NewsBTC
Jan 26, 2026
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Bitcoin Faces Decline Risk With Bears Targeting $85,000 Level

Bitcoin Price Update

  • Bitcoin fell below $88,500, extending losses and attempting consolidation.
  • A minor recovery wave began from the $86,000 level.
  • The price remains under $88,200 and the 100 hourly Simple Moving Average.
  • A bearish trend line with resistance at $88,000 is forming on the BTC/USD hourly chart.

Current Price Action

  • Bitcoin failed to maintain above the $89,000 support, falling beneath $88,500 and $87,000.
  • An attempt is being made to recover from a low of $86,007, moving beyond the 23.6% Fib retracement level from $91,099 to $86,007.
  • If Bitcoin stabilizes above $86,500, a potential increase could occur, facing immediate resistance around $88,000.
  • The first key resistance is near $88,500, aligning with the 50% Fib retracement level.

Bitcoin Price

If Bitcoin surpasses $88,500 resistance, it may test $89,200. Further gains could approach $90,000, with barriers at $91,000 and $91,500.

Potential for More Losses

  • Failure to rise above $88,500 might lead to another decline.
  • Immediate support exists at $86,700, with significant support at $86,200.
  • Further declines could see support levels at $85,500, $83,500, and main support at $82,500.

Technical Indicators:

  • Hourly MACD: Losing pace in the bearish zone.
  • Hourly RSI: Below 50 for BTC/USD.
  • Major Support Levels: $86,700 and $86,000.
  • Major Resistance Levels: $88,500 and $89,200.