WHAT'S THE WAY FORWARD FOR BITCOIN?
PUMPING OR DUMPING SOON ? FIND OUT HERE:
As of January 27, 2026, Bitcoin ($BTC ) is trading around $87,700 - $88,600 (With a live price of $88,300 at the time of writing) showing signs of consolidation after recent volatility. The cryptocurrency has been under pressure from macroeconomic factors, geopolitical tensions (such as U.S.-Iran issues), and market rotations away from risk assets. This has led to a choppy trading environment, with BTC struggling to reclaim higher levels like $90,000 while defending key supports. Short-Term Price Movement (1-30 D
The Bank of Canada holds steady, on Wednesday, January 28, the main interest rate at 2.25%
The bank states in the Monetary Policy Committee statement that there has been no significant change to the outlooks for the global and Canadian economies compared to the October Monetary Policy Report forecasts. However, these outlooks remain subject to fluctuations in US trade policies and geopolitical risks.
The bank adds: "Economic growth is expected to be modest in the near term, with slowing population growth and Canada's adjustment to US protectionist policies. Projections indicate continued consumer spending and gradual improvement in business investments, supported by fiscal policy."
The bank expects growth of 1.1% in 2026 and 1.5% in 2027, which is largely in line with October forecasts.