Bitcoin pressured by geopolitics, Greenland and Japan

The price of the largest digital currency is once again under pressure due to the negativity in the stock markets and the geopolitical tension surrounding Greenland. Trump threatened to impose a 200% tariff on French champagne.

News from Japan, where the government is calling for new elections and bond markets are experiencing unusual jumps, is also not exactly encouraging for investors risk appetite.

Since mid-December of last year, when Bitcoin fell below its support line and traded at $81,000, the largest digital currency has been trapped in a wide trading band between a floor of $80,000 and a ceiling of $100,000. Every time it touches either end, it moves in the opposite direction. This movement has now lasted a month and is making long-term Bitcoin investors quite nervous.

Bitcoin has now become a diagonal pattern. I do NOT trade diagonal patterns. I leave these for the Elliott Wave guys who without fail after the next big move will tell us how they had it all figured out $BTC pic.twitter.com/hj04jJHdod

— Peter Brandt (@PeterLBrandt) January 20, 2026

According to chart reader Peter Brandt, this makes Bitcoin’s future highly uncertain. Geopolitical decisions (which could be made as early as today in Davos) could likely trigger a breakthrough either to the up- or downside.

Monero and Dash

If a solution for Greenland emerges, things could move quickly. Privacy coins like Monero and Dash, in particular, could benefit and rise sharply. They looked very bullish in the first two weeks of the year but were then buoyed by Trump’s comments about Greenland.