Bitcoin is trading near $87,800 after briefly falling to $86,000, its lowest level in over a month. Over the past seven days, the asset has dropped by more than 5%. In the last 24 hours, it slipped nearly 1%.<\/p>\n
Crypto analyst Junkie says<\/a> Bitcoin has completed a five-wave bearish pattern based on Elliott Wave Theory, which often marks the end of a move. The analyst expects a short-term bounce before any further decline.<\/p>\n The chart shared shows a potential ABC correction forming. This includes a rise (A), a dip (B), and another push up (C). If this plays out, Bitcoin could retest a trendline from previous lows and possibly reach the $91,000 to $92,000 range. Junkie added:<\/p>\n \u201cWe may have a bit further down to go ($84k) until 5 waves finishes but if we haven\u2019t reversed already, we will.\u201d<\/p>\n A separate view from The Maverick of Wall Street points to a bear flag forming on the weekly chart. This type of setup often appears after a sharp fall. It forms a small upward channel, followed by another drop.<\/p>\n Bitcoin bear flag is playing out, see you at $60k$BTC<\/a> pic.twitter.com\/jsdXG8gKZQ<\/a><\/p>\n \u2014 The Maverick of Wall Street (@TheMaverickWS) January 25, 2026<\/a><\/p>\n\n The breakdown from the flag points<\/a> to a possible move down to $60,000. This matches a 31% fall from the recent range. Bitcoin has also fallen below its 50-week simple moving average (SMA), which is around $101,000. The 200-week SMA, near $57,800, may be the next support if the downtrend continues.<\/p>\n Data from Alphractal shows that Bitcoin\u2019s NUPL (Net Unrealized Profit\/Loss) is falling<\/a> but still above zero. In the past, cycle bottoms usually came only after this turned negative. That level signals full capitulation, which has not happened yet.<\/p>\n Another key metric, Delta Growth Rate, has already turned negative. This suggests that speculative buying has slowed. A recent CryptoQuant report also shows<\/a> that more holders are now selling at a loss. This is the first time in over two years that profit margins have dropped this much.<\/p>\n Bitcoin\u2019s drop below $88,000 happened as macro pressures built. A possible US government shutdown and the Fed\u2019s rate decision have made<\/a> investors more cautious. The market is now sitting on key support levels. A break below may open the way for lower prices. A bounce, however, could retest previous highs in the short term.<\/p>\n The post Will Bitcoin Bounce? Analysts Split on Next Major Move<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin is trading near $87,800 after briefly falling to $86,000, its lowest level in over a month. Over the past seven days, the asset has dropped by more than 5%. In the last 24 hours, it slipped nearly 1%. Analyst Sees Corrective Bounce Forming Crypto analyst Junkie says Bitcoin has completed a five-wave bearish pattern […]<\/p>\n","protected":false},"author":0,"featured_media":129862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-129861","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\/129861"}],"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=129861"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/129861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/129862"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}On-Chain Metrics Point to Ongoing Weakness<\/h2>\n