NewsBTC
Jan 30, 2026
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BEARISH 📉 : Bitcoin drops 10% approaching critical $80,000 support level

  • Bitcoin's price has declined by nearly 10%, falling below the $86,500 mark and potentially testing the $80,000 support zone.
  • A bearish trend line is forming with resistance at $83,200 on the BTC/USD hourly chart.
  • The price is currently trading below $83,200 and the 100 hourly simple moving average.
  • If Bitcoin remains stable above $80,000, it could attempt to rise again. Key resistances are at $82,000 and $83,200.
  • Should Bitcoin close above $83,200, it might test further resistances at $85,000 and $85,700.
  • If unable to breach $83,200, Bitcoin may decline further with immediate supports at $81,000 and $80,500.
  • A drop below $80,000 could lead the price towards $77,000 or even $75,000, challenging recovery prospects.
  • Technical indicators show the MACD gaining pace in a bearish zone and the RSI below the 50 level.

Bitcoin Price