Bitcoin (BTC) price is
falling for the sixth consecutive session, dropping to $89,369 on January 20,
2026, the longest losing streak since November 2024, as Trump’s renewed tariff
threats and risk-off sentiment triggered a crypto market meltdown.
The
flagship cryptocurrency lost over 3.4% intraday, testing lows of $89,162 before
recovering slightly, but remains down nearly 7% over six sessions from its
recent $98,000 peak.
According
to my technical analysis, Bitcoin has once again fallen below both the 50 EMA
(at $90,298) and 200 EMA (at $105,731), clearly suggesting a downtrend with
immediate targets at $84,000 consolidation lows and extreme downside risk of
-40% to $50,000 based on Fibonacci extensions.
The death
cross from November 16, 2025, remains an active strong sell signal, while the
broken head and shoulders pattern continues to project medium-term targets at
$74,000 (April lows) and $61,000 in a more bearish scenario.
Tariff Threats Pull Risk
Assets Lower
“The
tariff baton has been swung once again overnight and pulled all risk assets
lower with European equities trading almost 2% down,” explains Paul
Howard, Direcot at Wincent. “We have seen cryptocurrencies largely follow
this trend and can expect that to continue once the US opens for business
today. Volatility is back.”
Bitcoin’s
current price of $89,369 represents a 3.44% decline from yesterday’s close of
$92,559, with the cryptocurrency testing a day low of $89,162, the weakest
level in two weeks. Over six consecutive declining sessions, Bitcoin has lost
nearly $9,000 from its January 17 peak near $98,000.
“The
global dip off the back of renewed tariff threats is what has driven the sell
off in the majors including Bitcoin,” Howard notes. President Trump’s
escalating Greenland acquisition threats, including 10% tariffs on eight
European nations (escalating to 25% by June), have triggered widespread
risk-off sentiment across global markets.
Despite
$1.4 billion in Bitcoin ETF inflows last week, the cryptocurrency continues
crashing. “This ran in the face of the $1.4 billion inflows BTC ETFs saw
last week and indicates breaking $100,000 is going to be far more macro-led
than previous rallies,” Howard explains.
“The
key factors on BTC moving higher will be US policy driven so I expect until we
see conditions improve (lower interest rates) and less tariff rhetoric. As a
result, BTC is likely to stay below the $100,000 level for the
time-being.”
Bitcoin Technical
Analysis: Death Cross, Below 50 and 200 EMA
Bitcoin
prices are falling for the sixth consecutive session, which is the longest such
losing streak since November 2024. The strongest declines are observed today
when Bitcoin loses over 3.4% and tested the level of just $89,162. At the time
of writing, the cryptocurrency is slightly bouncing and Bitcoin changes hands
at $89,369, but this doesn’t change the fact that over the last 6 sessions it
has lost nearly 9% in total and dropped to the lowest levels in two weeks.
According
to my technical analysis, the cryptocurrency has once again fallen below 50 EMA
(currently at $90,298) and remains far below 200 EMA (at $105,731), which
clearly suggests a downtrend. Prices reversed after last week’s approach to
nearly $98,000 and are now returning to the range of consolidation drawn since
November, whose lower limit falls at the level of $84,000.
Why Bitcoin price is falling? Source: Tradingview.com
As I show
on my chart, I remind about
the death cross drawn on November 16, 2025, which still remains an
active strong sell signal. The 50-day moving average remains below the
200-day moving average, a bearish configuration that historically precedes
extended declines.
Not to
mention the head and shoulders formation broken the same
month. I still maintain my medium-term downside target for Bitcoin around
$74,000 (April 2025 lows, matching the year low of $74,420), and in a more
bearish scenario, I
expect declines to $68,000, as mentioned in my weekly moving average chart
analysis.
How low can Bitcoin price go? Source: Tradingview.com
For
real-time Bitcoin technical analysis as price tests $84K consolidation with
-40% risk to $50K, follow me on X (Twitter)
@ChmielDk. I provide death cross updates, Fibonacci projections, and macro
impact insights on crypto markets.
