🔍 Current Price: $94,154.51 (-3.47%)
🔍 BTCUSDT Perp: $94,158.7 (-3.41%)
Bitcoin is showing strong bearish momentum, leaving many traders questioning where the price will land. Could it retest $95K, plunge to $90K, or is a dramatic correction to $40K on the horizon? Let’s analyze the latest movements and uncover what lies ahead.
---
The Chart Speaks Volumes
1️⃣ Lower Highs Confirmed:
Bitcoin's bearish breakout has gained momentum following a decisive lower high. Historically, this signals the possibility of a lower low.
2️⃣ Volume Surge on 7-Jan:
The crash on January 7th saw the highest bearish volume since December 5th. This spike in red volume solidifies bearish control in the short term.
3️⃣ 4H Timeframe Insights:
For over a month, bearish volume has dominated, painting a picture of consistent selling pressure.
4️⃣ Hope Dashed:
While yesterday hinted at a possible recovery, today’s price action invalidates that optimism. The aggressive drop is now a pivotal marker for potential further declines.
---
Key Levels to Watch
$95,000: Immediate resistance.
$92,000 - $90,000: Strong support zone. A break below $90K could trigger sharper declines.
$80,000: Monthly support if $90K is breached.
However, the long-term trend remains uncertain. Bulls could still reclaim control if Bitcoin forms a higher low, maintaining its macro uptrend.
---
Is $40K Realistic?
While a crash to $40K seems unlikely, the current downtrend signals caution. A recovery could occur within days, potentially marking this correction as a false breakdown.
---
Why This Is a Buy Opportunity
Corrections like this often precede major market uptrends. With the 2025 bull market on the horizon, this could be the last chance to accumulate Bitcoin at these levels.
---
Pro Tip for Traders
1️⃣ Stay calm and collected—short-term volatility is a normal part of market cycles.
2️⃣ Consider accumulating positions near $90K support with tight risk management.
3️⃣ Monitor weekly closes—holding above $90K keeps Bitcoin within its broader range of $90K–$100K.
---
#USJoblessClaimsDrop #BinanceAlphaAlert #OnChainLendingSurge #CryptoMarketDip #MicroStrategyAcquiresBTC