Jan 27, 2026
2 0
BEARISH 📉 : Bitcoin declines after $98,000 resistance rejection, eyes $75,000 support
Bitcoin has maintained its bearish trend after being rejected near $98,000, indicating strong seller control. Key resistance levels are holding, and momentum is decreasing, leading traders to consider potential further declines.
Bearish Market Structure
- Crypto analyst Crypto Patel noted a firm rejection at the $94,000–$98,000 neckline resistance.
- This rejection confirms a failed Head and Shoulders pattern, followed by a bear-flag breakdown.
- The price remains below key resistance, reinforcing the bearish outlook.
- If Bitcoin stays below this neckline, it may slide toward the $75,000–$70,000 support region, a potential 22% decline.
- A bullish shift requires a strong reclaim above $92,000; otherwise, any rallies may be short-lived.
Critical Levels for Potential Short Squeeze
- Analyst Ardi identified $89,000 as a critical level for momentum shifts.
- A break above $89,000 could trigger short-squeeze conditions.
- $90,300 is the primary level for bullish control, potentially moving prices to the $92,000 liquidity band.
- Liquidity near $86,000 has been taken, shifting focus to overcoming resistance for a sharper upside reaction.
