Lighted object over the Talkeetna Mountain Range near Hatcher Pass.At approximately 08:05 on Saturday January 31st 2015, looking out our kitchen window we noticed a sphere with an oscillating white light, like a light inside a bubble, hovering over, but beyond, Bald Mountain Ridge, west of Government Peak. The sphere maintained a constant altitude while it slowly moved in an eastward direction. At approximately 08:22 the sphere began to descend and at approximately 08:25 the sphere went out of sight somewhere behind Bald Mountain Ridge.