Key Bitcoin Technical Levels
- Current price: $89,369 (Jan 20, 2026,
sixth straight decline) - Intraday low: $89,162 (lowest in two
weeks) - Day high: $92,807 (failed rally
attempt) - Recent peak: ~$98,000 (January 17,
2026 – down 8.8% since) - Losing streak: 6 sessions (longest since
November 2024) - 50 EMA: $90,298 (price below –
bearish signal) - 200 EMA: $105,731 (price 15.5%
below – confirms downtrend)
Arkadiusz
Jóźwiak, crypto analyst and trader from Comparic.pl, warns: “What we’re
seeing currently on Bitcoin ‘s chart, or what we’ve seen since the beginning of
2026, was only a correction in a bear trend. Current declines are a
continuation of precisely this trend.”
How Low Can Bitcoin Go?
-40% Crash Risk to $50,000
According
to my technical analysis, if we base downside considerations on Fibonacci
extensions, measuring the last downtrend from October to November, then the
correction we observed until the peak on January 17, the 100% Fibonacci
extension falls only around $50,000—the lowest levels since
September 2024.
From
current $89,369 levels, this would mean a possible decline of over 44%.
Bitcoin price prediction. Source: Tradingview.com
What should
happen next with Bitcoin? At this moment, we should head back toward testing
the lower band of consolidation. As I show on my chart, the immediate target
is $84,000 (November consolidation lower limit, only 6% below
current prices).
Bitcoin Downside Targets
Immediate: $84,000
(Consolidation lower band, -6% from current $89,369)
Medium-term: $74,000
(April 2025 lows, head and shoulders target, -17%. Year low sits at $74,420,
very close to this technical target)
Bearish
scenario: $61,000
(Weekly chart analysis, -32%)
Extreme
Fibonacci: $50,000
(100% extension, September 2024 lows, -44% from current)
“What
awaits us in the future? At minimum a test of lows from the end of 2025, or
going much deeper, to 2025 lows, before weak hands are completely cut out and
the market returns to accumulation,” Jóźwiak concludes.
The
proximity of current prices ($89,369) to the year low ($74,420) is particularly
concerning. Bitcoin is only 20% above its 2025-2026 floor, suggesting limited
cushion before testing critical support.
Breaking $100K “Far More
Macro-Led” – Why $1.4B ETF Inflows Failed
Despite
record Bitcoin ETF inflows of $1.4 billion last week, prices continue falling,
demonstrating that macro factors now dominate crypto price action. Bitcoin
currently trades 10.6% below the psychological $100,000 level at $89,369.
“This
ran in the face of the $1.4 billion inflows BTC ETFs saw last week and
indicates breaking $100,000 is going to be far more macro-led than previous
rallies,” explains Howard from Wincent.
Macro
headwinds overpowering institutional demand:
- Trump tariff threats on
European nations over Greenland (10% rising to 25%) - European equities down nearly
2% (risk-off spillover) - Fed independence concerns
weighing on risk assets - Interest
rates remaining elevated - Geopolitical
uncertainty creating volatility
“The
key factors on BTC moving higher will be US policy driven so I expect until we
see conditions improve (lower IRs) and less tariff rhetoric,” Howard
concludes. “As a result, BTC is likely to stay below the $100,000 level
for the time-being.”
FAQ: Why Bitcoin Is
Falling
Why is Bitcoin falling?
Bitcoin is
falling for the sixth consecutive session (longest streak since November 2024),
dropping to $89,369 on January 20, 2026, driven by Trump tariff threats on
European nations and risk-off sentiment.
Why is Bitcoin going down
today?
Bitcoin
fell 3.44% to $89,369 (intraday low $89,162) as “the tariff baton has been
swung once again overnight and pulled all risk assets lower with European
equities trading almost 2% down,” explains Paul Howard from Wincent.
How low can Bitcoin go?
According
to my technical analysis, immediate target is $84,000 (consolidation lower
band, -6%). Medium-term: $74,000 (April lows matching year low $74,420, head
and shoulders target, -17%). Bearish scenario: $61,000 (-32%). Extreme
Fibonacci extension: $50,000 (100% extension, -44% from current $89,369).
Is Bitcoin in a bear
market?
Yes,
according to technical indicators. As I show on my chart, Bitcoin trades 15.5%
below 200 EMA ($105,731) with death cross active since November 16.
Will Bitcoin break
$100,000?
Not in
near-term. Bitcoin currently trades at $89,369, 10.6% below $100K.
“Breaking $100,000 is going to be far more macro-led than previous
rallies,” says Howard from Wincent.
