Jan 21, 2026
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Bitcoin Drops Below $90,000 Amid Bear Market Concerns and Volatility
Bitcoin Market Analysis
- Bitcoin recently fell below the $90,000 mark, raising concerns about a potential bear market.
- Market analyst Raun Neuner suggests Bitcoin might decline to approximately $37,000 if historical trends continue.
- Historically, Bitcoin peaks around 532 days post-Halving, with significant declines of 70-80% following these peaks.
- The current cycle's peak was estimated at $125,000 in early October.
Market Dynamics and Influences
- Global bond and equity market volatility, coupled with geopolitical tensions, contributed to Bitcoin's recent price drop.
- Walter Bloomberg notes macroeconomic factors like President Trump's tariff threats and Japan's fiscal policies as contributors to instability.
- Investors have shifted towards safe-haven assets such as gold, which has reached over $4,700.
Bitcoin Support Levels
- Immediate support levels for Bitcoin are identified between $84,000 and $85,000.
- If Bitcoin fails to maintain these levels, fears of a deep bear market could intensify.
