dominance are both trading indecisively.

For altcoins to regain stronger bullish momentum, we need to see additional weakness in Bitcoin Dominance from the current region. A sustained move below 59.00% would materially improve conditions for altcoin upside.

Bitcoin itself is trading indecisively but remains constructive. It has already produced multiple bullish daily closes above the former $94,000 resistance. A re-test and confirmation of this level as support would strengthen the structure, although such a move is not strictly required.

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