Bitcoin (BTC) price is
falling for the sixth consecutive session, dropping to $89,369 on January 20,
2026, the longest losing streak since November 2024, as Trump’s renewed tariff
threats and risk-off sentiment triggered a crypto market meltdown.
The
flagship cryptocurrency lost over 3.4% intraday, testing lows of $89,162 before
recovering slightly, but remains down nearly 7% over six sessions from its
recent $98,000 peak.
According
to my technical analysis, Bitcoin has once again fallen below both the 50 EMA
(at $90,298) and 200 EMA (at $105,731), clearly suggesting a downtrend with
immediate targets at $84,000 consolidation lows and extreme downside risk of
-40% to $50,000 based on Fibonacci extensions.
The death
cross from November 16, 2025, remains an active strong sell signal, while the
broken head and shoulders pattern continues to project medium-term targets at
$74,000 (April lows) and $61,000 in a more bearish scenario.
Tariff Threats Pull Risk
Assets Lower
“The
tariff baton has been swung once again overnight and pulled all risk assets
lower with European equities trading almost 2% down,” explains Paul
Howard, Direcot at Wincent. “We have seen cryptocurrencies largely follow
this trend and can expect that to continue once the US opens for business
today. Volatility is back.”
Bitcoin’s
current price of $89,369 represents a 3.44% decline from yesterday’s close of
$92,559, with the cryptocurrency testing a day low of $89,162, the weakest
level in two weeks. Over six consecutive declining sessions, Bitcoin has lost
nearly $9,000 from its January 17 peak near $98,000.
“The
global dip off the back of renewed tariff threats is what has driven the sell
off in the majors including Bitcoin,” Howard notes. President Trump’s
escalating Greenland acquisition threats, including 10% tariffs on eight
European nations (escalating to 25% by June), have triggered widespread
risk-off sentiment across global markets.
Despite
$1.4 billion in Bitcoin ETF inflows last week, the cryptocurrency continues
crashing. “This ran in the face of the $1.4 billion inflows BTC ETFs saw
last week and indicates breaking $100,000 is going to be far more macro-led
than previous rallies,” Howard explains.
“The
key factors on BTC moving higher will be US policy driven so I expect until we
see conditions improve (lower interest rates) and less tariff rhetoric. As a
result, BTC is likely to stay below the $100,000 level for the
time-being.”
Bitcoin Technical
Analysis: Death Cross, Below 50 and 200 EMA
Bitcoin
prices are falling for the sixth consecutive session, which is the longest such
losing streak since November 2024. The strongest declines are observed today
when Bitcoin loses over 3.4% and tested the level of just $89,162. At the time
of writing, the cryptocurrency is slightly bouncing and Bitcoin changes hands
at $89,369, but this doesn’t change the fact that over the last 6 sessions it
has lost nearly 9% in total and dropped to the lowest levels in two weeks.
According
to my technical analysis, the cryptocurrency has once again fallen below 50 EMA
(currently at $90,298) and remains far below 200 EMA (at $105,731), which
clearly suggests a downtrend. Prices reversed after last week’s approach to
nearly $98,000 and are now returning to the range of consolidation drawn since
November, whose lower limit falls at the level of $84,000.
Why Bitcoin price is falling? Source: Tradingview.com
As I show
on my chart, I remind about
the death cross drawn on November 16, 2025, which still remains an
active strong sell signal. The 50-day moving average remains below the
200-day moving average, a bearish configuration that historically precedes
extended declines.
Not to
mention the head and shoulders formation broken the same
month. I still maintain my medium-term downside target for Bitcoin around
$74,000 (April 2025 lows, matching the year low of $74,420), and in a more
bearish scenario, I
expect declines to $68,000, as mentioned in my weekly moving average chart
analysis.
How low can Bitcoin price go? Source: Tradingview.com
For
real-time Bitcoin technical analysis as price tests $84K consolidation with
-40% risk to $50K, follow me on X (Twitter)
@ChmielDk. I provide death cross updates, Fibonacci projections, and macro
impact insights on crypto markets.
