{"id":129829,"date":"2026-01-26T02:59:22","date_gmt":"2026-01-26T02:59:22","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=129829"},"modified":"2026-01-26T02:59:22","modified_gmt":"2026-01-26T02:59:22","slug":"bitcoin-price-breakdown-risk-grows-as-bears-aim-for-85k","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=129829","title":{"rendered":"Bitcoin Price Breakdown Risk Grows As Bears Aim For $85K"},"content":{"rendered":"

Bitcoin price extended losses and traded below $88,500. BTC is consolidating losses and might attempt a recovery wave if it clears $88,500.<\/em><\/p>\n

Bitcoin started a minor recovery wave from the $86,000 level.
\nThe price is trading below $88,200 and the 100 hourly Simple moving average.
\nThere is a new bearish trend line forming with resistance at $88,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might recover if it manages to settle above $86,200 and $86,000.<\/p>\n

Bitcoin Price Dips Further<\/h2>\n

Bitcoin price failed to stay above the $89,000 support and extended losses<\/a>. BTC declined sharply below the $88,500 and $87,000 support levels.<\/p>\n

The bears even pushed the price below $86,500. A low was formed at $86,007, and the price is now attempting a recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $91,099 swing high to the $86,007 low.<\/p>\n

Bitcoin is now trading below $88,500 and the 100 hourly Simple moving average<\/a>. If the price remains stable above $86,500, it could attempt a fresh increase. Immediate resistance is near the $88,000 level. There is also a new bearish trend line forming with resistance at $88,000 on the hourly chart of the BTC\/USD pair.<\/p>\n

The first key resistance is near the $88,500 level since it is close to the 50% Fib retracement level of the downward move from the $91,099 swing high to the $86,007 low.<\/p>\n

<\/a><\/p>\n

A close above the $88,500 resistance might send the price further higher. In the stated case, the price could rise and test the $89,200 resistance. Any more gains might send the price toward the $90,000 level. The next barrier for the bulls could be $91,000 and $91,500.<\/p>\n

More Losses In BTC?<\/h2>\n

If Bitcoin fails to rise above the $88,500 resistance zone, it could start another decline. Immediate support is near the $86,700 level. The first major support is near the $86,200 level.<\/p>\n

The next support is now near the $85,500 zone. Any more losses might send the price toward the $83,500 support in the near term. The main support sits at $82,500, below which BTC struggle to recover in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $86,700, followed by $86,000.<\/p>\n

Major Resistance Levels \u2013 $88,500 and $89,200.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price extended losses and traded below $88,500. BTC is consolidating losses and might attempt a recovery wave if it clears $88,500. Bitcoin started a minor recovery wave from the $86,000 level. The price is trading below $88,200 and the 100 hourly Simple moving average. There is a new bearish trend line forming with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":129830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-129829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/129829"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129829"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/129829\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/129830"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}