Bitcoin traded at $82,699 on Saturday, Jan. 31, 2026, as the market struggled to regain confidence after a sharp recent decline.
The cryptocurrency moved within a 24-hour range of $81,953 to $84,367, reflecting heightened volatility but limited directional conviction.
Market capitalisation hovered around $1.65 trillion, keeping bitcoin just outside the ranks of the world’s most valuable global assets.
Daily trading volume reached $53.64 billion, signalling active participation but a lack of decisive bullish momentum.
Analysts noted that price action remains fragile following a rejection near the $97,900 level earlier this month.
The rejection formed a clear lower high on the daily chart, reinforcing a broader bearish-to-neutral market structure.
Selling pressure intensified as bitcoin broke below a key consolidation zone on increasing red volume.
A downside wick near $81,040 has emerged as a critical swing support level watched closely by traders.
Failure to reclaim the $88,500 to $90,000 range has left the broader trend without confirmation of a reversal.