Key Bitcoin Technical Levels
- Current price: $89,369 (Jan 20, 2026,
sixth straight decline) - Intraday low: $89,162 (lowest in two
weeks) - Day high: $92,807 (failed rally
attempt) - Recent peak: ~$98,000 (January 17,
2026 – down 8.8% since) - Losing streak: 6 sessions (longest since
November 2024) - 50 EMA: $90,298 (price below –
bearish signal) - 200 EMA: $105,731 (price 15.5%
below – confirms downtrend)
Arkadiusz
Jóźwiak, crypto analyst and trader from Comparic.pl, warns: “What we’re
seeing currently on Bitcoin ‘s chart, or what we’ve seen since the beginning of
2026, was only a correction in a bear trend. Current declines are a
continuation of precisely this trend.”
How Low Can Bitcoin Go?
-40% Crash Risk to $50,000
According
to my technical analysis, if we base downside considerations on Fibonacci
extensions, measuring the last downtrend from October to November, then the
correction we observed until the peak on January 17, the 100% Fibonacci
extension falls only around $50,000—the lowest levels since
September 2024.
From
current $89,369 levels, this would mean a possible decline of over 44%.
Bitcoin price prediction. Source: Tradingview.com
What should
happen next with Bitcoin? At this moment, we should head back toward testing
the lower band of consolidation. As I show on my chart, the immediate target
is $84,000 (November consolidation lower limit, only 6% below
current prices).
Bitcoin Downside Targets
Immediate: $84,000
(Consolidation lower band, -6% from current $89,369)
Medium-term: $74,000
(April 2025 lows, head and shoulders target, -17%. Year low sits at $74,420,
very close to this technical target)
Bearish
scenario: $61,000
(Weekly chart analysis, -32%)
Extreme
Fibonacci: $50,000
(100% extension, September 2024 lows, -44% from current)
“What
awaits us in the future? At minimum a test of lows from the end of 2025, or
going much deeper, to 2025 lows, before weak hands are completely cut out and
the market returns to accumulation,” Jóźwiak concludes.
The
proximity of current prices ($89,369) to the year low ($74,420) is particularly
concerning. Bitcoin is only 20% above its 2025-2026 floor, suggesting limited
cushion before testing critical support.
Breaking $100K “Far More
Macro-Led” – Why $1.4B ETF Inflows Failed
Despite
record Bitcoin ETF inflows of $1.4 billion last week, prices continue falling,
demonstrating that macro factors now dominate crypto price action. Bitcoin
currently trades 10.6% below the psychological $100,000 level at $89,369.
“This
ran in the face of the $1.4 billion inflows BTC ETFs saw last week and
indicates breaking $100,000 is going to be far more macro-led than previous
rallies,” explains Howard from Wincent.
Macro
headwinds overpowering institutional demand:
- Trump tariff threats on
European nations over Greenland (10% rising to 25%) - European equities down nearly
2% (risk-off spillover) - Fed independence concerns
weighing on risk assets - Interest
rates remaining elevated - Geopolitical
uncertainty creating volatility
“The
key factors on BTC moving higher will be US policy driven so I expect until we
see conditions improve (lower IRs) and less tariff rhetoric,” Howard
concludes. “As a result, BTC is likely to stay below the $100,000 level
for the time-being.”
FAQ: Why Bitcoin Is
Falling
Why is Bitcoin falling?
Bitcoin is
falling for the sixth consecutive session (longest streak since November 2024),
dropping to $89,369 on January 20, 2026, driven by Trump tariff threats on
European nations and risk-off sentiment.
Why is Bitcoin going down
today?
Bitcoin
fell 3.44% to $89,369 (intraday low $89,162) as “the tariff baton has been
swung once again overnight and pulled all risk assets lower with European
equities trading almost 2% down,” explains Paul Howard from Wincent.
How low can Bitcoin go?
According
to my technical analysis, immediate target is $84,000 (consolidation lower
band, -6%). Medium-term: $74,000 (April lows matching year low $74,420, head
and shoulders target, -17%). Bearish scenario: $61,000 (-32%). Extreme
Fibonacci extension: $50,000 (100% extension, -44% from current $89,369).
Is Bitcoin in a bear
market?
Yes,
according to technical indicators. As I show on my chart, Bitcoin trades 15.5%
below 200 EMA ($105,731) with death cross active since November 16.
Will Bitcoin break
$100,000?
Not in
near-term. Bitcoin currently trades at $89,369, 10.6% below $100K.
“Breaking $100,000 is going to be far more macro-led than previous
rallies,” says Howard from Wincent.
